How To Register Business Singapore

All aspects of your business starting from the name of your company to the details of the board of directors need to be registered with the acra or accounting and corporate regulatory authority of singapore prior to starting.

How to register business singapore. You may choose to reserve a name first and then register the business later or do the name application and registration at one go. Banking finance and insurance monetary authority of singapore. The application itself may only take about 15 minutes to complete. The chances of quick approval will be higher if you keep the following things in mind. To register your business in singapore the proposed name must be approved via applying with the acra company registrar.

However certain types of business require approval from certain regulatory authorities before they can be registered. Registering company in singapore. Giving your business access to governmental funding such as those made available by enterprise singapore. As such you could expect a quick and efficient process. Register your business getting your company registered in singapore is definitely the first step to start up business.

Getting acra s approval for your company name. Singapore business registration is fully computerized by the singapore registrar of companies. You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority. You can now purchase a special uen sun for your business sole proprietorship or partnership. Singapore does not allow a foreign individual entity to self register their company.

Additionally if you choose to incorporate a company or set up a limited liability partnership instead of registering a sole proprietorship or partnership your personal and business finances are separated. How to register a business in singapore. The type and nature of your business will determine which government body you will have to register with which usually includes the national regulator of businesses in singapore accounting and. To register your business you may make an online application via the bizfile website. Typically your incorporation would take 1 2 days.

You start registering a new company by getting its name approved from acra. Guide for foreigners to register a business in singapore. Individuals and companies being legal entities may set up and own a sole proprietorship or partnership. Statutory declaration by directors of company s inability to continue business by reason of its liabilities pdf 6kb section 291 1 notification to registrar under section 21 for change in number of shares in holding company held by subsidiaries pdf 258kb. To register your singapore business you will need to hire a professional to file on your behalf.