Company Name Eligibility
Want to get your company name to be confirmed on the same day with your Singapore company incoporation ? Paul Hype Page & co is the BEST corporate service provider for your need.
However, you must be eligible to register a Singapore company, which means you must be a citizen or permanent resident or holding an employment pass.
Anyhow, allow us to congratulate you first since you have made a brilliant choice to incorporate your business in Singapore. However, first thing first, what are you going to name your company? Choosing your company name is the first step in a business planning process.
While Singapore has one of the better business and start-up environment in the world, that doesn’t mean that there aren’t any “tricks” registering your company.
The way we look at it, a business name doesn’t only reflect the brand identity, but also an identity of the product you offer, together with the identity of all the shareholder. Your duty is to make sure that your desired company name is made available, and it meets all the requirements.
Here are some important points to consider choosing a name:
- It needs to look good on various platforms
- The company name needs to show positive connotations
- It needs to be unique
- It is not trademarked
- Pick a name that is website friendly, this will help you in the future if you decide to go digital
Singapore Business Name Reservation Process
Name reservation and approval by ACRA
Before you can set up a company in Singapore, Paul Hype Page & Co. will get the company name reserved with the Accounting and Corporate Regulatory Authority (ACRA). As soon as you have reserved the name, the Singapore incorporation has to be done within 3 months of the reservation date.
ACRA will refuse the proposed company name if it is similar, identical of phonetically the same as a company or business that is already registered.
Usage of words such as bank, insurance, university, and education in a company name could be subjected to control and regulation by Government authorities. This will require permission and appeal before you can proceed to set up the company. The appeal process will take 1 to 14 days in general.
Points to consider for name selection
ACRA has highlighted that the following are matters you must consider when selecting a name for your company or business.
The Registrar will reject any proposed company or business name for incorporation, registration or change of name if that name is:
- Identical to a business or company in Singapore
- Identical to a name being reserved by a business or Company in Singapore
- Instructed by the Minister to the Registrar not to accept for registration are trademark registration (e.g. Temasek).
A Registrar has the discretion to direct you to change your company name if anyone lodges a valid complaint within 12 months of your incorporation.
Therefore, we advise our clients to avoid selecting a company names that resemble the name of another.
The Companies (Identical Names) Rules and Business Registration (Identical Names) Rules were enacted pursuant to the s.27(2D) of the Companies Act and s. 11(10) Business Registration Act.
These Rules set out what the Registrar is considered as identical can be found here Companies Act and Business Registration Act.
Check the Name availability
To reduce the risk of complaints being made against you or the name of your company somewhere in the future, conduct a preliminary search for identical or similar names using ACRA system before submitting the name application for official approval. You can also perform a Google search if you have concern someone else is using the similar name.
Singapore Company Registration with Identical Name
If you wish to reserve names that are identical to the names of inactive older companies or businesses, you can do so only after a certain period has passed from the date of their dissolution or cancellation. Section 22 of the Companies (Amendment) Act 2014 states that the Registrar will refuse an identical name of the company if:
- A company that is dissolved, unless 2 years have passed from the date of dissolution following the winding up of the company or 6 years have passed from the date of dissolution following the name of the company being struck off.
- A canceled business name whose registration has also been canceled or business ceased to exist unless 1 year has passed from the date of cancellation/dissolution
- A foreign company name which has given a dissolution notice unless 2 years have passed from the date of dissolution.
- A limited liability partnership name that is dissolved unless 2 years have passed from the date of dissolution in the case of winding up or 6 years have passed after the date of dissolution in the case of its name being struck off the register.
- A limited partnership name that is dissolved or canceled, unless the aforementioned timeline is to be followed by companies who wish to register identical names. The Singapore Companies (Amendment) Act 2014 incorporated several other changes apart from the naming rules.
List of Referral authorities
|Referral Authority||When is referral required|
|Board of Architects (BOA) Singapore
||Subject to the provisions of the Architects Act, no person shall use verbally or otherwise the word “architect” or any of its derivatives in connection with his business designation, or any other words, name or designation that will lead to the belief that the person is an architect unless the person is a registered architect. SSIC Code:
71111 (Architectural services)
|Council for Estate Agencies (CEA)
||Proposed activities involving “Real Estate Agent” or “Real Estate Agency”, and applications for change of name by entities already carrying on real estate agency activities. SSIC Codes:
68201 (Real estate agencies and valuation services)
68209 (Real estate activities on a fee or contract basis nec.)
|International Enterprise Singapore (IE Singapore)||Names and activities involving “Physical Rubber”, ”Commodity futures” e.g. “Rubber trading”, “Commodity brokers”, “Commodity Futures Exchange”, “Commodity / Commodities Exchange”, “Futures brokers”, “Commodity Futures”, “Clearing Exchange / House / House Exchange”.
