ACRA’s role is to monitor the corporate compliance incremental synonyms and antonyms 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 about a registered business entity in Singapore.

Singapore Company Annual Filing Requirements

The CorpPass is required for making transactions in BizFile+ for your entity. Just like SingPass, CorpPass is only granted to Singapore residents, some work pass holders, and permanent residence holders. It is also tasked with regulating public accountants who are performing statutory audits. On The Go iPhone app has brought all the critical information on your fingertips. Now with BizFile+, you can easily search the ACRA directory, access FAQs, calculate the company’s AGM date, and a range of other services.

ACRA’s Vision, Mission, Corporate Goals and Values

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) 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.

What details do I need to submit online to BizFile for company incorporation?

1. On top of this, ACRA is responsible for overseeing financial reporting and the facilitation of enterprise.
2. On The Go iPhone app has brought all the critical information on your fingertips.
3. ACRA’s role is to monitor the corporate compliance of businesses and ensure they meet their disclosure requirements.
4. Statistics reveal that over 1 million transactions take place annually on BizFile+.

✅ Speedy Response – With our guaranteed 24-hour response time, your business will never miss a beat. ✅ Experience – With 15 years of unrivalled service, we understand the intricacies of business operations better than anyone else. It’s worth spending some time making sure you understand what is required of you. As a business, you will know that both your company and your work itself are subject to various rules and regulations.

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.

When you register a company in Singapore online through journal entry for purchases return 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.

Therefore, a good corporate service provider is needed to help you to keep ACRA updated so you do not have anything to worry about. BizFile is an online filing and information portal accrued expense which used to provide various electronic services to Singapore businesses. It was replaced by BizFile+ — its upgraded version — introduced in 2016 to handle a more significant number of services and improve the processing time.