Starting a business in Singapore is a great idea, and I’m happy to help you out. The company registration process can seem complex at first, but it’s actually quite manageable once you know the steps. Here’s a breakdown of what you need to do:
Choose a Company Name: Your company name must be unique and not similar to existing businesses. You can check the availability of your desired name on the Accounting and Corporate Regulatory Authority (ACRA) website.
Decide on Your Business Structure: Most new businesses in Singapore opt for a Private Limited Company (Pte Ltd). This structure offers limited liability protection and is a common choice for startups.
Prepare Required Documents: You’ll need several documents, including a business plan, details of the company’s directors and shareholders, and the company’s registered address.
Register with ACRA: You can register your company online through the ACRA BizFile+ portal. This is where you’ll submit all your documents and complete the registration process.
Open a Corporate Bank Account: After your company is registered, you’ll need to open a corporate bank account. You can do this at any major bank in Singapore.
Get Necessary Licenses and Permits: Depending on your business type, you may need additional licenses or permits. You can check this on the Singapore Business Licensing Portal.
If this sounds like a lot to handle, I highly recommend checking out Lanturn's Incorporation Services. They offer a range of services to help with company registration https://www.lanturn.com/sg/corporate-se ... orporation , from preparing documents to ensuring compliance with all regulations. I used them for my own business setup and found their service to be incredibly efficient and supportive. They can manage the whole process for you, so you can focus on your business ideas instead of paperwork!
Company registration
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Re: Company registration
Starting a business in Singapore can be daunting, but it's straightforward. First, register your company with the Accounting and Corporate Regulatory Authority (ACRA). You'll need to choose a company name, provide details of shareholders, directors, and a company secretary, and prepare documents like the company constitution. As for finances, consider using a crypto debit card for transactions. It offers benefits like lower fees, faster payments, and easy currency conversions, which can help manage your business expenses more efficiently. Experienced entrepreneurs, feel free to share your insights!