Logo Makers

Are you planning to register a company in Singapore? Then you must recognise what these four letters mean: ACRA, which stands for the Accounting and Corporate Regulatory Authority of Singapore. All companies desiring to be a registered company in Singapore comply with ACRA requisites, including, registering a company name and applying for incorporation.

Local and international businesses set up their branch of operations in Singapore because of its soaring economy, which makes it more conducive for start up parties to succeed. In Singapore, there is an amalgam of culture and people, creating a particular availability for resources, and requirement for innovative products and services. The Singapore government also implements exacting compliance so that businesses have leveled off playing field whether they are starting or have been in process for years.

The brand or seal of businesses that operate in Singapore is their corporate governance. They are a separate entity, featuring enduring succession, having the authorisation to purchase properties, and featuring the authority to sue under the company name or to be sued under the same. A hurried and streamlined registration of company in Singapore makes it more winning for commercial enterprises. All it takes is half an hour to accomplish the requisite tasks: to get a name, and to apply for incorporation.

This process can only be stalled if the company necessitates to be referred to a referral agency, such as the Ministry of Education for those registering a school. A payment fee of S$5 is involved for getting a company name and S$900 for incorporating the company.

According to ACRA, there are three types of registration of company in Singapore. These are: private, for a company having 50 or less shareholders who have set share transfers, public, or a company that has 50 or more shareholders and which extends the shares to the public, and foreign companies that try to base a branch in this island-state.

The tedious process in company registration in Singapore is in preparing the documents prior to filing of name and incorporation application. Local businesses can rely on the expert services of registration companies so they can take away the time needful for this administrative matter. Meanwhile, foreigners are mandated to ask a local from Singapore or a firm to do it for them, they cannot carry out a company name and incorporation application on their own as it is not provided by law.

Logo Makers

Logo Works

New to Singapore and wanting to do business? Allow us to walk you through ACRA compliance requirements. Get ahead of the game and launch your start-up soon without worry for the registration of business in Singapore. Talk to us today.

Logo Makers: Logo Works

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