You can register a business name through IzIle+ for $15. You must register a company if you are engaged in a gainful activity on an ongoing basis, unless you are exempt from doing so (see below). The minimum age for registration is 18 years. If you decide to start a business or form a limited liability company (rather than registering a sole proprietorship or partnership), your personal and business finances will be separated. This means that your personal responsibilities are limited, that is, if the business is sued, you do not run the risk of losing your personal assets. Once you have chosen a name for your company or company, you need to check if the name has already been registered through BizFile+. The proposed name cannot be the same as a name registered by existing companies. Note: If you want to add descriptive words before or after your name (for example, Tan Mei Ling flowers), you need to register the company. The directors of the company and its members have free access to all company records (with the exception of the commercial register/company documents).
To request a fee waiver, you must log in to BizFile+ with SingPass/CorpPass and purchase these records from the ACRA iShop. Notice to the Registrar pursuant to § 21 concerning the change in the number of shares held by subsidiaries of the holding company (PDF, 258KB) This electronic report contains a chronological list of the various applications submitted by a company or company since its registration. It contains the data and descriptions of the filings such as annual declarations, articles of association and articles of association, change of directors of the company. This electronic report shows members associated with a non-formally exempt private corporation incorporated under the Companies Act. Details such as member name, shareholder information, award date, share type, etc. are included. A copy of your corporation`s articles of incorporation must be submitted when you apply to start a business. If you do not wish to create your own constitution, you can adopt the model constitution below. Once your name request is approved, we reserve the name for 120 days. If you do not register the company or create the company within this period, the reservation will expire and the name will be communicated to everyone. In the BizFile+ portal, type your suggested company name in the search bar at the top of the page and click the Search button. If the company name is already registered, please consider other names or add words to distinguish your proposed name from the registered entity.
However, some of the words listed in Table A are not considered sufficiently different. These words are not taken into account in assessing whether a name is identical to another AIDA registered company. Table A: List of words not included in the evaluation of identical names The SSIC refers to the national standard developed by the Singapore Department of Statistics (DOS) to classify all registered enterprises in their respective industries according to their main economic activity. This electronic report shows the directors associated with a company. Details such as director name, appointment date, termination date are included. This is available to all businesses. In general, all companies must register for BizFile+. However, some business owners may not be required to do so because they are exempt from registration. As of January 3, 2016, the Registrar shall maintain and maintain an electronic register of members (EROM) of that corporation for each private enterprise, containing the information communicated to the Registrar as of that date. Each entry in EROM is prima facie proof of the veracity of all matters ordered or permitted by law in EROM. A private company is required to provide the Registrar with the information to be entered into the EROM.
Therefore, please note that the EROM may contain no or only part of the information until the company provides complete information to the Registrar. Please contact the company directly if you would like to access its existing register and the historical information stored there. Some business activities may require your business to apply for additional licenses or permits after registration before you can start your business. Learn more about GoBusiness for licensing and approvals. Registering a business with AIDA has several advantages, such as: Here are some examples of applications for identical names that are rejected. [Consideration of notification of matters to be submitted to the trustee or official liquidator]. The complete list of exceptions can be found in section 4 of the Business Names Registration Act. Read our privacy policy on company names and name complaints.
If you are interested in applying for charitable status, visit the Charities Portal for more information on naming criteria and other guidelines. Watch a video summary of choosing a business or business name For officially exempt private corporations, only directors, CEOs, secretaries, auditors and members have access to the ROM. You should also avoid choosing names that are undesirable (i.e. vulgar, obscene or offensive) or that sound like government agencies or are protected by law. For example, names containing “Temasek” are not available for registration. Some name requests may be forwarded to the reference authorities for approval (for example, if the name of the company you are proposing includes the word “school”, it may be referred to the Ministry of Education). The processing time for returned applications can be 14 to 60 days. Note: Forms that do not need to be submitted to AIDA.
Please note that some forms still need to be submitted to the official receiver or other parties. [Consideration of notice of participation submitted to the meeting of creditors] Watch a video summary on the topic Do I need to register my business? As part of the naming request, you must specify your company`s primary and secondary activities by selecting the most relevant Singapore Standard Industrial Classification (SSIC) code that corresponds to your intended activity.