9 Key Requirements to Start a Company in Singapore - Part #1
Thinking of starting a company in Singapore as a foreign entrepreneur? In this video, we break down the first three requirements you must prepare before you can incorporate. You will learn how Singpass works, why foreigners need a filing agent, how to secure an approved company name with ACRA, and which company type makes sense for your goals.
If you are planning to start a company in Singapore as a foreign entrepreneur, you would quickly realise there are several legal and administrative requirements you must meet before incorporation can move forward.
In this first video of a three-part series, we walk through the first three key requirements involved in setting up a company in Singapore. These include how foreign founders register their company through ACRA, the rules for getting a company name approved, and the key differences between the main business structures available.
Understanding these early steps can help you avoid delays and choose the right setup from the start. In the next video, we will cover the remaining requirements needed to complete the incorporation process.
Key Takeaways:
- Why foreign entrepreneurs typically need a registered filing agent instead of SingPass
- What ACRA checks when approving a company name in Singapore
- The cost and timeline for reserving a company name
- Why some business names require additional regulatory approval
- The key differences between a sole proprietorship and a private limited company
- Why most founders choose a private limited company when planning to scale
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