Procedure to Register Company in Singapore
Registering a company in Singapore is a streamlined process designed to be fast and efficient. Here's a breakdown of the general steps involved:
Preparation:
Understand requirements: Familiarize yourself with the regulations set by the Accounting and Corporate Regulatory Authority (ACRA).
Choose a business structure: Decide on the most suitable structure for your company, such as sole proprietorship, partnership, or limited liability company (LLC).
Company Name and Documents:
Reserve a name: Check for availability and reserve your desired company name through ACRA's BizFile+ portal.
Gather documents: Prepare necessary documents like shareholders' and directors' details, business activities description, and proposed share capital.
Incorporation and Post-Registration:
Submit application: Once documents are ready, submit your online application for company registration via BizFile+.
Sign documents: After ACRA approval, electronically sign the incorporation documents, including the company constitution.
Open corporate bank account: Establish a corporate bank account for your registered company.
Additional Considerations:
Company secretary: Appointing a company secretary is mandatory for most LLCs.
Licenses and permits: Depending on your industry, you might need additional licenses or permits to operate legally.
Corppass: Register for a Corppass to access various government e-services for your business.
Resources:
For detailed information and guidance, refer to the official ACRA website's guide on setting up a local company. You can also find helpful resources from the GoBusiness Singapore portal.
How Bestar can Help
Procedure to Register Company in Singapore
Bestar can assist you with the company registration process in Singapore in several ways:
Understanding requirements and choosing a structure: We can help you navigate the regulations set by ACRA and recommend the most suitable business structure (sole proprietorship, partnership, LLC) for your needs.
Name reservation and document preparation: Bestar can assist with checking name availability, reserving your desired company name, and preparing all the necessary documents for registration.
Online application guidance: We can guide you through the online application process via BizFile+ to ensure all documents are submitted correctly.
Company secretary advice: Bestar can advise on the appointment of a company secretary, which is mandatory for most LLCs in Singapore.
Corporate bank account: We can help you with opening a corporate bank account for your registered company.
Additional services Bestar provides:
Obtaining licenses and permits: We offer assistance with obtaining any licenses or permits required for your specific industry.
Post-registration compliance: Bestar can help you comply with post-registration requirements and ongoing accounting needs for your business.
By leveraging our expertise, you can streamline the registration process and ensure you're adhering to all regulations.
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