Singapore Company Name Registration
One most important aspect of a business is its business name. This is the reason why businessmen devote lots of time in choosing the name for their businesses. Once you have an appropriate name for your business, the next step will be to register. Many people know the importance of registering the business name but lack information on how the whole process should be conducted.
You first need to keep in mind that the process of registering business name varies with countries and states. So the following will just be a guide for you to get you started.
Most states require a unique business name. A counter-check with the database will be done in order to make sure that no corporation or business has already registered your chosen name. Once your name has been verified, you may be required to deposit the business cash capital in a given bank. After a designated period of time, the bank should give you a certificate.
Most states would have set up a commission that will deal with business name registration. It is not difficult to look for such commission as information about this is provided in the Internet. You shall get some legal forms from the commission before you are allowed to get different signatories to your business account.
One important thing to note is that if you are investing in a foreign country, the ownership is limited and there are slots in the board of directors that are preserved for the natives of the country you are registering you business in. Before you can be allowed to register your business name, you must meet these requirements first.
After you successfully register business name, it would be time now to get your business permit. At his stage, you may be required some fees depending on what state you are in. The type and size of business will also determine how much you will pay for the permit. Usually, this is already the final step before you can finally and start your business.
In Singapore, it is important to choose a unique name when forming a Singapore company since Accounting and Corporate Regulatory Authority (ACRA) stipulated that no two companies registered should have the same name.
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