Application to Register Person(s) and Business Name
To register a person(s) and business name in Singapore, you'll need to follow these steps:
1. Choose a Business Name:
The name should be unique, available, and not misleading.
Use the Business Name Check tool on the Accounting and Corporate Regulatory Authority (ACRA) website to verify availability.
2. Determine the Business Structure:
Decide whether you want to register as a sole proprietorship, or partnership.
3. Prepare the Necessary Documents:
Identity cards or passports of the owners.
Proof of residential address.
4. Submit the Application:
You can submit your application online through the ACRA BizFile+ portal.
Alternatively, you can submit the application in person at an ACRA office.
5. Pay the Fees:
There are fees associated with registering a business name and person(s).
The fees vary depending on the business structure and type of application.
6. Wait for Approval:
ACRA will review your application and notify you of the outcome.
If approved, you'll receive a Notice of Registration.
How Bestar Can Help with Business Registration in Singapore
Application to Register Person(s) and Business Name
Bestar can provide invaluable assistance when registering a business in Singapore. Here's how:
Financial advice: We can help you determine the most suitable business structure based on your financial situation and goals.
Tax planning: Bestar can advise on tax implications, deductions, and exemptions to minimize your tax burden.
Accounting setup: We can assist in setting up your accounting system, including choosing appropriate software and ensuring compliance with accounting standards.
Financial projections: Bestar can help you create financial projections and forecasts to guide your business decisions.
Contract drafting: We can draft contracts and agreements related to your business, such as leases, employment contracts, and supplier agreements.
Intellectual property protection: Lawyers can assist in protecting your intellectual property, such as trademarks, patents, and copyrights.
In summary, Bestar can offer essential expertise and support during the business registration process and beyond. By working with Bestar, you can increase your chances of success and avoid potential legal and financial pitfalls.
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