Business Registration in Singapore
To register a business in Singapore, you will need to follow these steps:
Choose a business structure. The most common business structures in Singapore are sole proprietorship, partnership, limited company, limited liability partnership (LLP), and limited partnership (LP). Each structure has its own advantages and disadvantages, so it is important to choose the one that is right for your business.
Reserve a business name. You can reserve a business name online with the Accounting and Corporate Regulatory Authority (ACRA). The name must be unique and cannot be used by any other business in Singapore.
Apply for a business registration. You can apply for a business registration online or by mail. You will need to provide ACRA with information about your business, such as its name, structure, registered address, and directors.
Pay the registration fees. The registration fees vary depending on the business structure you choose.
Get a business license. If you are operating certain types of businesses, such as a restaurant or a nightclub, you will need to obtain a business license from the relevant government agency.
Once you have completed these steps, your business will be officially registered in Singapore.
Here are some additional things to keep in mind:
Foreigners can register a business in Singapore. However, you must have a local director who is a Singapore citizen, permanent resident, or EntrePass holder.
There are a number of online and offline resources available to help you register your business. The ACRA website has a comprehensive guide on how to register a business in Singapore. You can also consult with Bestar for assistance.
Here are some of the benefits of registering your business in Singapore:
Singapore is a pro-business country with a stable political and economic environment.
The Singapore government offers a number of incentives and support programs to businesses.
Singapore is a world-class financial center with a strong infrastructure and workforce.
Singapore is a strategic location for businesses that want to expand into Asia.
If you are considering starting a business in Singapore, do your research and choose the business structure that is right for you. There are a number of resources available to help you register your business and get started.
Consult with Bestar a Professional Accountant for Assistance on How to Register a Business in Singapore
Bestar is a professional accountant that can help you with business registration in Singapore. Bestar is a boutique company formation service provider with a comprehensive range of custom company incorporation, registration, accounting and financial compliance services. We have a team of experienced accountants who can guide you through the entire business registration process, from choosing the right business structure to completing the necessary paperwork.
Bestar also offers a number of other services that can be helpful for new businesses, such as bookkeeping, accounting, GST registration, corporate tax computation, and advisory services. We can also help you to set up and manage your payroll system.
If you are looking for a professional accountant to help you with business registration in Singapore, contact Bestar. We offer a free consultation, so you can learn more about our services and see if we are a good fit for your needs.
Here are some of the benefits of consulting with Bestar for business registration in Singapore:
We have a team of experienced accountants who are knowledgeable about the business registration process and the latest regulations.
We offer a comprehensive range of services, including company formation, accounting, GST registration, and corporate tax advisory services.
We are affordable and offer a free consultation.
Please contact us if you have any other questions.