Thursday, May 26, 2011

how an individual start business in singapore


Any individual can start business in Singapore .before starting business in Singapore he must and should register under regulation acts i.e. business act or company act
If any person starts his business with sole proprietorship he should register under business registration act. And even partnerships also register under business regulation act
Maximum 20 persons may operate a business as partnership. Before registering concern name should be proposed for registration. in partnership partner name or partner names should be proposed for registration
If any person is willing to start company in Singapore he should register in Singapore under companies act.
In Singapore 3 types of companies are their
1.      private limited companies
2.      public companies
3.      foreign companies
In additional anyone want to establish representative office for main company in Singapore they should take approval for establishment for representative of from trade development board
In Singapore for incorporating company they should propose a name for company. the have to obtained approval for proposed name. Proposed name includes trade mar and patent name.
If any name is already existed unconditional written letter should necessary for registration from concern company owner. Or there is another option they have to choose another name for company

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