Registering a Business in Singapore

Company registration in Singapore is done by ACRA and the whole process is fully computerized. Typically, companies can be included within 1-2 days. To register a business, applicants must log in to their company registration profile by using their unique identification number and SingPAss. Company registration in Singapore become much easier because of the computerized process.

1. Select your company name and address.

To establish a Singapore company, you must already accept the proposed name of your company. Company name approval can be obtained by applying to ACRA. You can search for the બ photo visitor icon + to see if you already used the business name.

In general, the name approval/rejection notice will be reviewed and approved by the relevant external government agency within one hour unless the specific name of the proposed name (such as banking, financial, legal, press, etc.) needs to be fulfilled. necessary. If so, name approval may be delayed for days or weeks.

To increase the likelihood of fast name resolution, specify the name you want:

1.       The names of existing branches are not the same or similar.

2.       It does not violate commercial data.

3.       It is not pornography or pornography.

4.       Not yet booked.

The approval date is reserved for 60 days from the date of application. If you submit an extension request before the expiration date, you can extend the name for 60 days. Learn more about choosing an ACRE-approved business name.

2. Is the Company Constitution ready for submission?

The registrar submits the company's constitution. The Constitution is a legal document that sets out rules on how a company is organized internally, the rights and relationships of its shareholders, and other rules necessary for its management. As part of the incorporation process, these documents are generally reviewed by lawyers.

If you do not want to draft a company constitution from scratch, you can use a model outlet on the ACR website.

3. Registration of Company on BizFile+

If you agree to create your company name, address, and consent form, you can fill out additional requirements for BizFile +. Other key information includes stock information, director and company executive details.

The registration fee is $ 315. If you pay the fee, your company will be set up within 15 minutes. For example, if your company plans to establish a school and you need to send an application for approval, the installation process can take anywhere from 14 days to two months.

Create a shareholder agreement

In addition to the Company Constitution, another important legal document required as part of the incorporation process is the shareholder agreement. A shareholder agreement is a document that refers to the rules and regulations governing how a company operates, and other aspects that shareholders, directors, and managers do not include, such as linking certain terms and conditions of a shareholder agreement company.

Comprehensive shareholder agreements enable smooth management of the company and reduce disputes among various business partners of the company.

Post-registration: Documents to be issued

ACRA will issue several documents confirming the establishment of the company, including:

1. Certificate of Incorporation

ACRA will send you an official email notification to confirm your meeting. The e-mail notification will include your company registration number and will be considered as an official corporate establishment certificate in Singapore. A hard copy was not issued by default because the certificate of the establishment is not required in Singapore. If hardcopy is preferred, online requests for ACRA are available after the company is established. A fee of approximately $ 50 may be charged and hard copies may be picked up at the ACRA office on the next business day.

2. Company Business Profile

A business profile with company details can be obtained from ACR by receiving an application and paying a nominal fee of S $ 16.50 from BizFile +.

Generally, documents (PDF files) can be downloaded within 1 hour of the request and include the following key details:

·       Company name and registration number

·       Company's last name (if applicable)

·       Incorporation Date

·       Major Activities

·       pay

·       Registered office address

·       Shareholder Details

·       Director details

·       Company secretary details

For all legal and contractual purposes of Singapore, the above two softcopy documents (e.g. establishment of company business profile and email notification) are sufficient.

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