Looking to set up a Sole-Proprietorship Business?

We are the specialist in Express Singapore Business Registration services. Business registration with us is fast as it just takes around 30 mins for your business registration to be completed! (Subjected to ACRA approval).

Sole proprietorship setup is suitable for individuals who want to start a business in Singapore. Sole Proprietorship firm is under the administration of Business Registration Act Cap 32. It is a simple to register with fewer compliance matters & requirements.

All profits generated from the business belongs to the Sole Proprietor, himself, subjected to personal income tax and the business owner is required to contribute to 6% to 8% of the trade profit declared with Inland Revenue of Singapore as compulsory CPF medisave contribution. Sole Proprietorship registration requires a minimum of 1 manager & 1 owner in the business firm which can be the same person, a Singaporean / Singapore permanent resident of full capacity & 18 years and above.

*Bank account opening is subjected to banks’ approval.

Business Registration Singapore – package for Sole Proprietorship is only @ S$308 and includes the following:

• * Professional Fees for registering the Sole Proprietorship firm
  
• * ACRA Incorporation fee

Total Fees : S$508

Information Required For Business Registration Singapore (Sole Proprietorship):

• 2-3 Proposed Business Names
• Principal Activities Description (Max of 2 activities)
• Location of Registered Office –  Your physical office or A1 Office
  
• Copy of Local Manager cum Owner IC (Identity Card) (Local)

Also read on: Singapore Company Formation