Starting a sole proprietorship in Singapore requires following a series of essential steps to ensure compliance with local regulations. First, choose a unique business name that reflects your enterprise and adheres to the naming guidelines set by the Accounting and Corporate Regulatory Authority (ACRA). Next, check the name's availability using the ACRA online portal to ensure it is not similar to existing entities.

Prepare the necessary documents, including your identification (NRIC for Singaporeans or Employment Pass for foreigners) and any relevant licenses specific to your business activities. Once ready, register your business online through the BizFile+ portal, providing all required details such as your business name, nature of business, and personal information. After submission, pay the applicable registration fees, which typically range from SGD 15 to SGD 50.

Depending on your business type, you may also need to obtain additional licenses or permits from relevant authorities. Finally, after successful registration of a sole proprietorship in Singapore, open a separate business bank account to maintain clear financial records. Following this checklist will help streamline the process and ensure a smooth start to your entrepreneurial journey in Singapore.