If you are starting a new business in Singapore then the very first step towards it is to register your company.
Luckily, Singapore has a very easy online mechanism to get your company
registered with very less efforts. The Accounting & Corporate
Regulatory Authority (ACRA) is the authority that monitors the process
to register your company. The process is digitized and everything is
done online. ACRA has an online filing system known as BizFile+ which
was earlier known as BizFile that helps in registering your company.
BizFile+
For company registration in Singapore, you will have to file an application through an online filing and data retrieval process which is known as BizFile+. Previously, the system was known as BizFile and it has been recently updated in January 2016. The process of BizFile was introduced in 2007 to make the process of registering company easier. Entrepreneurs can easily register their company with the help of this one stop business solution.
Steps involved in registering a company in Singapore
It is fairly easily to get your company registered or you can anytime hire the services of Singapore incorporation to ease the process. Such professionals are well versed with all the norms and regulations required to register a company.
Incorporation services are budget friendly and you need not shell a big amount to avail them. You can also enjoy benefits like SingPass ID, local nominee director etc if you hire a professional incorporation service provider.
BizFile+
For company registration in Singapore, you will have to file an application through an online filing and data retrieval process which is known as BizFile+. Previously, the system was known as BizFile and it has been recently updated in January 2016. The process of BizFile was introduced in 2007 to make the process of registering company easier. Entrepreneurs can easily register their company with the help of this one stop business solution.
Steps involved in registering a company in Singapore
- The process starts with the registration of company’s name. You must file an online application with the name of your company through the BizFile+ system.
- As per the rules, name of the company must be meaningful, unique and without any copyright issue. After paying the fees online, your name will be registered within an hour in the database of BizFile+.
- You can check the availability of your company name in an online tool on the ACRA’s website.
- Once your company name has been registered, you have 60 days to register your company. Failing to do so, you will have to request an extension of another 60 days.
- In the next step, you will have to submit few documents to validate your company. It takes just 1 to 3 days for the completion of this process. ACRA is strict in this matter and if a company is filing on your behalf then it will have to know complete details of your firm.
- After this, the ACRA will send a mail to you which will have a notice of incorporation.
It is fairly easily to get your company registered or you can anytime hire the services of Singapore incorporation to ease the process. Such professionals are well versed with all the norms and regulations required to register a company.
Incorporation services are budget friendly and you need not shell a big amount to avail them. You can also enjoy benefits like SingPass ID, local nominee director etc if you hire a professional incorporation service provider.
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