In order to promote openness and minimize the mismanagement of corporations, Singapore needs details of proprietors to be maintained in the form of a RORC. These details should be readily available to the ACRA whenever needed.
The economic stability of Switzerland is one of the most known facts about the country. Due to its taxation system, geographic and political position, low inflation, low unemployment rate as well as its competitive business environment, Switzerland has become a preferred destination for investors.
But in order to ensure the best development of a foreign capital company, quality accounting and bookkeeping services are required.
One of the first steps when registering a new company in Switzerland, regardless of its type, is to open a bank account with a Swiss bank. The account is necessary to deposit is required minimum capital when founding a GmbH or an AG, but bank account are also use for other legal entities as well.