Guide for choosing the right name for your Singapore Company - PowerPoint PPT Presentation

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Guide for choosing the right name for your Singapore Company

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The name of a company plays a monumental role in a brand's growth and perception, meaning it can completely make or break a company. It is the first thing that is registered in your consumer’s minds and that establishes a brand reputation in the long run. To help you choose the right name for your Singapore company name, here is a guide that will not only help you in understanding the role of a company name in Singapore but it also lists the step-by-step procedure you can use to find a great name for your company’s brand positioning. For more information read this link: – PowerPoint PPT presentation

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Title: Guide for choosing the right name for your Singapore Company


1
Guide for choosing the right name for your
Singapore Company
The name of a company plays a monumental role in
a brand's growth and perception, meaning it can
completely make or break a company. It is the
first thing that is registered in your consumers
minds and that establishes a brand reputation in
the long run. To help you choose the right name
for your Singapore company, here is a guide that
will not only help you in understanding the role
of a company name in Singapore but it also lists
the step-by-step procedure you can use to find a
great name for your companys brand positioning.
2
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3
Importance of Singapore company names
  • In Singapore, getting the approval of your
    company name is a prerequisite before you can
    start your Singapore company registration. This
    means that the process of company incorporation
    in Singapore begins only if the name is approved
    and reserved. If the name that you have selected
    is found to be a duplicate or disqualified, then
    the company incorporation process will be stopped.

4
  • According to Section 27 (1) of the Companies
    Act, except with the consent of the Minister, a
    company shall not be registered by a name if it
    fulfills either one of the following points
  • is undesirable
  • is identical to that of any other company,
    limited liability partnership or corporation, or
    to a business name or
  • is a name of a kind that the Minister has
    directed the Registrar not to accept for
    registration.
  • How do you choose a suitable company name
    then?

5
Pointers for choosing the right Singapore company
name 
  • To help you in choosing the right name for
    your company, here are some points that you must
    bear in mind while you are in the process of
    brainstorming your companys names
  • Make sure that your proposed company name is not
    obscene or includes religious connotations.
  • Make sure that the proposed company name is not
    identical to any registered name of a company,
    corporation, business, partnership, limited
    liability partnership

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  • Make sure that the proposed name is not identical
    to any reserved name as per the Business
    Registration Act 2014, Limited Liability
    Partnership Act or Limited Partnership Act
  • If the name has certain words like bank,
    insurance, university and education, it
    could be subjected to control and regulation by
    the government authorities and will require
    permission before you can proceed to set up a
    company in Singapore.

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  • For private companies in Singapore, the company
    names will be subjected to section 29 of the
    Companies Act which states
  • 1. A private company shall have the word
    Private or Sendirian as part of its name,
    inserted immediately before the word Limited or
    Berhad or, in the case of an unlimited company,
    at the end of its name.

8
  • Usage of abbreviations like Pte. instead of
    Private or Sdn. in place of Sendirian as
    part of the companys name are allowed by law as
    well.
  • 2. has the same meaning as and therefore
    when comparing names the words and and shall
    be considered to be the same.

9
How to check for your company names
availability
  • As there are several laws, guidelines and
    rules that govern which Singapore company name
    can be approved, there are things you can do to
    check the availability of respective name before
    filing the application for approval

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  • Do some research by typing the name that you want
    and see if such a company name already
    exists. Eg. If the proposed name is PC Trading,
    possible ways of checking can be the use of
    variations during your search PC, P C, P.C, P
    and C, etc.
  • 2. Search for similar company names, but in
    different sequence. For example if the proposed
    company name is marketing express, also search
    for express marketing

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  • 3. Search for names with similar
    pronunciations/phonetic sounds and see if it
    conflicts with your proposed name, Pi See, or Pi
    Ci for instance.
  • 4. Search names having nearby words such as PC
    transport and PC transportation search for names
    having similar words such as  PC Traders or PC
    Trade, just to name a few.

12
Getting your name checked by experts
  • As there are so many names that already exist,
    your search for a new company name may be
    subjected to various guidelines and rules in
    place and put through a rigorous process of
    application and approval.

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  • This is where Precursor comes in to help,
    offering free name availability service where you
    not only get to know whether your company name
    can be approved by ACRA, but also receive
    consultancy about choosing alternate names,
    thereby making it easier for you to incorporate a
    company in Singapore efficiently. All that you
    need to do is to tell us your proposed company
    name and our experts will be in action to provide
    all the support that you need.

14
  • For More information visit this link
  • http//precursor.com.sg/guide-choosing-right-name-
    singapore-company/

15
Contact us
  • Precursor Group Pte ltd.
  • Address 60 Albert Street 14-04 OG
  • Albert Complex Singapore
  • (189969)
  • Phone (65) 63365500
  • Email id clients_at_precursor.com.sg
  • Website http//precursor.com.sg

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