Note: Registering a company name with ACRA just isn't the same as registering a trademark. Company name registration won't Provide you distinctive or mental residence legal rights above the name.
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Contrary to when registering a company in Hong Kong, you are not needed to have a company secretary at enough time of registering a company in Singapore. On the other hand, you need to appoint one inside 6 months from the date of incorporation.
If you are a overseas entrepreneur and not using a area director or local handle, we can offer or coordinate nominee director and registered deal with services, in compliance with Singapore polices.
It’s also a lawful requirement that a minimum of a single nearby resident director remains to the management board constantly whilst the company is functioning.
That is like an identification variety for the business used in all government and lots of commercial transactions.
To register a company in Singapore, you’ll really need to observe 6 vital techniques. These methods make sure that your company is lawfully compliant and properly arrange to work. Below’s A fast overview:
Foreigners can fully personal a company in Singapore but must appoint a neighborhood resident director. Study far starting a business in singapore for foreigners more During this beneficial manual on international registration, provided by ACRA Bizfile, listed here.
You’ll will need it when registering your company. The moment authorised, the name might be reserved for a hundred and twenty days. Should you don’t register your business in that period of time, the name will come to be available to Some others.
In most cases, the company registration timeline in Singapore normally takes just a couple of days. Nevertheless, if international administrators or licensing necessities are concerned, it’s smart to make in certain excess buffer time.
If all requirements are met and paperwork are to be able, name approval and company registration typically just take one–two business days. In selected situations (e.g. business in controlled field) it normally takes lengthier resulting from additional checks.
Acceptance is Tremendous-rapid – given that it fulfills the factors and isn’t pulled for evaluation, you need to only want to wait a couple of minutes until finally your name is officially reserved. The reservation cost is SGD fifteen*.
Most often, your company name will likely be accepted right away. Nonetheless, In the event your name contains selected words and phrases or falls under unique business classes, your software could should be more reviewed by a government agency. In that situation, the process normally takes fourteen days to 2 months.