About Business Registration Law in Bishan, Singapore
Business Registration in Bishan, Singapore adheres to the legalities enforced by the Accounting and Corporate Regulatory Authority (ACRA). Businesses are required to be registered under either Sole Proprietorship, Partnership, or Company. Compliance with these laws and subsequent regulations is crucial for businesses to operate legally in Singapore.
Why You May Need a Lawyer
Legal help for Business Registration in Bishan may be required for several reasons including:
- Understanding the legal complexities concerning the proper business structure for your business
- Ensuring legal compliance with local and national registration requirements
- Handling any disputes that arise during the registration process
- Navigating through any potential issues with intellectual property, contracts, or business laws.
Local Laws Overview
Local laws relevant to Business Registration in Bishan, Singapore include the Companies Act, the Business Names Registration Act 2014, and the Limited Liability Partnerships Act. These laws specify requirements related to company structure, liability of members, registered business address, appointment of directors and key persons, shareholding structure, and business name registration.
Frequently Asked Questions
1. What is the process of business registration in Bishan, Singapore?
The process involves applying through BizFile+'s online portal handled by ACRA, adhering to the guidelines specified, and submitting necessary documentation.
2. Can a foreigner register a business in Bishan, Singapore?
Yes, foreigners can register a business in Singapore but they are required to hire a local director in their company.
3. What is the cost of registering a business in Bishan, Singapore?
The cost varies depending on the nature of the business and the specific company structure but typically ranges from S$15 to S$300.
4. How long does it take to register a business in Bishan, Singapore?
The registration process can typically be completed within a few hours if all necessary documents are prepared and submitted in a timely manner.
5. What are the key regulations I should be aware of?
Key regulations include compliance with the Companies Act, fulfilling local director and registered address requirements, and ensuring the business name isn't offensive or already taken.
Additional Resources
The following governmental bodies can provide further useful information:
- Accounting and Corporate Regulatory Authority (ACRA)
- Ministry of Law, Singapore
- Enterprise Singapore
Next Steps
If you require legal assistance with Business Registration in Bishan, Singapore, consider seeking advice from a legal professional specializing in Business Law. They can guide you through the registration process, ensure legal compliance, and help navigate any potential disputes or problems.
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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