Articles
Guide to Select the Singapore Company Names
by Leslie S. Professional Content Writer"What is in a name?" is a famous quote by William Shakespeare. It highlights the importance of intrinsic qualities of someone or something over its name or label. However, when it comes to Singapore company incorporation, you have to provide a suitable name.
Name Approval and Reservation With ACRA
The Company Registrar of Singapore, i.e., ACRA, has the right to reject a company name. So, when you choose a company name, you have to ensure its acceptability so as not to delay the formation of your new business.
The Singapore company incorporation process is a 2 staged: Register company name with ACRA and Incorporate a company with ACRA.
Singapore Company Names: ACRA watches out for certain terms in the company name. If it includes “bank”, “finance”, “insurance”, “university”, and “education”, such an application gets referred to higher authorities. It may delay the approval by up to 2 months.
ACRA may also reject your name because it's a similarity to the name of an existing company. You also need to be careful not to choose a phonetically similar name.
The registered filing agents, like SBS Consulting, can assist you in the matter. After hiring them, you need to supply them a list of Singapore company names. Their experts visit the ACRA's BizFile+ website and check the availability of these names. They pay the fees and register the available one for your use.
Key Tips for selecting Singapore Company Names
Our experts advise you to choose a company name that reflects your business' activities. It helps your customer in identifying with you for a particular service or for a service that you specialize in. It helps you in creating a brand image.
ACRA rejects company names for following reasons:
- Undesirable or Vulgar names
- Similar to an existing or reserved Singapore company or business
- Black-listed by the Minister
ACRA can ask you to change the name of your company if someone complains to it within 12 months about the similarity in your and their company names.
Your agent can advise you on the provisions of Companies Rules and Business Registration Rules about Identical Names. They can assist you in choosing a company name in compliance with these rules.
Referral of Business Name Application
Registering the name of your proposed company takes no time as it is done online by visiting the BizFile+ portal. ACRA's fees for company name registration is S$15. It gives you a period of 60 days to register your company. Your agent can extend this period by 60 days by paying additional fees to ACRA.
Sometimes a few of these applications get referred to the Relevant Regulatory Authorities. As stated earlier, the process takes time. If you are in a hurry, a delay you could ruin your plans. It could delay not only the start of your business activities but also the signing of contracts for office space, warehouse, utilities, etc.
So, the best option is to discuss your business needs with your agent as soon as possible and reserve a name for your proposed company. If you are running out of Singapore company names of your choice, you could use a name generator for the purpose. With a registered company name in hand, you can be confident about on-time Singapore company incorporation.
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About Leslie S. 
Professional Content Writer
11 connections, 0 recommendations, 85 honor points.Joined APSense since, July 31st, 2020, From Singapore, Singapore.
Created on Jan 15th 2021 09:17. Viewed 322 times.
