How To Register Business Singapore

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 business singapore. Registering a company in singapore in 3 steps. Banking finance and insurance monetary authority of 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. Foreign businesses that wish to set up a representative office in singapore may approach these government agencies. Singapore business registration is fully computerized by the singapore registrar of companies.

To register your business you may make an online application via the bizfile website. The chances of quick approval will be higher if you keep the following things in mind. The application itself may only take about 15 minutes to complete. You do not need to travel or obtain a visa to incorporate your company. As such you could expect a quick and efficient process.

You start registering a new company by getting its name approved from acra. To register your singapore business you will need to hire a professional to file on your behalf. You can now purchase a special uen sun for your business sole proprietorship or partnership. You may choose to reserve a name first and then register the business later or do the name application and registration at one go. Typically your incorporation would take 1 2 days.

You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority. How to register a business in singapore. 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. 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.

Singapore does not allow a foreign individual entity to self register their company. To register your business in singapore the proposed name must be approved via applying with the acra company registrar. Guide for foreigners to register a business in singapore. Giving your business access to governmental funding such as those made available by enterprise singapore. Registering company in singapore.