Easy Set Up for Sole Proprietorship in Singapore
Lanturn simplifies the process of sole proprietorship registration in Singapore. Our team of experts will walk you through every step, ensuring a hassle-free start to your business journey.
A one-stop digital hub for all your corporate and fund administration needs.
>500
clients across APAC
>600
companies incorporated
$250m+
of capital assisted
What is Sole Proprietorship?
What are the requirements for sole proprietorship registration in Singapore?
How can I choose a business name for a sole proprietorship?
What are the ongoing requirements for maintaining a sole proprietorship in Singapore?
What are the steps involved in registering a sole proprietorship in Singapore?
What is Sole Proprietorship?
Sole Proprietorship in Singapore is a business structure where a single individual owns and manages the business. It’s the simplest and most cost-effective structure, if you wish to operate a business as a sole owner, but the owner is personally liable for all business debts and liabilities.
What are the requirements for sole proprietorship registration in Singapore?
- The business owner must be at least 18 years old.
- The business owner must be a Singapore Citizen, Singapore Permanent Resident, or an eligible Employment Pass or Dependant Pass holder.
- The business must have a unique name and a local registered office address in Singapore.
How can I choose a business name for a sole proprietorship?
Choose a name that is unique, memorable, and relevant to your business. Avoid using generic names or names that are similar to existing businesses, you can check to see if it is available by searching for it on the ACRA (Accounting and Corporate Regulatory Authority) website.
What are the ongoing requirements for maintaining a sole proprietorship in Singapore?
To maintain a sole proprietorship in Singapore, you need to renew business licences and permits, file taxes, and ensure compliance with financial reporting and regulatory obligations set by ACRA.
What are the steps involved in registering a sole proprietorship in Singapore?
- Reserve your sole proprietorship name with ACRA.
- Register your sole proprietorship online through BizFile+
- Pay the registration fees.
- Obtain the necessary business licences or permits.
- Open a bank account for your business.
What is Sole Proprietorship?
Sole Proprietorship in Singapore is a business structure where a single individual owns and manages the business. It’s the simplest and most cost-effective structure, if you wish to operate a business as a sole owner, but the owner is personally liable for all business debts and liabilities.
What are the requirements for sole proprietorship registration in Singapore?
- The business owner must be at least 18 years old.
- The business owner must be a Singapore Citizen, Singapore Permanent Resident, or an eligible Employment Pass or Dependant Pass holder.
- The business must have a unique name and a local registered office address in Singapore.
How can I choose a business name for a sole proprietorship?
Choose a name that is unique, memorable, and relevant to your business. Avoid using generic names or names that are similar to existing businesses, you can check to see if it is available by searching for it on the ACRA (Accounting and Corporate Regulatory Authority) website.
What are the ongoing requirements for maintaining a sole proprietorship in Singapore?
To maintain a sole proprietorship in Singapore, you need to renew business licences and permits, file taxes, and ensure compliance with financial reporting and regulatory obligations set by ACRA.
What are the steps involved in registering a sole proprietorship in Singapore?
- Reserve your sole proprietorship name with ACRA.
- Register your sole proprietorship online through BizFile+
- Pay the registration fees.
- Obtain the necessary business licences or permits.
- Open a bank account for your business.
How Can Lanturn Help
At Lanturn, we understand the unique challenges foreign entrepreneurs face when incorporating a company in Singapore. We have specially designed our services to simplify the process, ensure compliance with essential requirements, and provide comprehensive visa support.
Additionally, we offer dedicated immigration services to assist aspiring foreign business owners in finding the best work pass tailored to their specific needs.
Proven Expertise
Client-oriented Support
Total Business Solutions
Lanturn’s Fully Digital Process
1
Consult Experts
Discuss to our incorporation specialists your company’s requirements & details. We will summarise the details and present you with a comprehensive proposal.
2
Lock In
Once the agreement has been finalised, we will provide you with the list of required documents, timeline and process for the company registration.
3
Upload Information
Submit to our Lanturn digital incorporation platform all the information and documents needed.
4
Lanturn Takes Over
Lanturn will file the application with ACRA and keep you updated until registration is successful, so you can sit back and relax.
Our All-in-One Solution
Our comprehensive incorporation package covers everything you need to start your business smoothly, from the basics to advanced compliance. With Lanturn, you get:
- ACRA company lodgement
- ACRA Bizfile
- Standard constitution and registration forms
- AGM
- Annual return
- Up to two resolutions per year
- Includes two advisory calls
Our nominee directors bring experience and knowledge, ensuring your compliance with Singapore’s laws.
Your company requires a local address, and we’ve got you covered.
Ready to take the next step? Start the process today
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Unlock Your Business Potential with Lanturn
Our experts understand the unique challenges and opportunities of being a sole proprietor in Singapore. We’re here to guide you through every step, from registration to business success.