Business Register Singapore
The business register in Singapore is maintained by the Accounting and Corporate Regulatory Authority (ACRA). It is a public database that contains information on all registered businesses in Singapore, including sole proprietorships, partnerships, companies, limited partnerships, and limited liability partnerships.
The information in the business register includes the business name, registered office address, Unique Entity Number (UEN), business activities, and particulars of the directors and shareholders (for companies). The business register is updated regularly to reflect changes in business information.
To access the business register, you can use the ACRA website or the BizFile+ mobile app. You can search for businesses by name, UEN, or business activity. You can also view detailed information about a specific business, such as its financial statements and corporate filings.
Here are the steps on how to register your business in Singapore:
Choose a business structure. There are several different types of business structures available in Singapore, including sole proprietorships, partnerships, companies, limited partnerships, and limited liability partnerships. The best business structure for you will depend on your specific needs and circumstances.
Reserve a business name. Before you can register your business, you need to reserve a business name with ACRA. You can do this online through the BizFile+ portal.
Register your business. You can register your business online through the BizFile+ portal. You will need to provide information about your business structure, business name, registered office address, and business activities. You will also need to pay a registration fee.
Open a corporate bank account. Once your business is registered, you need to open a corporate bank account. This is necessary for you to receive payments from customers and to make business payments.
Apply for any necessary licenses and permits. Depending on your business activity, you may need to apply for additional licenses and permits from the relevant government agencies.
Once you have completed all of these steps, your business will be officially registered and ready to operate.
If you need assistance with registering your business in Singapore, you can engage Bestar.
There are several benefits to registering your business in Singapore:
Legal recognition and protection: When you register your business in Singapore, you are given a Unique Entity Number (UEN), which is a unique identifier for your business. This UEN can be used to open bank accounts, apply for licenses, and enter into contracts. Registering your business also gives you legal protection under Singapore law.
Credibility and trust: A registered business is seen as more credible and trustworthy by customers, suppliers, and investors. This is because registered businesses are required to disclose certain information about themselves, such as their directors and shareholders, to the public.
Access to government grants and incentives: The Singapore government offers a variety of grants and incentives to registered businesses. This can help you to start and grow your business.
Ease of doing business: Singapore is consistently ranked as one of the easiest countries in the world to do business in. This is due to a number of factors, including a transparent and efficient regulatory system, a skilled workforce, and excellent infrastructure.
In addition to these general benefits, there are also some specific benefits to registering certain types of businesses in Singapore. For example, Singapore is a popular destination for foreign companies to set up regional headquarters. This is due to Singapore's low corporate tax rates, its strategic location, and its strong business ecosystem.
Overall, there are many good reasons to register your business in Singapore. It is a business-friendly country with a strong economy and a stable political environment. Registering your business in Singapore can give you a number of advantages, including legal recognition and protection, credibility and trust, access to government grants and incentives, and ease of doing business.
If you are considering starting a business in Singapore, consult with Bestar to discuss your specific needs and requirements.
Bestar Registered Filing Agents
Bestar professionals can help you with all aspects of business registration in Singapore, from choosing a business structure to submitting your registration application. We are registered with the Accounting and Corporate Regulatory Authority (ACRA) and have the necessary expertise and experience to help you register your business quickly and efficiently.
Here are some of the benefits of engaging a registered filing agent to help you with your business registration in Singapore:
Convenience: Registered filing agents can take care of the entire business registration process for you, saving you time and hassle.
Accuracy: Registered filing agents are familiar with the latest business registration requirements and can ensure that your application is complete and accurate.
Expertise: Registered filing agents can provide you with expert advice on choosing the right business structure for your needs and on how to comply with all relevant business regulations.
Peace of mind: By engaging a registered filing agent, you can be confident that your business registration will be processed smoothly and efficiently.
If you are considering starting a business in Singapore, contact Bestar to discuss your needs. We will be able to provide you with a free consultation and quote.