A few thoughts to start with……………
Before you can start a business in Singapore
- You must be at least 21 years of age
- You must not be an undischarged bankrupt or you must have obtained the permission of the High Court or the Official Assignee if you are planning to register a business entity in Singapore
- Since all transactions must be lodged online, you need to have your NRIC No. and SingPass in order to log into the online system. Please refer to www.singpass.gov.sg on how to apply for a SingPass
The form of enterprise you choose is important
The fact that you are reading this probably means that you are planning to start a business in Singapore.
A sound business concept and a demand for your products or services are important for the success of your business venture. However your choice of a business vehicle is also important for your business operations to function smoothly. There are several factors to be considered when choosing the right business vehicle to meet your needs:
- How much capital are you prepared to invest?
- How many owners will there be in the business?
- What liabilities and responsibilities are you prepared to assume?
- What risks are you prepared to take?
- What are the advantages and disadvantages of the different business vehicles?
- Are the business vehicles easy to close?
This website contains information on the various business entities and the requirements for registration, maintenance and closing these entities. Please click here to see the various business vehicles that you can register in Singapore and the features of these business vehicles.
We hope this information will assist you in making a well-informed decision on the business structure that you would like to start with. If you require further information or clarification, please contact us. We will be glad to assist you.
