SETTING UP IN SINGAPORE

Whether you’re an individual or a corporation, the process of starting a business here is simple. Read on to find the all-important answers on taxation, gaining entry, registering a business, finding suitable premises and recruiting the right staff.

REGISTERING A BUSINESS

Singapore welcomes all forms of enterprise and investment. Much of the information you need about doing business in Singapore is available online. Here is a quick guide to how you can register a business.


REGISTRATION PROCESS
Registering a Business

All businesses must be registered with the Accounting & Corporate Regulatory Authority (ACRA). This includes any individual, firm or corporation that carries out business for a foreign company.

A foreign company that wants to set up a branch in Singapore will need to appoint two local agents to act on its behalf. These agents must be Singapore residents, that is, either citizens or permanent residents, or foreigners with employment or dependant passes. Information on registering a branch of a foreign company is available here.

Special licenses are needed for some businesses such as banking, insurance and stock broking. Special licenses are also required for the manufacture of goods such as cigars and firecrackers.

A step-by-step guide to registering a business or company in Singapore is provided at the business.gov.sg website.

WHAT IS A DECKBUILDER?

The Deckbuilder helps you compile the content you want. Click “Add to deck” to collect useful content from the website and click on “View Deckbuilder” to edit and export your deck as a .ppt or .pdf file.