A good company name is essential for a business to flourish. Businesspeople in Singapore understand that, but sometimes, it may be difficult to come up with a company name.
Even if you come up with a good name, sometimes, it is already taken. In Singapore, a company name should be unique and not too similar to other companies.
How To Check for Company Name Availability in Singapore
Before registering a company in Singapore, the ACRA should approve your company name. The approval is on a case by case basis, and the name can’t be vulgar.
You should make sure that the name of your business doesn’t rip off ideas from other businesses. If so, it may affect your brand. In some cases, even if your name is unique but similar to others, it will be disapproved.
To at least make sure that your name is unique and not already taken, you can use a tool for Singapore company name check.
What Next After Company Name?
Since you are looking for the availability of a company name, you are most probably looking to register a business. If that is the case, the next step is to choose the type of company you want to open.
There is a single owner. The owner makes the profit but has to face the losses. The company isn’t a legal structure.
Partnership is also not a legal entity. Multiple partners run the partnership, and their funds are not protected from the funds of the company.
A company, or a limited liability company is a proper legal entity. There are two types of limited liability companies in Singapore:
Company Limited By Guarantee
The guarantors guarantee a certain amount of money in case the company goes down. It is a popular structure for non-profit and charity organizations.
Company Limited By Shares
The company is divided into various ‘parts,’ or shares, and shareholders can buy the shares. The shareholders can later trade the shares between themselves or sell the shares to the public in case of a public limited company.
Contact a Registration Service Provider
In Singapore, foreigners need to hire a representative to register their company. Furthermore, locals can also contact a registration service provider for assistance regarding registering any type of company in Singapore.
A registration service provider has accounting, bookkeeping, secretarial, legal, and other experts who will register your company in the littlest time. These are the things that they can help you with:
- Company Registration
- Corporate Secretarial
- Accounting and Bookkeeping
- Virtual Office
- Human Resource
- Stamp Seal
- Legal, etc.
What After the Registration of a Company in Singapore?
After a company registration provider guides you through the registration process, they help you to register for the taxes with the IRAS. After that, you can consult their legal experts regarding the special licences and permits you would need to run your company. After all is done, you will be able to operate your company.
How to Check if the Registration is Complete?
Sometimes, you may start your operations before the registration is complete, and it may create legal disputes. Just to be on the safe side, you must always check if your registration has actually been done.
It is very easy to check the status of your registration. You go to the ACRA online directory and look for your company name. For the complete guide, see check company registration singapore.