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Registering A Business In Singapore: Do It Yourself Or Hire A Professional?

By Expert Author: Abite Smith

When a business decides to go global and expand into a foreign country like Singapore, it must first register as a business in that country. Company formation in Singapore is a straightforward process that can be accomplished by simply providing the appropriate documentation and completing the right paperwork. In some instances, businesses complete this process itself while in other cases they allow an attorney or third party business registry service to perform this service for them. If you do plan to go it alone, here are a few tips to help you through the process: Step one includes downloading and reviewing the start up guide registration checklist provided by the Singapore government via Enterprise One. This is an online system that serves as a repository for the reference documents you need to get your business registered. This particular document will provide you with a list of rules and regulations you will need to adhere to in order to qualify for registration. In addition, companies can find more information regarding naming your business, choosing an SSIC code, how to find a suitable location, what licenses and permits are required and how to apply for them and the pros and cons of registering your business yourself rather than allowing an attorney or third party registration company do it for you. It is imperative to your success to review each item on the checklist and complete it before attempting to register your business. Determine what the legal structure of your business looks like. Sole proprietoryships, partnerships, and LLCs can all be registered by an individual. Corporations, on the other hand, are required to be registered by a lawyer in Singapore. After you determine your eligibility, it's important to register for a SingPass account. This account enables you to register your business online. Next, access the BizFile website and begin the registration process. The system will walk you through how to register your company much like TurboTax does. The process will take you about 45 minutes to complete. You will also be required to pay your registration fee during this process. The amount of this fee will be dependent on the type and size of the business you are registering and will range anywhere from $50 to $600 plus a $15 fee to secure the business name. Of course, rather than tackling Singapore company registration yourself, you can always hire a professional to register your business for you. The professionals at JJ and E have years of experience registering businesses in Singapore and can have your business registered in no time, regardless of the business structure and size of your business. They offer straightforward services at a reasonable cost with no hidden fees. In addition to business registration services, they offer a host of other solutions to help you get your new Singapore business off the ground including website development, print services, virtual office services and more. For more information regarding the services JJ and E provides or how to schedule an appointment, please visit http://www.jje.sg or call 65-62252028.

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