How to Register a Business in Singapore (2025) – Franchise & Startup Guide

Singapore consistently ranks as a global leader in ease of doing business, making it an attractive destination for entrepreneurs worldwide. Whether you are launching a brand-new startup or venturing into the structured world of franchising, understanding the business registration process in Singapore is your first crucial step. This guide provides a comprehensive overview of registering a business in Singapore in 2025, with specific insights for both franchise owners and startup founders, ensuring ACRA compliance and setting a strong foundation for your venture.

Singapore’s Business Registration Landscape

Singapore’s pro-business ecosystem is renowned for its efficiency and transparency, consistently earning the top spot globally for ease of doing business. The process is streamlined and primarily managed online through the Accounting and Corporate Regulatory Authority (ACRA) for those looking to register a business in Singapore. This efficient system supports diverse business models, including the increasingly popular franchise model, offering a clear pathway to franchise registration in Singapore. 

Understanding ACRA compliance 2025 standards is essential for all businesses operating in Singapore, and this guide will provide key insights into navigating these regulations effectively. 

Steps to Register Your Business

The process of registering a business in Singapore involves several key steps, each requiring careful attention to detail.

1. Choose a Business Structure
Selecting the right business structure is fundamental as it impacts liability, taxation, and operational aspects. Common business structures in Singapore include:

• Sole Proprietorship: Simple to set up but offers unlimited liability to the owner.
• Partnership: Suitable for businesses with multiple owners and unlimited liability for partners.
• Private Limited Company (LLC): Also known as a Private Limited Company or Pte Ltd, this structure is favored for its limited liability protection, separating personal assets from business debts.
   

2. Reserve a Business Name
Before proceeding with registration, you must reserve a unique business name.

• Utilize ACRA’s BizFile+ portal, the online platform for business registration, to check the availability of your desired business name.
• Ensure your chosen name does not conflict with existing trademarks or contain any restricted terms as outlined by ACRA.
   

3. Prepare Required Documents
Accurate and complete documentation is essential for a smooth registration process. Typical documents required include:

• Company Constitution (Articles of Association): This document outlines the rules governing your company's internal management.
• Shareholder and Director Details: Provide complete information for all shareholders and directors. Note that at least one director must be a local resident of Singapore.
• Registered Office Address: You must provide a physical office address located in Singapore. P.O. boxes are not permitted.
   

4. Submit to ACRA
Once you have prepared all the necessary documents, you can proceed with online submission.

• File your application electronically through ACRA’s BizFile+ portal.
• Standard fees apply: S$15 for name reservation and S$300 for business registration.
   

5. Post-Registration Compliance
Registration is just the beginning. Ongoing ACRA compliance 2025 requirements must be adhered to.

• Appoint a Company Secretary: Within six months of incorporation, you must appoint a qualified company secretary.
• GST Registration: If your annual revenue is expected to exceed or already surpasses S$1 million, you must register for Goods and Services Tax (GST) with the Inland Revenue Authority of Singapore (IRAS).
   

Franchise-Specific Requirements for Registration

While the core business registration process remains the same, franchises have additional considerations:

• Franchise Agreement: A comprehensive franchise agreement is the cornerstone of your franchise operation. This legally binding document outlines the rights and responsibilities of both franchisor and franchisee, including franchise fees, operational terms, and territorial rights. While Singapore does not have any franchise laws, FLA (Singapore) provides ethical guidelines that are widely respected and followed within the industry. Learn more about the ethical standards.
• Disclosure: Thoroughly review the franchisor's Franchise Disclosure Document (FDD). The FDD contains critical information about the franchise system, including financial performance, operational obligations, and any potential legal or financial risks.
• Licensing: Depending on the nature of your franchise, sector-specific licenses and permits may be necessary. For example, F&B franchises typically require a license for a Singapore Food Agency (SFA) to operate legally.
   

Why Choose a Franchise?

For many entrepreneurs, franchising offers a compelling alternative to starting a business from scratch. Key benefits include:

• Brand Recognition: Leverage a proven franchise system's established brand name and reputation.
• Training and Support: Franchisors provide comprehensive training and ongoing operational support, reducing the learning curve for new business owners. Enhance your franchise knowledge and skills with specialized franchise courses offered by FLA (Singapore).
• Lower Startup Risks: Franchises operate on tested business models, typically resulting in lower failure rates than independent startups.
• Emerging Trends: Franchise models adapt to future trends, with tech-driven franchises incorporating AI for inventory management and sustainable franchises aligning with growing environmental consciousness.
   

Common Challenges & Solutions

While Singapore offers a conducive business environment, entrepreneurs may encounter challenges:

• Competition: Singapore is a competitive market. Securing prime locations early in the business registration process and developing a strong value proposition are crucial.
• Compliance: Navigating ACRA compliance 2025 and sector-specific licensing can be complex. 
   

FAQs

• Q: Can foreigners register a business in Singapore?
  • A: Yes, foreigners can register a business in Singapore. However, it is generally required to appoint at least one local director (a Singapore Citizen, Permanent Resident, or Employment Pass holder) and engage a registered agent to facilitate the registration process.
• Q: How long does the registration process typically take?
  • A: If all required documents are complete and in order, the business registration process with ACRA typically takes 1-3 working days. Name reservation is usually processed within the same day.
     

Registering a business in Singapore is straightforward when you are well-prepared and understand the necessary steps. Whether you choose the startup route or opt for franchise registration in Singapore, adhering to ACRA compliance 2025 standards and seeking expert guidance when needed will set you on the path to entrepreneurial success in Singapore's vibrant economy.