So, you wish to open a restaurant in well developed place like Singapore. Well, it’s certainly a great idea. But, you should consider several important facts. First and foremost, authorization of the name of your restaurant is compulsory. You are advised to choose three appropriate names of your business and submit them with the Singapore foreign affairs office.
Out of the three names, one that doesn’t exist anywhere is entitled to get a full authorization for using it in an appropriate manner. The entire process of opening a restaurant in Singapore tends to be completed within two days. Once you become successful in getting an authorized name for your business, then you must now decide upon your final business structure.
In this process, you will get numerous options such as person’s corporations, corporation, etc. As far as taxation is concerned, your restaurant tends to be taxed in accordance to your business structure. Therefore, you are suggested to read the tax implications for your each business structure even before choosing the final one for your establishment.
After this, you must be able to choose a notary public who will perform the task of notarizing it at the concerned department. Once you do it successfully, your next step is now to register your business at the public registry of commerce.
This post originally appeared at: http://goo.gl/53M69P
Out of the three names, one that doesn’t exist anywhere is entitled to get a full authorization for using it in an appropriate manner. The entire process of opening a restaurant in Singapore tends to be completed within two days. Once you become successful in getting an authorized name for your business, then you must now decide upon your final business structure.
In this process, you will get numerous options such as person’s corporations, corporation, etc. As far as taxation is concerned, your restaurant tends to be taxed in accordance to your business structure. Therefore, you are suggested to read the tax implications for your each business structure even before choosing the final one for your establishment.
After this, you must be able to choose a notary public who will perform the task of notarizing it at the concerned department. Once you do it successfully, your next step is now to register your business at the public registry of commerce.
This post originally appeared at: http://goo.gl/53M69P
