How to pick the right name for your Company in Singapore? | Bestar

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How to pick the right name for your Company in
Singapore?
Bestar Services Pte. Ltd
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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• Choosing a business name is the most challenging
  task than the procedure for business
  incorporation and registration. Once you have
  found an appealing and memorable business name,
  and then you find out that ACRA did not approve
  its registration as it is already taken or for
  other reasons.
• Choosing a business name involves extensive
  brainstorming to find a unique and catchy
  business name that perfectly suits your companys
  logo, vision, mission, operations, products, and
  services.
• In this blog, we will walk you through
  considerations for choosing the most suitable
  name for your business that blends exceptionally
  well with your companys identity and vision.
• At Bestar Services, we help businesses pick the
  right company name, which is part of the company
  registration process.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• Steps for Registering Your Company Name
• Once you have decided on your companys future
  business plans direction, the next step is to
  choose a company name that defines your business
  identity for customers to remember your companys
  name.
• Before successfully setting up your company in
  Singapore, you must reserve register your
  companys name with the Accounting and Corporate
  Regulatory Authority of Singapore (ACRA).
• The following are the steps for registering your
  company name in Singapore

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• 1. Register Name
• The first foremost step is registering your
  companys name via Bizfile before business
  incorporation.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• 2. Specify business activity
• After registering your companys name, it is
  necessary to specify your businesss primary
  secondary activities when filling out your
  application. You can refer to the classification
  code to choose the one that corresponds best to
  your business activity.
• You can search for the Singapore Standard
  Industrial Classification (SSIC) code to specify
  your business activity.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• 3. Name reserved
• Once the government agency has approved the
  application for your companys name, the name
  will be reserved for 120 days.
• If you fail to incorporate or register your
  business within 120 days, ACRA will release the
  name, and it will be available to the public to
  pick it for their companys name registration.
• Refer to the ACRA website for more information,
  or contact Bestar Services. We are one of the top
  business incorporation service providers in
  Singapore.
• We will help you through the entire process of
  the Companys Incorporation and Registration in
  Singapore, which involves picking the right
  business name, specifying business activities,
  documentation, and paperwork. Our Business
  Advisory Consultants will guide you through
  choosing the right business name.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• How do I ensure that the company name isnt
  taken?
• There are higher chances that a company name you
  have chosen would have already been taken or
  reserved by someone else. Hence, we recommend
  checking the chosen company names on ACRAs
  Bizfile or via Google search.
• It will show you the list of companies similar to
  your chosen name. You can select the nearest one
  or any other name to ensure it doesnt sound
  identical to the existing businesses name and,
  most importantly, suits your business identity.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• How do I ensure that the company name isnt
  taken?
• You can contact Bestar Services, and our business
  advisory consultant will assist in selecting the
  best unique name for your business through our
  name generator tool.
• Being one of the best business incorporation
  registration service providers in Singapore, we
  provide comprehensive company incorporation and
  registration services in Singapore. We understand
  your business activities, mission, vision,
  service product offerings and help you select
  the perfect name with font style and colour.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• How do I ensure that the company name isnt
  taken?
• ACRA will refuse your application for the
  submitted companys name in the following
  scenarios
• Identical to the existing business name
• If a similar or identical name is already
  reserved for an existing business, ACRA will
  refuse your business name application as ACRA
  doesnt allow registration of two identical
  company names.
• Identical to an already reserved name
• Ensure that the chosen company name isnt
  identical to the one already approved by ACRA but
  not yet fully registered because company
  incorporation is pending.
• In this scenario, if the company incorporation
  isnt done within 120 days, then ACRA will free
  up the name for the public to register, and you
  can select the name then.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• How do I ensure that the company name isnt
  taken?
• 3. Undesirable
• Please ensure the company name you choose is not
  vulgar, offensive, obscene, or hurting religious
  sentiments, as ACRA will reject it.
• Note Singapore is a multi-racial country, and
  the chosen name shouldnt appear offensive to any
  caste, race, or religion.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• How do I ensure that the company name isnt
  taken?
• 4. Prohibited by order of the Minister of Finance
• Please ensure that the name you are selecting is
  not Prohibited by order of the Minister of
  Finance. This includes the word Temasek and
  others that you can check on the ACRA website by
  reading detailed guidelines for name selection
  and their Policy Statement on TREATMENT OF
  BUSINESS NAMES AND NAME COMPLAINT APPLICATIONS.
• We recommend contacting us, and our highly
  qualified and professional business advisory
  consultants will help you select the best name
  for your company, which is not identical to the
  existing business or reserved by a new business,
  and is free from prohibitions.

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How to pick the right name for your Company in
Singapore?
Tax Planning While Being In Singapore

• Examples of Successfully Company Names in
  Singapore
• BreadTalk A Bakery that sells bread
• Scoot An Airline Transportation Company that
  scoots passengers worldwide
• Flextronics A Manufacturing Company selling
  electronic equipment

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How to Start an Online Business in Singapore in 7
Easy Steps
Tax Planning While Being In Singapore
Conclusion

• After reading the blog, you will have firm
  clarity regarding choosing a unique and catchy
  name for your company. Now you know how to check
  and register your company name online. You must
  incorporate your business within 120 days after
  name registration, or you will lose the name.
• If you have any questions regarding company
  incorporation, registration, and name selection,
  feel free to contact us, and we will assist you
  with the entire process.
• Bestar Services is one of the top 10 business
  incorporation registration service providers in
  Singapore. We provide comprehensive business
  services apart from incorporation registration,
  such as accounting bookkeeping services,
  financial statements preparation, payroll
  management, and more.
• You can contact us via email at admin_at_bestar.asia
  or via call at 65 62994730.

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