Restriction of Name and Activities

Restriction of Name and Activities

Registration of the following names is prohibited under the Companies Act:

(a) Identical to another.
(b) Undesirable, or
(c) Of a kind the Minster has directed the Registrar not to accept.

Virtually no restrictions are placed on the type of business which may be carried on in Singapore but all businesses must be registered with ACRA, on in the case of a Representative Office, with the Trade Development Board. There are no restrictions to the business entity being 100% foreign owned.

Certain businesses will also be required to apply for special licences from the Government (e.g. Banks, finance, insurance and stock and shares brokering companies) Similarly, businesses which intend to manufacture certain goods must consult with the Economic Development Board before doing so.