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Sole Proprietorship

A sole proprietorship is a business owned by a single individual or another registered entity. It is the easiest form of business to set up.

Features:

  • the easiest form of business structure
  • no separate entity from its owner
  • cheap and quick to set up
  • fewer regulatory requirement
  • difficult to attract funding from investor and creditors for expansion

Our Sole Proprietorship Workflow

  • Procedure
  • Required Documents
  • Select Packages / Services
  • Payment

Procedure

1

Fill in pre-incorporation form online

2

To receive the packages recommended by us

3

Select package & make payment

4

To review and sign the documents

5

Incorporation with ACRA by us

Required Documents

Documents List

  • Pre-incorporation form
  • Copy of Singapore ID for the owner or passport
  • Proof of local residential address of sole-proprietor
  • Local business address for the proposed business

Requirement

  • Let us know your proposed business name, registered office address, brief description of business activity.
  • A true copy of NRIC/passport is required to be presented for verification.
  • Ensure passport validity not less than 6 months.

Note: More documents might be required from you in case by case basis.

Related Regulations

  • Eligibility – Any natural person whose age is 18 years and above can register a sole proprietorship. A Singapore registered company is also eligible to register a sole proprietorship.
  • Address – A local Singapore physical address must be registered. Resident individuals in Singapore can use their residential address as registered office address after getting approval from relevant authority.
  • Taxation – Chargeable profits are treated as personal incomes of the owner and are subjected to personal income tax rate in the case of individual owners and corporate tax rates in the case of companies.

Select Packages / Services

INCORPORATION - Sole Proprietorship (Package)

S$300
  • Incorporation of sole proprietorship

Payment Method

Paypal

Credit Card / Debit Card

Cheque

Internet Banking

and more …

FIND OUT MORE ABOUT PRICING

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