Hello I am a Singaporean,
Am intending to register a business under sole proprietor.
These are the steps that I am going to do :
1) Register my business name under Sole Proprietor in the Bizfile Website : https://www.psi.gov.sg/NASApp/tmf/TMFSe ... E-LOGIN-1B#
Set Up Costs
Fees for approval of business name: S$15 per name.
Registration fees: S$50
Yearly renewal fees: S$20
2) After registering :
- Print your registration number on all letterheads, invoices, bills or other documents used for the purposes of the business.
- Keep your Medisave contributions up-to-date
what else do I have to take note?
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Registering a sole proprietor
- Strong Eagle
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Re: Registering a sole proprietor
if you are hiring: CPF contributions and other levies including SDL and another one (depending on your employee's ethnicity...).Jfcyl wrote:Hello I am a Singaporean,
Am intending to register a business under sole proprietor.
These are the steps that I am going to do :
1) Register my business name under Sole Proprietor in the Bizfile Website : https://www.psi.gov.sg/NASApp/tmf/TMFSe ... E-LOGIN-1B#
Set Up Costs
Fees for approval of business name: S$15 per name.
Registration fees: S$50
Yearly renewal fees: S$20
2) After registering :
- Print your registration number on all letterheads, invoices, bills or other documents used for the purposes of the business.
- Keep your Medisave contributions up-to-date
what else do I have to take note?
a company stamp for an SP is not necessary IIRC - i have one SP and i just cancel out the word STAMP on documents and sign off with "sole-proprietor" under my signature...
make sure you know what your tax implications are so surfing onto IRAS.gov.sg is suggested.
http://licences.business.gov.sg will get you started on almost everything else your trade/profession needs.
Aut viam ad caelum inveniam aut faciam
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- Strong Eagle
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- Posts: 11504
- Joined: Sat, 10 Jul 2004 12:13 am
- Location: Off The Red Dot
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How would what work? If you are a non Singaporean with a valid work pass, you can't set up a new business. If you have a DP, maybe you can set up a business. If you have a PR, you can definitely set up a business.OrchardWarrior wrote:how would this work for a non-Singaporean?
If you are a foreigner with no pass to live in Singapore, you're not going to start a SP.
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