Starting A Business In Singapore Registration

The company name is the very.

Starting a business in singapore registration. Business refers to any activity that is carried out on a continual basis for the purpose of gain. Please note that this is neither a comprehensive compilation of all relevant information on this topic nor professional advice. 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.

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. To start a business in singapore a foreign company has to register an entity prior to commencement of operations. Guide on how to start a business in singapore pick a company name first and foremost you need to choose a company name and have your filing agency validate it in acra the national agency that registers and oversees businesses.

Unlike a subsidiary company it is not considered a separate legal entity. This includes online or web based businesses such as running online stores as well. Banking finance and insurance monetary authority of singapore.

Employ a singaporean permanent resident or entrepass holder as local director. Sign a contract with the appointee to keep them out of your business activities. Choose a unique name when you register your company.

As prescribed by section 5 of the business names registration act bnra all types of businesses except those exempted see below must be registered with the accounting and corporate regulatory authority acra. It is merely a high level overview of the steps involved in. It is especially true for foreigners wanting to start a business in singapore.

Foreigners cannot self register a new company and must hire a local business registration provider. Be sure to choose a good formation and set your business in a good location when launching in singapore. Appoint a nominee director for your new company.