business incorporation singapore for Dummies
Take note: Registering a company name with ACRA is not really similar to registering a trademark. Company name registration isn't going to Provide you distinctive or intellectual assets legal rights around the name.
Registering your business is just the start. To work legally and easily in Singapore, it’s important to keep your company information precise, comply with obligations which include yearly submitting, and look at these added put up-incorporation methods.
Your business construction impacts anything from taxes and liability to regulatory obligations. In this article’s a quick breakdown of your choices:
Singapore Company Access (Corppass) is an authorisation program for business entities to allow workers and third get-togethers to perform corporate transactions with govt agencies online, like the IRAS (the Inland Revenue Authority of Singapore, that's The federal government physique responsible for taxes) electronic services.
One of several initially methods is to select a name in your company and post it for approval. The name needs to be distinctive, not identical or far too much like any current company, not infringe trademarks, and should not consist of prohibited/offensive phrases.
When you don’t have a neighborhood director, you'll be able to interact nominee director services. This Singapore business setup guidebook for foreigners outlines all requirements Plainly.
Sole Proprietorship: A sole proprietorship is The only business structure. It is owned and operated by a single particular person who may have comprehensive control of the business but can also be personally liable for its debts and obligations.
Understanding what singapore business startup files necessary to register company in Singapore will streamline your software:
If it suggests “No matching file,” there isn't a registered company with this particular name, this means you can commence with registering it.
At BBCIncorp, we specialize in business registration in Singapore which has a target generating the company incorporation approach basic, quickly, and thoroughly compliant.
No matter whether you use accounting software program like Xero or copyright or retain the services of an experienced, preserving monitor of cash stream, costs, and payroll will allow you to make smarter business selections and continue to be compliant with economic laws.
In case your shareholders/directors are foreigners, you might require Accredited accurate copies of passports and address proofs for submission. Move 3: Submit the Incorporation Application
Dewey & LeBoeuf LLP assures these pitfalls are avoided by dealing with each phase professionally, from paperwork preparation to submit-incorporation compliance monitoring.
As the system appears clear-cut, at times entrepreneurs — Specially international ones — make avoidable errors. Here are several prevalent pitfalls and how to reduce them: