Before Opening A Company In Singapore
1. Decide your business type
Basically, Singapore has four legal entities which establishments can register under. Among these vehicles, the Private Limited Company yields the most profitability, due to Singapore’s huge potential.
2. Name your business
No matter what kind of business you are running, deciding a business name for Singapore company formation is an important step in the business planning process. As it is part of your company’s branding, you need to ensure that it is properly registered and approved before Singapore incorporation. In general, new company names are approved or rejected within instantly. An approved name will be reserved for 4 months from the date of application for Singapore company formation.