Whether you’re planning to start a business to fulfil your entrepreneurial dreams or are going down the self-employment route due to unforeseen circumstances, you can take heart that Singapore is one of the easiest places in the world to start a business. This article will guide you through the administrative steps you need to take to set up your business properly.
The first step to setting up a business in Singapore is deciding on the business structure: sole proprietorship, partnership, limited liability partnership, limited partnership or company. All businesses then have to be registered with the Accounting and Corporate Regulatory Authority (ACRA). Finally, businesses will have to follow certain procedures once registration is complete.