What is ACRA business registration?
The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants and corporate service providers in Singapore.
How do I check if a company is registered in Singapore?
ACRA’s company search tool
- Step 1: Go to ACRA’s registry.
- Step 2: Enter the name or registration number (UEN) of the company you’d like to verify, then click ‘Search’
- Step 3: You should then see the aforementioned information about the company.
How can I get Memorandum and Articles of Association in Singapore?
Answer: You can purchase documents filed with ACRA (e.g. Memorandum & Articles of Association) by logging on to www.bizfile.gov.sg. Under “Buy Information”, click on Other information > Extracts > Buy now.
How much does it cost to register a business with ACRA?
$300
Company-Related Fees
| No. | Company Transaction | Fee |
|---|---|---|
| 1 | Name application | $15 |
| 2 | Registration fee | $300 |
| 3 | Annual filing | $60 |
| 4 | Conversion within Company types | $40 |
Can I run a business without registering in Singapore?
Yes! You can sell products or services in Singapore without registering a company.
Where can I get Memorandum of Association?
The memorandum is a public document that may be viewed by the public via Companies House. Every company has to keep a copy of the memorandum at their registered office or SAIL address. Likewise, companies have to keep a copy of the articles of association at their registered office or SAIL address.
How do I open an association in Singapore?
Key facts at a glance
- Requires at least 2 directors, 2 members, and qualified Company Secretary.
- Must draft a Memorandum & Articles of Association setting out the objects and by-laws of the organisation.
- Must audit accounts annually.
- Must hold Annual General Meetings.
- Must file its Annual Returns with ACRA.
Can you start a business without registering?
You are allowed to operate a sole proprietorship without registering, but you are required to register with your local government to collect and file state taxes. There is nothing wrong with running an unregistered business as long as your business is legal and meets all licensing and tax requirements.
How do I register my local business?
Register your business in the Bureau of Internal Revenue (BIR)
- DTI Certificate of Registration.
- Barangay Business Clearance.
- Mayor’s Permit.
- Certificate of Lease (if the place is rented) or Certificate of Land Title (if owned)
- Government-issued identification (Passport, Driver’s License, Birth Certificate, etc.
Does home based business need license in Singapore?
SINGAPORE – There is no need to license home-based food businesses given the small quantities of food they sell, the Singapore Food Agency (SFA) said on Wednesday (Aug 18), adding that it has assessed that the food safety risk associated with these businesses is small.
Is memorandum of association required?
Although the model articles are generally enough for most newly incorporated companies, they are not compulsory, and so can be amended and tailored to suit a company’s business needs. If altered, only the amended articles need to be filed at Companies House.
Do I need a memorandum of association?
While it is no longer a legal requirement to have a Memorandum of Association (since 2009) traditionally the Memorandum and Articles work together to form a comprehensive document clearly outlining and guiding forward the governance, responsibilities, powers and objectives of the business.
When do you have to register a business?
You must register a business if you are carrying out any activity for profit on an ongoing basis unless you are exempted (see below). The minimum age for registration is 18 years old. Allowing members of public to search and verify information about your business and its owners.
When can I renew my business registration?
You can renew the business registration up to 60 days before the expiry date. If you are late in renewing the business registration, a penalty may be imposed for late renewal.
How does Acra help to reduce costs for our businesses?
More information on how ACRA helps to reduce costs for our businesses. The authenticity of a Business Profile issued by ACRA can be verified free-of-charge. An online product authentication page will display information of the product type, the date of purchase, and list the names of the entity’s officers and positions.