Types Of Business Registration In Singapore

In singapore the main types of companies are.

Types of business registration in singapore. If you need a quick answer. Approved company name and registered with acra director. The most common and most preferred type of entity among entrepreneurs in singapore is the private limited company.

The accounting and corporate regulatory authority acra is the national regulator of business entities public accountants and corporate service providers in singapore. The application itself may only take about 15 minutes to complete. Need at least one director who is either singapore citizen singapore permanent resident or entrepass holder shareholders.

To register your business you may make an online application via the bizfile website. This guide provides information on registration of a sole proprietorship in singapore. A private limited company s name in singapore usually ends with private limited or pte ltd.

However certain types of business require approval from certain regulatory authorities before they can be registered. In singapore if you are engaged in any activity that is carried out on a continual basis for the purpose of gain you must register a business such as sole proprietorship private limited company or limited liability partnership. According to acra if you are carrying out an.

Yes you need to register your online business in singapore. As indicated in section 5 of business names registration act or bnra all types of businesses with a few exceptions must register with the accounting and corporate regulatory authority acra. Private limited companies companies limited by shares pursuant to and governed by the singapore companies act.

Such businesses include architecture real estate and defence. Minimum of 1 and a maximum of 50 shareholders. Most privately incorporated businesses in singapore are registered as private limited companies.