Singapore Entrepreneurs Network & Startup Organization

With regards to home office registration, here is some details:

1. You can a maximum of 2 staff/partners who are non-house owners officially working within the house.
2. No disturbance to the neighbourhood, that means no noisy business (ie. sound editing) and no signage.

The full list of criteria is available here: http://edanet.ura.gov.sg/dcd/homeoffice/HOMainPage/HOperfcriteria.jsp

You are also limited in the type of industry you can operate in, mainly any type of business that requires a regular flow of customers/staff in and out of the premises. You can find the entire list here: http://edanet.ura.gov.sg/dcd/homeoffice/HOMainPage/HOnegativelist.jsp

Costs would be whatever you need to bear for the operations of your house. You can act as a freelance supplier of goods to local shops if they trust you enough or if they deal in cash terms.

oh, ok, thanks alot for your info.. 

guess i will have more to learn about..

woah.. fire extinguisher, even for home business?

There are a lot of tax saving for home base business compare to normal business. Besides, that is also a great way to reduce overhead!

Hi ncknight,

I dont really understand what do u mean by
1. home based business is unable to write off key expenses that a pte ltd can? can provide example on it? due to regulations?

2. home office is not as poductive as dedicated working environment? u mean it is mentallity problem?

Thanks.

1. One of the more common practises of Private Limited companies is the ability to write off the cost of equipment as depreciation, of which that expense can be non-taxable; sole proprietor/partnership just buys, uses and that's it. Come to tax-day the profits will be taxed "fully". Other such benefits includes company vehicle, double tax deduction for foreign expansion, etc.

2. It is my personal comment and opinion that many people are not "business" productive at home, with all the distractions like TV, bed, children, etc; I seen quite a fair bit of people who understood this the hard way and went on to get a small office just for work but at the same time, I have also seen a few minority (usually in the creative industry) who thrive in an un-ordered working environment, just that the ratio is something like, 10:1?

handworks,

All the in-depth details can be obtained when you work with a good corporate secretary; www.business.gov.sg does not detail out the application, they just detail out the process. A few good corporate secretaries include www.bizsec.com.sg and www.lccglobal.com