How To Register Small Business In Singapore

Being of a small scale these businesses should not require hiring of workers.

How to register small business in singapore. First let s take a look at the fees that you have to pay to register a private limited company in singapore as published on acra s accounting and corporate regulatory authority website. Here are some examples of the businesses you can carry out under our home based small scale business scheme. Giving your business access to governmental funding such as those made available by enterprise singapore. Details of company owners. Fire safety and shelter department for fire safety requirements.

At richmond we specialize in assisting smes in incorporating their 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 your business operations or begin hiring your employees. Sole proprietorship partnership limited liability partnership limited partnership or company. Yes it is possible to register a company in singapore online. 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.

Banking finance and insurance monetary authority of singapore. We can process your singapore company incorporation in just 2 hours if all the requirements are complete. You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority. Approved company name transaction number number of years of registration. You need to pay 15 for the name application charges.

You can do so by logging in on bizfinx website. Your singpass login id. The first that you need to do before incorporating your business is to register its name. S 300 that is a total of s 315 in fees that you need to pay to incorporate a new company with acra. You may choose to personally register your business with acra or seek the assistance of a professional service provider.

The first step to setting up a business in singapore is deciding on the business structure. You need to do it through bizfile a business filing portal of acra. It is easy and fast. Register your business getting your company registered in singapore is definitely the first step to start up business. 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.