Registering a sole proprietorship in Singapore is a straightforward and cost-effective way for individuals to start a business. To begin, the applicant must be at least 18 years old and either a Singapore citizen, permanent resident, or eligible foreign individual with the necessary work passes and approvals. The first step is to choose and reserve a business name through ACRA’s BizFile+ portal, ensuring the name is unique and not already in use or prohibited.

Next, you must provide a valid local business address in Singapore—P.O. Boxes are not accepted. If you plan to operate from home, approval under the HDB or URA Home Office Scheme may be required. All registration is done online via BizFile+, and a Singpass is necessary for login and submission. The applicant must also submit a declaration of compliance, confirming that all information is accurate and that they meet the legal requirements to register a business.

Finally, a registration fee must be paid—typically S$115 for a one-year registration or S$175 for three years. Once approved, the sole proprietorship can begin operations.

Conclusion:

By following this checklist, individuals can efficiently complete their sole proprietorship registration in Singapore and start their business journey with minimal red tape.