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RegisteringYourBusiness(Local/Foreigners)
RegisteringyourbusinesswiththeGovernmentisoneofthefirststepsyouneedtotakeonceyouhavedecidedtostartyourbusiness.

AgencyInCharge

AccountingandCorporateRegulatoryAuthority(ACRA)

HowLongItTakes

15minutes.IfyourbusinessneedsapprovalfromotherGovernmentagencies,itwilltakeatleast14days.

HowMuchIt
Costs

Registrationfee(local):S$50S$600
Registrationfee(foreigner):S$300S$1,200
Approvalofbusinessname:S$15pername

BeforeYou
Register

NewBusiness(LocalSingaporeCitizen/Permanent
Resident)
1. ApplyforaSingPass,whichyouwillneedforall
Governmenttransactions
2. PreparetheitemsinChecklist(Before
Registering)

HowToRegister

NewBusiness(Foreigner)
1. ApplyforanEntrePassfromtheMinistryof
Manpower
2. ApplyforaSingPass
3. PreparetheitemsinChecklist(BeforeRegistering)

NewBusiness(Local/Foreigner)
ApplyonlineatACRAsBizFilewebsite,or
ApplyonlineontheOnlineBusinessLicensingService(OBLS)website
BranchOfAForeignCompany
Hireaprofessionalfirmtoregisteronyourbehalf

MustIRegisterMyBusiness?
TherearesometypesofbusinessesthatdonotneedtoregisterwithACRA,includingcertainindividuals,
professionalsandorganisations.Ifyoubelongtoanyofthese,youwillbeexemptedfromhavingtoregisteryour
business.

FurtherReading
ChoosingABusinessStructure

WhatDoINeedToPrepareBeforeRegistering?
Beforeyoubegintheregistrationprocess,thereareanumberofthingsyouwillneedtocheckorpreparefirstinChecklist(Before
Registering).

WhatVisasOrPassesDoForeignersNeedtoWorkOrSetUpABusinessInSingapore?
ForeignerswhowishtostartanewbusinessinSingaporemustapplyforanEntrePasswhichallowsregisteredentrepreneursandtheir
familiestoliveinSingapore.
BusinessexecutiveswhotravelinandoutofSingaporefrequentlyeithertoattendtobusinessmatters/investmentsorlookfor
businessopportunitiescanapplyfora1,2or5yearMultipleJourneyVisa.

Ifyouwishtohireemployeesfromyourhomecountrytoworkinyournewbusiness,branchofficeorrepresentativeofficer,youwill
needtoapplyforEmploymentPassesandWorkPermits.

WhatHappensAfterIRegisterMyBusiness?

FurtherReading

Onceyouhavesuccessfullyregisteredyourbusiness,therearesomeimportantrulesandregulationsthatyouwill
havetoobserveinthecourseofrunningyourbusiness.

DoINeedToRegisterASingaporeBranch/OfficeOfAForeignCompany?
Yes,youmusthireaprofessionalfirmtoregisteryourSingaporebranchonyourbehalfwithACRA.

ThingsToDoAfterRegistration

FurtherReading
ForeignBusinesses

IfyouaresettingupaRepresentativeOffice(RO)toexplorebusinessopportunitiesinSingaporeortheregion,you
mustregisterwiththeMonetaryAuthorityofSingaporeiftheROisinbankingandinsurance,orwithInternational
EnterpriseSingaporeforallotherindustries.

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Lastupdatedon05Feb2014
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