Register business Singapore is one of the easiest places in the world for entrepreneurs to start their businesses. The city-state ranks highly in the World Bank’s Ease of Doing Business report. There are a few requirements to take into consideration, however, such as deciding on a unique company name and choosing the appropriate entity type.
A registered business is required to have a legal address in Singapore, which can be an office space or simply a mailbox that is maintained by a service provider. A foreigner can also choose to run a business without moving to the city, by having a Singaporean director who resides in the country oversee all operations via a work pass.
Incorporating a business in Singapore is usually straightforward if all the necessary paperwork is prepared correctly and submitted promptly. The company registration process can take less than an hour if all the necessary documents are in order and the application is well-organised. Some industries have extra steps, especially those that are heavily regulated at both the national and international level.
The key to a smooth and quick incorporation is having a thorough checklist, ensuring that all the necessary documentation is submitted and completed properly. Once the application has been processed by ACRA, you will receive a Certificate of Incorporation, which will include your company’s unique business registration number, by email. You can also purchase a hard copy of your business profile (or “Bizfile”) from ACRA for S$50, which will be sent to your designated company mailbox.