The information of a company must be submitted to the Accounting and Corporate Regulatory Authority, i.e., ACRA, by anybody wanting to register a company in Singapore. Before 2004, business owners were required to visit the Registry of Companies and Businesses (RoC) and complete the formalities in person. The process is much improved since ACRA introduced BizFile, an online web system that enables users to file, intangibles amortization definition retrieve and buy business data.

What are the corporate income tax filing requirements in Singapore?

The email notification will include Unique Entity Number (UEN) and is treated as the official certificate of incorporation in Singapore. ACRA’s mission is to ensure that Singapore is a trusted and attractive place for businesses to thrive and flourish. Therefore, as a business owner, you should understand the benefits that ACRA provides. ACRA is committed to promoting environmental sustainability and recognises that the way we deliver our service and perform our regulatory role has an impact on the environment. ACRA will continue to keep abreast of industry standards and strive to implement best practices where applicable, with respect to the way we manage personal data. Should the use of information by anyone constitute an offence or a breach of the law, he or she may face legal action or criminal prosecution.

Singapore Company Annual Filing Requirements

The Accounting and Corporate Regulatory Authority (ACRA) is the regulator of business registration, financial reporting, public accountants, and corporate service providers. We are also responsible for developing the accountancy sector and setting the accounting standards for companies, charities, co-operative societies, and societies in Singapore. The online information portal set up by the accounting and corporate regulatory agency provides an accurate record of all registered businesses in Singapore. A Singapore company may choose a corporate secretarial provider to maintain its statutory records and ensure compliance with filing required information with ACRA. Residents of Singapore can easily access Bizfile+ through their Singpass or Corppass.

Information for Public Access

This includes putting in place processes and procedures to prevent disclosure of data under circumstances other than those allowed under the ACRA Act. On 1 April 2023, ACRA, the Singapore Accountancy Commission (SAC) and the Accounting Standards Council (ASC) calculating the equity risk premium merged as one entity, taking on the name, ACRA. The merger aimed to strengthen the effectiveness of regulation, standards-setting, and sector development by harnessing synergies across complementary accountancy-related functions. Businesses can use the system to both submit documents to ACRA and retrieve information regarding other businesses. BizFile+ is ACRA’s online filing portal, through which companies can make applications and submissions. ACRA also has the power to impose fines and issue court summons to companies.

Statistics reveal that over 1 million transactions take place annually on BizFile+. A paper copy of the certificate is no longer issued with incorporation as it is not needed in Singapore. However, if a print copy is preferred, you can make an online request on BizFile+ after the company’s incorporation. If your registration is successful, ACRA will send an official email confirming the company’s incorporation.

When you register a company in Singapore online through BizFile, you will need the below information. If you currently run a business in Singapore or are thinking of setting one up, you’ll find that you come into contact with ACRA regularly. You have to go through the necessary steps to register the business with ACRA and then submit your application through BizFile+. This makes for a safer environment for both businesses and customers in Singapore.

Is Company Information in ACRA Available to the Public?

1. If you are planning to incorporate your company in Singapore, you likely will have questions about ACRA.
2. When you register a company in Singapore online through BizFile, you will need the below information.
3. The Accounting and Corporate Regulatory Authority (ACRA) is the regulator of business registration, financial reporting, public accountants and corporate service providers.
4. The Accounting and Corporate Regulatory Authority (ACRA) is a statutory board under the Ministry of Finance of the Government of Singapore.
5. It also has made transactions easy and faster as compared to paper-based methods.

ACRA’s role is to monitor the corporate compliance of businesses and ensure they meet their disclosure requirements. ACRA considers it essential that information on the company registers be kept up-to-date. Therefore the incorporated companies must keep ACRA informed about a change of company name, business activities, new appointments or removal of a company director or secretary etc. It will automatically remind you of upcoming filing obligations, and our team will proactively handle the filing tasks for your company, to make compliance smooth and worry-free for you. A Business Profile from ACRA (Accounting and Corporate Regulatory Authority) is a document that provides detailed information steps to take before you prepare your taxes about a registered business entity in Singapore.