Are you planning to run a business in Singapore? Or you have some plans to take your existing business to another level by registering your very own company? Well, if any of this is your case, then congratulations because you are going to get all the information to get your business registered in three simple steps. No business is possible in this world if it goes unplanned and almost all the business grow a lot when they go planned. The best part of your successful planned business is to get it registered as a company, and for that, you need to have knowledge of the process that is going to happen.
No matter what your business type is, it can be a goods-related business or a services-related business, but one thing that makes more sense is that you will need to fulfill the needs of the government to get it registered. Every country and every state can usually have a completely different way to deal with the people and keep it ahead; one thing that you should focus on is to go by the laws of the area where you want your company to exist and function.
The process in Singapore
Well, getting your company registered includes some of the common facts that you need to complete, and only then can you get forward to the process. Below you will get to know about the three simple steps in which your business will take the name of a company in Singapore and hence you can enjoy all the perks of doing business over there. When you visit https://www.pilotoasia.com/guide/singapore-company-registration you can get all the necessary information about this process and hence can be the one who will gain a lot of useful information about your goal.
When you get your business registered and converted into a company, you are actually creating a legal entity of your business, which means your business becomes a legal person in the eyes of the law. But there are some of the terms for that, and you can get to know about them in the process mentioned below.
Step1:- Name your company and get it approved
When you are at the stage of turning your business into a company, you will be aware of the fact that which is the type of business in which you are dealing. It can be any sort of goods or services related to business and you might be the king in that. Before your business takes the look of a company, it is important that you decide the name of your business.
In Singapore, if you want your company to be registered, you will surely have to decide the name of the company first, and then you need to get it approved by the ACRA. It is the organization set up by them that will provide you with the approval of the name, and only then can you move one step forward. Some of the points that you should keep in your mind while deciding the name are mentioned below, and they are mandatory to follow as per the government rules and regulations!
- No identical names:- The name that you are deciding for your business should not be identical to any pre-existing business or company in the state.
- No infringe:- The new registering companies do not have the right to infringe on any of the pre-existing trademarks of the state.
- Nothing vulgar:- Nay thing that is said to be vulgar will not be entertained in your company’s name.
Step2:- Be document ready for registration
Well, that hard part of the registration process is almost over and now you are done with deciding the name of your company. Now it is time that you move to the second step and make all the documents ready for your registration process. The things that you want to be right prior to your registration includes:-
- Company constitution
- Shareholder’s identity and address
- Directors consent
- Company secretary’s consent
Step3:- Go get it registered
After making all the certificates and other issues correctly ready in the market, you should probably work further to get your business registered. Now it is time to make your steps towards the registrar’s office or apply for it online.
Some of the companies might require a reference from the authorities other will get a nod as soon as the paperwork is complete.