The vibrant city-state of Singapore offers a wealth of opportunities for entrepreneurs. If you’re looking to set up a company in Singapore, it’s important to understand the key requirements. In this article, we’ll walk you through the process of registering a company in Singapore and explain what to expect along the way.
The first step is choosing a name for your business. Once you’ve decided on a name, it’s important to check that it meets the necessary guidelines. For example, your proposed business name must not be too similar to an existing business and cannot be obscene or offensive. You’ll also need to choose a Singapore Standard Industrial Classification (SSIC) code that describes your business activity.
Once you’ve chosen a name and a company structure, it’s time to submit your application to ACRA. This can be done online using ACRA’s BizFile+ system. However, you’ll need a SingPass to access the portal. If you’re a foreigner, it’s best to work with a corporate services provider to assist you in submitting your application.
Reliance Consulting is one of the most popular choices for company registration Singapore, thanks to its affordable fees and transparent pricing. They give you a clear, upfront price for the service requested and never charge any hidden fees. They also offer a range of other services, including payroll management, taxation, and international expansion support. They’re also renowned for their customer service, making them a great choice for companies of all sizes. company registration Singapore