Sat. Apr 20th, 2024

Business News on the Fly

How To Set Up A Private Limited Company In Singapore: The Ultimate Guide

Are you looking to set up private limited Singapore? If so, you have come to the right place! So whether you are a first-time entrepreneur or just looking to set up a new company, this guide is for you!

What should I know about this?

The first step is to choose a business structure. For most businesses in Singapore, the private limited company is the best option as it offers limited liability protection to its shareholders.

Once you have decided on your business structure, the next step is to register your company with the Accounting and Corporate Regulatory Authority (ACRA). This can be done online via BizFile+, and you will need to provide some basic information about your company, such as its name, address, and activities.

After your company has been registered with ACRA, you will need to open a corporate bank account. This can be done at any of the major banks in Singapore, such as DBS, OCBC, or UOB.

The last step is to apply for a business license from the relevant authorities. Depending on your business activities, you may need to apply for a food license, retail license, or another type of permit.

We hope this information has been useful to you.