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Thursday, November 15, 2012

How To Set Up An Educational Institution In Singapore

By Ping Fleming


The likes of Bill Gates, Steve Jobs and Mark Zuckerberg proved that a college diploma isn't the only ticket towards becoming one of the world's wealthiest individuals. Despite this fact, getting an education remains to be seen as the primary means towards becoming affluent and successful. This is why the education industry continues to show strong business potential especially in Asia.

Evidently, in the education industry, there's gold waiting to be mined. In Singapore, this fact, along with the launch of the Global Schoolhouse initiative, has prompted educators and business-minded individuals to put up their own academic and non-academic institutions. So far, these people have not regretted their decision. If you're an educator or a businessperson in search of a smart venture, why not establish your school, too?

The basics of putting up a school are not different from other types of business. Basically, the initial step is to create a feasibility study. You need to decide on the type of school you like to put up. Is it a child care centre or a cooking school? Other essential parts of this step are assessing your market, identifying your location and making financial projections.

Should your feasibility study show that your intended business venture is going to be profitable, the following step is to work on your application for company registration in Singapore. Provided that you have all the needed documents, your company may be incorporated in at least two days. Some of the pertinent details you need to provide when you register company in Singapore are your school's name, business address, narrative about how your business will operate and information about your directors and shareholders.

After accomplishing the aforementioned steps, the ball may begin rolling for your company. Clearly, these major preliminary steps are not that tough to do. However, proceeding with them smoothly and finishing them swiftly may not be possible without an excellent background on business and company registration in Singapore. This is why for these matters, enlisting the help of experts is very much recommended. Doing this is the best way to avoid costly errors and delays.




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