Choose Your Side Hustle Niche
Starting a side hustle in Singapore requires choosing something aligned with your skills and market demand. Popular options include freelance writing, virtual assistance, social media management, and e-commerce reselling.
Set Up Your Business Legally
In Singapore, you can operate a side hustle as a sole proprietor or register it with ACRA. Sole proprietorship is simpler for beginners but requires business registration if monthly turnover exceeds SGD 1,000.
- Register your business name with ACRA
- Open a dedicated business bank account
- Understand GST registration requirements
- Keep detailed accounting records
Market Your Side Hustle Effectively
Use social media, LinkedIn, and online forums like Reddit Singapore to build your audience. Offer competitive rates initially to build portfolio and client testimonials.
FAQ
Q: Do I need to register my side hustle with ACRA?
A: If monthly turnover exceeds SGD 1,000, registration is required. Check ACRA’s requirements for your specific business type.
Q: Can I claim tax deductions for my side hustle?
A: Yes, business expenses related to your side hustle are tax-deductible. Keep all receipts and records.