Setting Up a Renovation Company in Singapore

Setting Up a Renovation Company in Singapore | Bestar

Setting Up a Renovation Company in Singapore

Starting a renovation company in Singapore involves registering the business and obtaining necessary licenses. Here's a simplified breakdown:

Registration:

1. Business Entity: Choose a structure like Sole Proprietorship or Limited Liability Company (LLC) depending on your management style.

2. Company Name: Pick a unique name and check its availability with the Accounting and Corporate Regulatory Authority (ACRA) https://www.acra.gov.sg/.

Licenses and Permits:

• General Business Registration: Register your business with ACRA.

• Work Permits (MOM): Required if hiring foreign workers (Ministry of Manpower).

• Building & Construction Authority (BCA) Licences: Needed for renovation works, demolitions, and engineering. The specific license depends on your project scope.

• Other Potential Permits: Depending on your renovation focus, you might need permits from NEA, LTA, or IMDA.

Additional Considerations:

• Insurance: Obtain business insurance.

• Corporate Bank Account:  Set up a dedicated account for business transactions.

Resources:

The process can be complex, so consider referring to these resources for detailed guidance:

• ACRA for business registration

• Building and Construction Authority (BCA) for licenses and permits

• Starting a Construction Company

Remember, these are general steps. It's advisable to consult with a professional for tailored advice on your specific renovation company setup.

How Bestar can Help

Setting Up a Renovation Company in Singapore

Bestar focuses on professional services [bestar-sg.com]. Our area of expertise aligns well with setting up your renovation company. Here's how Bestar can help:

• Company Incorporation & Business Registration:  Bestar SG identifies itself as a qualified corporate service provider [bestar-sg.com]. We can assist with registering your renovation company as a sole proprietorship or LLC, handling the paperwork and ensuring compliance with the Accounting and Corporate Regulatory Authority (ACRA).

• Accounting & Bookkeeping:  Starting a business involves managing finances. Bestar offers accounting and bookkeeping services, which can help you set up a system for tracking income, expenses, and taxes. This ensures your finances are organized and simplifies tax filing later.

• Compliance Management:  Renovation companies need to adhere to various regulations. Bestar can advise on navigating compliance requirements related to your business activities.

Additionally:

• Human Resource (HR) and Payroll Services:  If you plan on hiring employees, Bestar can help with HR tasks like payroll processing and ensuring adherence to labor regulations.

By providing these services, Bestar can streamline the administrative aspects of setting up your renovation company, allowing you to focus on the core aspects of your business.

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