To register a business in Singapore, you will need to:
Choose a business structure. The most common business structures in Singapore are sole proprietorship, partnership, limited liability partnership (LLP), and private limited company (PLC). Each structure has its own advantages and disadvantages, so it is important to choose the one that is right for your business.
Choose a business name. Your business name must be unique and must not be similar to the name of any other existing business in Singapore. You can search for available business names on the Accounting and Corporate Regulatory Authority (ACRA) website.
Reserve a business name. If you have found an available business name, you can reserve it for up to 120 days. This will give you time to prepare your registration documents and complete the registration process.
Register your business. You can register your business online through the BizFile+ portal. You will need to provide certain information, such as your business name, business structure, and the names and addresses of your directors and shareholders.
Pay the registration fee. The registration fee for a PLC is SGD315. The registration fee for other business structures is SGD15.
Once you have registered your business, you will need to obtain any necessary licenses or permits. You can find a list of required licenses and permits on the ACRA website.
Here are some additional tips for registering a business in Singapore:
If you are a foreigner, you will need to engage the services of a registered filing agent to submit your registration application on your behalf.
If you are registering a PLC, you must have at least one director who is a Singapore citizen, permanent resident, or EntrePass holder.
You must also have a registered office address in Singapore.
You must submit your registration application within 60 days of starting your business.
If you have any questions about the business registration process, you can contact Bestar for assistance.
How Bestar can Help
Bestar is a corporate services provider in Singapore that offers a wide range of services, including company incorporation, corporate secretarial services, accounting and bookkeeping services, and tax advisory and compliance services.
Bestar can help you with the business registration process in Singapore in a number of ways:
Choose the right business structure. Bestar can advise you on the different business structures available in Singapore and help you choose the one that is right for your business.
Choose a business name. Bestar can help you search for available business names and reserve the one you choose.
Prepare the necessary registration documents. Bestar can help you prepare all of the necessary registration documents, including the Memorandum of Association and Articles of Association for a PLC.
Submit your registration application. Bestar can submit your registration application to ACRA on your behalf.
Obtain any necessary licenses or permits. Bestar can help you identify and obtain any necessary licenses or permits for your business.
In addition to the above services, Bestar can also provide you with ongoing support and advice on corporate governance, compliance, and taxation matters.
Here are some of the benefits of using Bestar for your business registration needs:
Convenience: Bestar offers a one-stop shop for all of your business registration needs.
Expertise: Bestar has a team of experienced professionals who can guide you through the business registration process and ensure that your application is submitted correctly.
Peace of mind: By using Bestar, you can be sure that your business is registered correctly and that you are in compliance with all applicable laws and regulations.
If you are considering registering a business in Singapore, contact Bestar to discuss your needs. We will be happy to provide you with a free consultation and answer any questions you may have.