Start a Company
Starting a business in Singapore is a great idea! Singapore is a vibrant & exciting cosmopolitan city. It has a strategic location & is one of the 4 Asian Tiger economies. In the very beginning of your startup venture, you need some milestones that would guide you in a correct direction.
To register your own company, you have to access to bizfile under Accounting and Corporate Regulatory Authority (ACRA) as a private limited This can be done simply online using a Singpass (apply at www.singpass.gov.sg).
Fees for registering a company are $15 for the name application and $300 to incorporate the company. The registration is usually approved within 15 minutes for online applications.
Seek Professional Help
Entrepreneur who needs fast and one-stop service may seek professional guidance from a Chartered Accounting firm. A Chartered Accountant (CA) has the expertise to help you with starting a business in Singapore. Some CA comes with years of experience in jumping start your business with days using the Cloud Technologies.
By going to an Chartered Cloud Accounting firm, you are more assured of a professional company incorporation based on the regulations of the Singapore Companies Act.
Step 1 - Business Structure
The structures available are:
Step 2 – Name your company
Before registering your company, you need to decide on a business name. It should describe the nature of your business & assist in marketing your business effectively. It is preferable to avoid names which are identical or similar to those that other business entities have already registered with ACRA, as well as names which are offensive to the public. Try checking your name in Google first.
When you engage EBOS Cloud Accountant, we will run free name check on BIZFILE to check the availability of your proposed company name. Thereafter, we will advise you the probability of the name approval before submitting the name for approval. This services allows our customer to save money and time when name has to be resubmitted for approval.
Step 3 - Incorporate the company
You will need to prepare:
Step 4 – Post Incorporation Work
Your professional Cloud Accountant will prepare all the necessary documents with a complimentary company secretary on your first year of service. We will also start by assisting you with the following MUST HAVE services to jump start your business with our alliances.
Chat with EBOS Cloud Accountant if you have any question about starting a business in Singapore.
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