Singapore: How To Start A Business?

To start a business in Singapore, the business must have its name that will be subject to approval before incorporation.

1. Company-type businesses are required to have one resident director who will then appoint a qualified company secretary
2. Before incorporating such businesses, it pays to learn which type of company will work efficiently for your firm

For a business to be incorporated and registered:

1. It should have a minimum paid up capital of $1
2. It also entails having to determine whether the business will be sole-proprietorship, partnership, or a company
3. The business should also have registered residential or commercial address
4. It should also open a corporate bank account

Read More: Starting A Business In Singapore