How To Register Business Singapore

How to register a business in singapore.

How to register business singapore. Registering a company in singapore in 3 steps. Getting acra s approval for your company name. 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. Individuals and companies being legal entities may set up and own a sole proprietorship or partnership. The application itself may only take about 15 minutes to complete.

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. Singapore business registration is fully computerized by the singapore registrar of companies. To register your business in singapore the proposed name must be approved via applying with the acra company registrar. 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. Guide for foreigners to register a business in 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. You do not need to travel or obtain a visa to incorporate your company. However certain types of business require approval from certain regulatory authorities before they can be registered. Register your business getting your company registered in singapore is definitely the first step to start up business. Typically your incorporation would take 1 2 days.

You can now purchase a special uen sun for your business sole proprietorship or partnership. Foreign businesses that wish to set up a representative office in singapore may approach these government agencies. You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority. Registering company in singapore. To register your singapore business you will need to hire a professional to file on your behalf.

Banking finance and insurance monetary authority of singapore. Singapore does not allow a foreign individual entity to self register their company. The chances of quick approval will be higher if you keep the following things in mind. You start registering a new company by getting its name approved from acra. Giving your business access to governmental funding such as those made available by enterprise singapore.