How To Register Business Singapore
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How to register business singapore. The application itself may only take about 15 minutes to complete. Register your business getting your company registered in singapore is definitely the first step to start up business. You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority. Foreign businesses that wish to set up a representative office in singapore may approach these government agencies. 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. The chances of quick approval will be higher if you keep the following things in mind. You can now purchase a special uen sun for your business sole proprietorship or partnership. 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.
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. 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. 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.
Registering company in singapore. Giving your business access to governmental funding such as those made available by enterprise singapore. Getting acra s approval for your company name. Singapore does not allow a foreign individual entity to self register their company. Singapore business registration is fully computerized by the singapore registrar of companies.
How 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 may choose to reserve a name first and then register the business later or do the name application and registration at one go. As such you could expect a quick and efficient process. To register your business you may make an online application via the bizfile website.