66124 (Commodity and futures brokers and dealers)
|Ministry of Defence (MINDEF)
(Defence Technology and Resource Office)
|Proposed names containing “Military” or “Defence”.|
|Ministry of Education (MOE) (Private Schools Section)||Establishments functioning as a “school” / “learning centre” / “education centre” / “training centre”, excluding those offering instruction of a “non-academic” nature, e.g. beauty care, dressmaking, cooking, sports, games, driving, recreation-related, etc.Names containing “Academy”, “College”, “Institute”, “Institution”, “University”; and “National”, “Singapore”, will normally be disallowed.
|Ministry of Foreign Affairs
(ASEAN National Secretariat, Singapore)
|Proposed names containing “Association of Southeast Asian Nations” or “ASEAN”.More info on the conditions governing the use of the name “ASEAN” ( PDF file attached)
Please ensure that your application includes information describing how these conditions are satisfied.
|Monetary Authority of Singapore (MAS)
||Proposed names containing the following words:
Applications to register entities whose activities come under the Banking Act (Cap 19), the Finance Companies Act (Cap 108), and the Monetary Authority of Singapore Act (Cap 186). This would include entities which conduct banking business, merchant banking, or finance company business, or carry on the business of issuing credit cards or charge cards in Singapore.
SSIC Codes: 6412, 6413, 6414, 6415, 64922, 64992
The following applications need not be referred to MAS. However, if the applicant intends to engage in any activities that require licensing, registration, or approval by MAS, the requisite license, registration or approval shall be obtained from MAS. The approval of the registration of the entity by ACRA shall not be construed as a reflection on the entity’s suitability to be licensed, registered or approval by MAS.
(A) If proposed names contain the words :
“Futures”, “Futures Broker”, “Futures Trading Adviser”, “Futures Pool Operator”, “Securities”, “Stockbroker”, “Fund manager”, “Fund management”, “Asset management”, “Venture management”, “Insurance” or names which resemble these titles; “Financial”, “Financing”, “Financial Adviser”, “Insurance Broker”, “Reinsurance Broker”, “Assurance”, “Reinsurance”, “Reassurance”, “Insure”, “Insuring”, “Insuritz”.
Applications to register entities whose operations come under the Securities and Futures Act (Cap 289) and the Financial Advisers Act (Cap 110).This would include entities, which engage in the trading of securities or futures contracts, fund management activities, or the provision of financial advisory services.
Applications to register entities whose activities include money-changing and remittance businesses. SSIC Codes: 64993, 64994
Applications to register entities whose operations come under the Insurance Act (Chap 142). This would include entities which conduct insurance/reinsurance business; insurance broker (life & general); any insurance related businesses including insurance adjusters and surveyors acting as insurance agents. SSIC Codes: 6511, 6512, 6520, 6530, 6622, 6629
|Majlis Ugama Islam of Singapore (MUIS)
||Proposed names and activities containing or involving “Islam”, “Muslim”, “Halal” and their derivatives.
Singapore Police Force
Names and activities containing or involving “Law”, “Law Corporation”, “LLC”, “Legal”, “Lawyer(s)”, “Advocate(s)”, “Solicitor(s)” will be referred to the Law Society.Where the activity involves the setting up of a Law Corporation under the Legal Profession Act, the applicant should obtain prior approval from the Law Society. Such company is required to have either the initials “LLC” or the words “Law Corporation” at the end of the applied name, instead of “Pte Ltd”.
Where the activity involves the setting up of a Joint Law Venture under the Legal Profession Act, approval from the Attorney-General’s Chambers is required.
List of regulatory authorities that applicants need to obtain prior approval from before registering with ACRA
|Referral Authority||When is prior approval required|
|Institute of Singapore Chartered Accountants
||Names and activities containing “Accountancy”, “Accounting”, “Audit”, or derivatives thereof are to obtain approval from ISCA.|
|Registry of Co-operative Societies
Names and activities containing “Co-op” or “Co-operative”. Applicant to obtain approval of Registrar of Co-operative Society.
Ministry of Health (MOH)
Names and activities containing “hospital”, “medical clinic/centre”, “dental clinic/centre”, “surgery”, “medical/clinical laboratory”, “healthcare establishment” or any other term or name that implies similarity to these terms. Applicant to obtain approval from MOH.
Singapore Trademark Registration
Be it a Private limited company or a partnership, every legal entity can trademark their company names. It grants them the mark, the statutory right to use and exploit the mark in the jurisdiction of its registration and certain priorities and advantages in registering the trademark in other jurisdictions.
Key Benefits of Trademarking Your Company
- Right to exclusive usage of the mark
- Barring others from copying it
- Benefiting from the increasing market value of the mark
- Branding through mark recognition
- License for commercial use by third parties thus creating a source of revenue
- Quality assurance for your customers
- Up to 400% tax rebates from the Singapore Government under the Productivity and Innovation Credit Scheme to offset the incurred cost for registering your trademark.
A registered trademark is valid only for 10 years from the date of application. It can be renewed indefinitely for 10 years at one time by paying the applicable renewal fee.