Singapore registered company, under what circumstances need special approval?
Set up a company in Singapore, the company name is relatively free to choose, you can have a country name, you can also have a regional name, or you can have a group name. The name may be drawn for a second approval. The approval time for a name usually ranges from 3 days to 3 weeks or a month.
Of course, the registered company must first have the name of the company. To register or change the company name in Singapore is subject to a series of procedures. If the company name contains certain keywords, it is necessary to submit the application to the corresponding Singapore institution.
First, the Singapore Accounting and Enterprise Authority only recognizes the company’s English name or Pinyin. So what kind of common keywords need special approval when submitting a Singapore company name application? Let’s take a look together!
Board of Architects According to the Singapore Architects Act, no one may use the “architect” or any derivative term related to his business design, either orally or in writing, to mislead others into believing that the person is an approved building designer unless the person is a registered architect.
When the business of the Property for Estate Agencies in Singapore involves “real estate agents”, the application for the name of the company requires the approval of the Singapore Real Estate Agency, when the company that has already carried out the real estate agency application applies for the change of the company name. It also needs its approval.
If the name involved in “physical rubber”, “commodity futures” and other names such as “rubber trade”, “commodity broker”, “commodity futures exchange”, “Commodity Exchange”, “Futures Broker”, “Commodity Futures”, then the approval of the Singapore Enterprise Development Agency IE SINGAPORE is required.
When the Singapore company to be registered with the Majlis Ugama Islam of Singapore contain or refer to the names and operations of “Islam”, “Muslim”, “Halal” and its derivatives, the company name needs approval from the Singapore Islamic Council.
The Singapore Ministry of Defence requires the Singapore Ministry of Defence for approval when the name of the Singapore company to be registered contains “military” or “defense”.
Approval from Singapore Ministry of Education is needed, when the Singapore company to be registered as a “school”, “learning center”, “education center”, “training center” institutions.
If the name of the company to be registered includes the words “ASEAN” , it needs to be approved by the Singapore Ministry of Foreign Affairs.
The application for the Singapore company name to be registered by the Ministry of Law of Singapore will be submitted to the Singapore Ministry of Justice for approval.
- Business content related to lawyer services
- Legally related words or acronyms such as “law”, “lawyer”, “lawyers association”, “advocate”, “legal company” or “LLC”.
The name of the Singapore company to be registered by the Monetary Authority of Singapore includes the following words:
- “Bank” and its derivatives
- “Finance” or “Financial Company”
- Names such as “futures exchange”, “clearing house” and “stock exchange” may give the name of the impression that the applicant is a securities or futures exchange or clearing house, and need to be approved by the Monetary Authority of Singapore.
The Singapore company to be registered by the Singapore Police Force will carry out operations related to weapons, explosives and ammunition and will be subject to approval by the Singapore Police Force.
The Singaporean company to be registered with the Singapore Tourism Board wants to use the Merlion symbol or name and needs approval from the Singapore Tourism Board.
The following situations must be approved by the corresponding agency before submitting an application to the Singapore Accounting and Enterprise Administration:
The Singapore Company to be registered by the Institute of Singapore Chartered Accountants contains “accounting”, and the name and business of the “audit” or its derivatives need to be approved by the Singapore Accountants Association.
The Singapore company to be registered by the Ministry of Health includes “hospitals”, “medical clinics, centres”, “dental clinics, centres”, “surgery”, “medical, clinical laboratories”, “medical institutions” or any Other terms or names that are similar to these terms need to be approved by the Ministry of Health of Singapore.
Singapore’s Registration of Co-operative Societies to be registered in Singapore with the name and business of the “cooperation” need to be approved by the Singapore Cooperative Registration Authority.