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HomeBusinessStages StartRegisteringYourBusiness(Local/Foreigners)
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RegisteringYourBusiness(Local/Foreigners)
RegisteringyourbusinesswiththeGovernmentisoneofthefirststepsyouneedtotakeonceyouhavedecidedtostartyourbusiness.
AgencyInCharge
AccountingandCorporateRegulatoryAuthority(ACRA)
HowLongItTakes
15minutes.IfyourbusinessneedsapprovalfromotherGovernmentagencies,itwilltakeatleast14days.
HowMuchIt
Costs
Registrationfee(local):S$50S$600
Registrationfee(foreigner):S$300S$1,200
Approvalofbusinessname:S$15pername
BeforeYou
Register
NewBusiness(LocalSingaporeCitizen/Permanent
Resident)
1. ApplyforaSingPass,whichyouwillneedforall
Governmenttransactions
2. PreparetheitemsinChecklist(Before
Registering)
HowToRegister
NewBusiness(Foreigner)
1. ApplyforanEntrePassfromtheMinistryof
Manpower
2. ApplyforaSingPass
3. PreparetheitemsinChecklist(BeforeRegistering)
NewBusiness(Local/Foreigner)
ApplyonlineatACRAsBizFilewebsite,or
ApplyonlineontheOnlineBusinessLicensingService(OBLS)website
BranchOfAForeignCompany
Hireaprofessionalfirmtoregisteronyourbehalf
MustIRegisterMyBusiness?
TherearesometypesofbusinessesthatdonotneedtoregisterwithACRA,includingcertainindividuals,
professionalsandorganisations.Ifyoubelongtoanyofthese,youwillbeexemptedfromhavingtoregisteryour
business.
FurtherReading
ChoosingABusinessStructure
WhatDoINeedToPrepareBeforeRegistering?
Beforeyoubegintheregistrationprocess,thereareanumberofthingsyouwillneedtocheckorpreparefirstinChecklist(Before
Registering).
WhatVisasOrPassesDoForeignersNeedtoWorkOrSetUpABusinessInSingapore?
ForeignerswhowishtostartanewbusinessinSingaporemustapplyforanEntrePasswhichallowsregisteredentrepreneursandtheir
familiestoliveinSingapore.
BusinessexecutiveswhotravelinandoutofSingaporefrequentlyeithertoattendtobusinessmatters/investmentsorlookfor
businessopportunitiescanapplyfora1,2or5yearMultipleJourneyVisa.
Ifyouwishtohireemployeesfromyourhomecountrytoworkinyournewbusiness,branchofficeorrepresentativeofficer,youwill
needtoapplyforEmploymentPassesandWorkPermits.
WhatHappensAfterIRegisterMyBusiness?
FurtherReading
Onceyouhavesuccessfullyregisteredyourbusiness,therearesomeimportantrulesandregulationsthatyouwill
havetoobserveinthecourseofrunningyourbusiness.
DoINeedToRegisterASingaporeBranch/OfficeOfAForeignCompany?
Yes,youmusthireaprofessionalfirmtoregisteryourSingaporebranchonyourbehalfwithACRA.
ThingsToDoAfterRegistration
FurtherReading
ForeignBusinesses
IfyouaresettingupaRepresentativeOffice(RO)toexplorebusinessopportunitiesinSingaporeortheregion,you
mustregisterwiththeMonetaryAuthorityofSingaporeiftheROisinbankingandinsurance,orwithInternational
EnterpriseSingaporeforallotherindustries.
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Lastupdatedon05Feb2014
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