ACRA Business Registration
ACRA Business Registration
ACRA business registration is the process of registering your business with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. ACRA is the government agency responsible for regulating and administering companies and businesses in Singapore.
There are different types of business structures that you can choose from when registering your business with ACRA. These include:
Sole proprietorship: This is the simplest and most common type of business structure in Singapore. A sole proprietorship is a business that is owned and operated by one person.
Partnership: A partnership is a business that is owned and operated by two or more people.
Company: A company is a separate legal entity from its owners. There are different types of companies that you can incorporate in Singapore, such as private limited companies, public limited companies, and limited liability partnerships.
Once you have chosen a business structure, you will need to register your business with ACRA. You can do this online through the BizFile+ portal. You will need to provide ACRA with certain information, such as your business name, business address, and the names of the directors or partners of your business. You will also need to pay a registration fee.
Once your business is registered with ACRA, you will be issued a Unique Entity Number (UEN). Your UEN is a unique identifier for your business and you will need to use it for all your business dealings with government agencies and other businesses.
Here are some of the benefits of registering your business with ACRA:
It gives your business a legal identity and makes it easier to do business with other businesses and government agencies.
It protects your personal assets from business liabilities.
It gives you access to certain government grants and subsidies.
It makes it easier to raise capital for your business.
If you are planning to start a business in Singapore, it is important to register your business with ACRA. You can find more information on how to register your business on the ACRA website.
How Bestar can Help
Bestar is a Singapore-based accounting and corporate services firm that can help you with all aspects of ACRA business registration. Bestar has a team of experienced professionals who can advise you on the best business structure for your needs and help you complete the registration process quickly and efficiently.
Here are some of the ways that Bestar can help you with ACRA business registration:
Advise you on the best business structure for your needs: Bestar can help you assess your business needs and goals and recommend the best business structure for you. This will take into account factors such as the size of your business, your industry, and your personal liability preferences.
Help you complete the registration process: Bestar can help you complete the ACRA business registration form and ensure that all of the required information is provided. Bestar can also help you to pay the registration fee.
Follow up with ACRA to ensure that your registration is approved: Bestar can follow up with ACRA to ensure that your business registration is processed and approved as quickly as possible.
Provide you with ongoing support: Bestar can provide you with ongoing support with your business registration and other corporate compliance requirements.
If you are considering starting a business in Singapore, Bestar can help you with all aspects of ACRA business registration. Bestar's experienced professionals can ensure that your registration is processed quickly and efficiently, and that you are fully compliant with all applicable regulations.
In addition to the above, Bestar can also help you with the following:
Apply for relevant business licenses and permits
Open a corporate bank account
Set up your accounting and payroll systems
Provide you with business advisory services
Bestar can help you to save time and hassle by taking care of all of the administrative tasks involved in starting and running a business in Singapore. This allows you to focus on what is most important: growing your business.
Contact us today!