How to Register a Company in Singapore

 If you’ve decided to set up a company in Singapore, it’s time to get things started. Registering your business involves several key documents that must be submitted to the Accounting and Corporate Regulatory Authority (ACRA). These include details about your directors, secretary, and your company’s Memorandum of Understanding and Association. These are all legal declarations, so make sure they’re correct. Depending on the type of business you plan to run, you may also need to apply for a business license and open a corporate bank account.


The most popular structure for local and foreign companies is a private limited company. This requires at least one director who is a citizen, permanent resident, or holder of an employment pass in Singapore. If you are a foreigner on a Dependent’s Pass, you can still register your business as long as you have a Letter of Consent from the Ministry of Manpower and follow certain requirements for overseas workers in Singapore.


Once your company has been registered, you’ll receive a Certificate of Incorporation from ACRA that includes your unique business registration number. You’ll also get a free Business Profile, which functions like your company’s online business card.


For those who would rather not deal with all of the paperwork involved in registering a company, you can hire a Singapore corporate services firm to take care of it for you. These firms will handle all the details of compliance with Singapore’s strict regulations while you focus on running your business. One such firm is VentureHaven, which offers comprehensive business setup services and ongoing support to help your company succeed in Singapore.    register business Singapore

  

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