If you prefer low initial investment and simplicity in running the business, Business registration in Singapore for Sole-proprietor registration or Partnership registration (at least 2 partners, and less than 20) are two of the better choices.
We specialize in Express Business registration in Singapore services. All it takes is around 30 mins and your business registration is completed.
Persons who wish to carry on business in Singapore must seek registration with Accounting and Corporate Regulatory Authority (ACRA) under the Business Registration Act (Cap. 32).
Sole-proprietor is the simplest form of business ownership, owned by one individual (the sole-proprietor), who is not a bankrupt, may start his own business provided he registers with the Accounting and Corporate Regulatory Authority (ACRA) and he is entitled to all profits of the business and is personally liable, without limit, for all its debts and obligations.
Part 1 - Sole-proprietor Formation in Singapore
This is suitable for individuals who want to do a Business registration in Singapore. Sole-proprietor incorporation is subject to the Business Registration Act Cap 32.
Sole-proprietor formation in Singapore and Sole-proprietor setup in Singapore is a simple process and subjected to less compliance matters & requirements.
Sole proprietor is subject to personal income tax from the business profits.
All profits by the business belong to the sole proprietor and subjected to personal income tax. Sole proprietors are also required to contribute to CPF Medisave (Individual rate between 6-8%).
Part 2 - Partnership Formation in Singapore
Partnership registration and formation in Singapore is suitable for 2 or more persons. Partnership incorporation in Singapore is subject to the Business Registration Act Cap 32 and regulated by the Partnership Act Cap 391.
Partnership incorporation in Singapore is simple to form and subjected to less compliance & requirements.
Partnership is subject to personal income tax from the business profits.
All profits by the business belong to the sole proprietor and Subjected to personal income tax. Sole proprietors are also required to contribute to CPF Medisave (Individual rate between 6-8%).
