16.08.2009
So you have a great business idea and just need to know where to start. Here's a guide to setting up a company in Singapore. 1. Think of a name This sounds simple, but can be tough. Your company name needs to be catchy, memorable and meaningful. So gather your mates, as a brain storming session is required for this one. 2. Registration If you are a sole-proprietorship or partnership you can register your business online via ACRA's bizfile, all you need is a Singpass. Alternatively a professional firm such as an accountant or lawyer can do this for you. It costs just $65 to register and obtain a unique entity number (UEN) and should take about 15 minutes if you have a simple business idea... However if you're planning to set up a private school, it may take longer... 3. Register your business address You can't fit in a PO Box, so you can't work out of one! The good news is, you can work from home. However you do need prior written ...