You may have the concept of your home business down pat, but there are a few things you’ll need to do to make it official.
Trying to get your own gig up and running from home? You go, girl! But first things first: depending on the type of business, you’ll need to register with a government body or three, including Accounting and Corporate Regulatory Authority (ACRA), the national regulator of businesses in Singapore; and possibly HDB, since you’re operating out of your pad. Overwhelmed? Don’t be, just read on.
Register Your Business
Step 1: Figure out which business structure you have
There are many types, so choose the one that applies to your business. The full list is on the ACRA website (acra. gov.sg), but these are the main ones:
Sole-proprietorship: a business owned by one person.
Partnership: a business with two to 20 partners.
Company: a business with at least one director and shareholder.
Step 2: Decide on a name for your business
To avoid rejection or delays, don’t choose an offensive name or one that’s similar to other businesses. You can check existing business names by using the directory search on the ACRA website.
Step 3: Register via BizFile
BizFile (bizfile.gov.sg) is ACRA’s online filing and information system. You’ll need your SingPass ID to log in. Registration takes about 15 minutes. However, if your type of business requires approval from other government agencies (for example, you’ll need approval from the Ministry of Education if want to run a tuition centre), it may take between 14 days and two months to get your application processed.
If you get lost, an e-guide is available at the website to guide you.
Step 4: Get your UEN
This story is from the April 2018 edition of CLEO Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 2018 edition of CLEO Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Staying Clean
Go green! Here, find out about Lush’s non-stop mission for sustainability and reducing impacts on the environment.
#ASK Team CLEO
Add these to your cart ASAP, so that you get your skin sorted from A to Z.
Pastel Goth
Wanna stand out from the typical blush toned lipstick crowd?
What Eco Beauty Means In The Biz
This is just the vegan-ning. We break down what’s what, and why you need to be a convert for your skin’s sake.
Power To Your Flower
Skincare for down there? Believe there is — as we roadtested TWO L(I)PS products that were created for the skin in our bikini area.
Stephanie Poetri Talks Career And Life After Going Viral
The internet can and will make you famous. Here's how Stephanie Poetri Made her hit song in just two hours.
The Fame Game
With so many celeb beauty lines in the market (and underway), do we honestly need them all?
Try A Plant Based Cleanse So That You Know What You're In For
Think you want to turn plant-based? #TeamCLEO took on a seven-day cleanse and this is how it went.
She's All That
To all the films we fell in love with! #TeamCLEO caught up with Lana Condor for the newest To All the Boys: P.S. I Still Love You.
Women, Power!
Time to tune in to some empowered women characters. On your watch list: The Witcher and Sex Education which are both on Netflix.
