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All companies in Singapore must have their business or company name approved by the Singapore\u2019s Accounting and Corporate Regulatory Authority (ACRA<\/a>). This guide is meant to highlight the importance of a company name check in Singapore<\/a> and why you should do it.<\/p>\n<\/p>\n
Your Business Name May Gets Rejected<\/h3>\n
ACRA may reject the proposed name of your business or company if it violates any of the following:<\/p>\n
- \n
- Your business name is identical to an existing registered business.<\/li>\n
- Your business name is identical to a name already reserved with ACRA.<\/li>\n
- The name is undesirable i.e.: vulgar, offensive or obscene.<\/li>\n
- The name is prohibited by order of the Minister for Finance such as having unacceptable words.<\/li>\n
- The name is suggestive or could be misleadingly linked to a government authority (such as having names with the word \u201cTemasek\u201d)<\/em><\/li>\n<\/ul>\n
With effect from 13 Jan 2003, applications for proposed company or business names for registration, company incorporation<\/a> or change of name must be submitted on line via BizFile<\/a>. As per the Companies (Amendment) Act 2002 and Business Registration (Amendment) Act 2002, ACRA will only reject a proposed company or business name which are as mentioned above.<\/p>\n
Therefore, a company name check is important, because if your business name is identical to an existing company\u2019s name, the existing company can file a complaint against you. They could also petition to ACRA to have your company or business name changed. To save yourself from that risk hassle, always do a company or business name check prior to incorporation or registration of the business.<\/p>\n
Singapore company names which include any of the following terms will need to be referred to and acquire approval from the relevant authorities:<\/p>\n
- \n
- Bank<\/li>\n
- Finance<\/li>\n
- Financial institution<\/li>\n
- Military<\/li>\n
- Institution<\/li>\n
- Academy<\/li>\n
- Clearing house<\/li>\n
- Architect<\/li>\n<\/ul>\n
No longer checks if a proposed business name closely resembles that of another existing company.<\/p>\n
A company name that is held in reserve by ACRA will only be held for 120 days.<\/p>\n
Instances where your chosen business name may be considered identical are:<\/p>\n
- \n
- If the first word in your business name begins with \u201cThe\u201d<\/em><\/li>\n
- If \u201cPrivate\u201d, \u201cSendirian\u201d, \u201cPte\u201d, \u201cSdn\u201d, \u201cBerhad\u201d, \u201cLimited\u201d or \u201cLtd\u201d <\/em>appear at the end of the name.<\/li>\n
- You\u2019re using the plural version of the name.<\/li>\n
- Similarities are detected between the type of letters, spacing, and punctuation.<\/li>\n
- The following words appear at the end of your business name:\n
- \n
- Company<\/li>\n
- Corporation<\/li>\n
- And company<\/li>\n
- South East Asia<\/li>\n
- Worldwide<\/li>\n
- Asia<\/li>\n
- Asia Pacific<\/li>\n
- Incorporated<\/li>\n
- International<\/li>\n
- South Asia<\/li>\n
- Singapore<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
<\/p>\n
Getting Your Company Name Check with 3E Accounting<\/h3>\n
- If \u201cPrivate\u201d, \u201cSendirian\u201d, \u201cPte\u201d, \u201cSdn\u201d, \u201cBerhad\u201d, \u201cLimited\u201d or \u201cLtd\u201d <\/em>appear at the end of the name.<\/li>\n
- If the first word in your business name begins with \u201cThe\u201d<\/em><\/li>\n