Mr. Siva Surendira, a leading IT and technology expert and founder of Powerupcloud Technologies Private Limited in Delhi, was looking to expand his business into the Singapore market.
Powerupcloud provides consultancy for businesses who wish to migrate their business processes to the cloud to leverage on the flexibility and ability to work on the go. They also provide big data solution to help businesses mine information from their existing data for business insights to make critical business decisions.
Under his astute leadership, his business grew rapidly – he was soon running a team of more than 60 employees to support more than 100 corporate customers from USA, India and Singapore by the end of the first year.
In July 2016, Mr. Siva decided to approach SOAS to incorporate his company in Singapore.
Incorporating his Company with SOAS
According to him, he had to incorporate a company due to some changes in one of his clients’ policy. “Powerupcloud has been working on several projects with some of the corporate clients in Singapore for some time already. However, one of them suddenly informed me that they have a new directive to work with only locally registered company. This prompted me to register a company in Singapore.”
Apparently, Mr Siva found SOAS through a google search. He said, “I did a comparison of SOAS’s services with other service providers and decided to call SOAS up from India. David was able to advise and address my concerns over the phone and I decided to engage SOAS to assist with the incorporation.”. He then flew to Singapore to meet SOAS’s team as well as to open a bank account. “I met David in Singapore and found him very helpful and knowledgeable. He has a wide network which I can tap on and SOAS offers all the services I need to ensure that my company is compliant with the laws of Singapore and so I decided to appoint them as my company secretary as well.”
SOAS’s Unique Company Incorporation Platform
Mr Siva found SOAS’s company incorporation platform very efficient. He commented, “David guided me through the incorporation process which took less than 15mins through their online platform. He also provided me with other useful corporate advice such as the opening of bank accounts in Singapore.”
As a “Technopreneur” himself, Mr Siva found the SOAS experience very refreshing. “Yes, I had a very good experience with my incorporation process. I am a tech guy and not easily impressed with software. Having said that, I acknowledged that SOAS had developed a good online incorporation software. Furthermore, I appreciated the human touch especially when I incorporated my Singapore company for the first time. David was also sensitive to the fact that I came from India and extended his assistance – a very considerate gesture from him. This was why I set aside 30 minutes of my time for this interview despite my busy schedule.”
We are truly grateful for Mr. Siva’s kind words and wish him all the best in his business venture in Singapore. SOAS is here to help, whether you are a local startup or from overseas. Call us now!
SOAS Trust Limited offers consultancy services for companies to be incorporated in Labuan to take advantage of low tax benefits from off-shore trading, setting up of Labuan foundations, trust funds or private funds and wealth management.