Why is it good to start a business in Singapore?

PayPal Here and Square are currently the top contenders. Paypal lets you attach their card reader to your device and turn it into a portable register. Sqyare users get a small, portable card reader that attaches to a phone or another mobile device to take fast, convenient payments. Square also offers a point-of-sale system called Square Register for businesses with a brick-and-mortar store. Square’s point-of-sale app is compatible with iOS and Android devices.

Although technology has advanced and it helps us manage our time better, it is not advisable to be too reliant on technology. In all business, human interaction and intervention is necessary for the business' growth and development. As business owners, we need to be considerate to our customers who are technology migrants or to those who are not familiar with the advancements. Customers should always come first and in order to do that, human interaction is required to feel and understand the needs of the customers.

It is definitely possible to start a small business usign your SmartPhone. Communication has been made easier with different applications, transactions and paymens can be done online, bluetooth keyboards can be used to send longer and detailed messages when necessary, credit card readers are now also available and cloud-applications can help business owners create, edit and post contents and ideas using their SmartPhone. There are many possibilities using your SmartPhones and it is just upto the user to explore and fully utilize it's capacity.

At least one Singapore resident must be appointed as the director of the company. Singapore companies are allowed to have 100% local or foreign ownership. New shares can be issued or existing shares can be transferred to another person after the company has gone through the incorporation process. There are no capital gains or dividend taxes on Singapore companies. The procedures for company registration is fully computerised by ACRA (the Accounting and Corporate Regulatory Authority) in Singapore. Usually, a company can be incorporated in 1-2 days.

There are many apps that could help you organize your tasks and errands. If your business wants to improve its communication and collaboration then you can use Asana. Proven is an app that could help you organize your hirings. If you want to organize and track your packages then you can use Boxmeup. Evernbote helps you organize your notes. If you want to track your teams workflow then Trello is the app for you and lastly Managers can use KanbanFlow to assign tasks, upload documents and file attachments, schedule due dates and visualize overall workflow.

Scammers have developed a lot of techniques to stip businesses of its money. There are general types of scams to look out for. First is the peer-to-peer lending scam. The second one isthe credit repair scam. New business owners should worry about this because they target new business owners offering to increase their credit scores for a certain fee but this is all a scam. The third one is the consultancy fee scam where the scammers convince to offer you assistance in getting a loan even though it is not that hard for you to need an assistant. There are many more to watch out for. Key is to alwayys be alert and analyze the situation.