Singapore enables entrepreneurs to open business accounts and incorporate on-line
Creating Singapore’s first same-day online incorporation and business account opening from anywhere in the world
Osome, a Singapore-based AI powered service for efficient business management, announced a partnership with Aspire, a Singapore-based fintech startup earlier this month [August 2020]. It will serve the new generation of digital-savvy businesses with a mobile-first digital business account. Together this new partnership will enable a same-day service of incorporating a company and opening a business account in Singapore fully online.
Osome, based in Singapore, was launched in January 2018 to facilitate business management for SMEs. It uses artificial intelligence to take care of routine tasks like company incorporation, corporate secretarial work, accounting, taxation and payroll on their platform. Osome has market presence in Singapore, United Kingdom, Hong Kong and Malaysia.
Aspire currently operates across Thailand, Vietnam, Indonesia, Singapore. This technology company was founded in January 2018 by former Lazada founders and executives. It provides business owners with an easy, fast, and simple way to manage their business finances within a single platform. The Aspire Business Account can be opened online within minutes and automatically comes with a Visa debit card that allows business owners to transact in over 40+ currencies at the real exchange rate.
Through this partnership, directors and shareholders now do not need to be physically present in Singapore to sign paperwork at the time of opening an account for their business. This is great news for entrepreneurs and business owners around the world who want to start a new business in Singapore despite the current pandemic which has restricted business travel. In addition, this new service is 16% cheaper than doing both processes separately on your own.
Furthering their vision to digitize the corporate management and banking industry, the partnership will bring more convenience, ease and speed for directors who want to open a business in Singapore. Osome will take care of the company constitution, company name reservation and filing for incorporation with ACRA, Singapore’s regulator of business entities. To start, business owners can simple show their interest by registering here: https://osome.com/sg/aspire/ or here https://sg.aspireapp.com/company-incorporation
Under this partnership, Incorporation packages start from S$294. The Incorporation and Corporate Secretary package is S$504. The deal includes an Aspire Business Account which enables companies to send and receive payments, as well as apply for Aspire Credit Line, a simple and flexible access to working capital. Both services are integrated with Xero, which Osome is a Platinum partner to.
“This partnership helps make the company set-up process a lot more seamless. Having a business account is essential to operate a company. Now, an entrepreneur can open a legal entity and a business account in one day, without travelling to Singapore or leaving the house at all,” said Victor Lysenko, Osome CEO and founder.
Victor Lysenko, CEO & Founder Osome
“We are here to add value to entrepreneurs in any way we can. This partnership with Osome makes incorporation and account opening easy, fast, and transparent eliminating frictions and giving business owners their time back,” said Andrea Baronchelli, Aspire CEO and co-founder.