How To Register Business Singapore

Singapore does not allow a foreign individual entity to self register their company.

How to register business singapore. To register your business in singapore the proposed name must be approved via applying with the acra company registrar. 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. Banking finance and insurance monetary authority of singapore. You can now purchase a special uen sun for your business sole proprietorship or partnership. To register your business you may make an online application via the bizfile website.

You start registering a new company by getting its name approved from acra. Foreign businesses that wish to set up a representative office in singapore may approach these government agencies. You may choose to reserve a name first and then register the business later or do the name application and registration at one go. 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. The chances of quick approval will be higher if you keep the following things in mind.

However certain types of business require approval from certain regulatory authorities before they can be registered. Typically your incorporation would take 1 2 days. 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. Guide for foreigners to register a business in singapore.

Giving your business access to governmental funding such as those made available by enterprise singapore. You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority. The application itself may only take about 15 minutes to complete. Singapore business registration is fully computerized by the singapore registrar of companies. Individuals and companies being legal entities may set up and own a sole proprietorship or partnership.

You do not need to travel or obtain a visa to incorporate your company. To register your singapore business you will need to hire a professional to file on your behalf. 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. Getting acra s approval for your company name. Registering a company in singapore in 3 steps.