If you plan to register your business or corporate entity in Singapore, you will require to have it registered under Accounting And Corporate Regulatory Authority (ACRA). It is responsible for all the registrations of business entities in Singapore. They are used interchangeably for the same entity.

What are the things that should be done before registering in ACRA?

To register a company under ACRA in Singapore, a company conducting its business in Singapore needs to choose its business structure and take the necessary steps to register its business with ACRA. You will have to fill out a form online via BizFIle+ into the information retrieval system. If there is any change in the company’s portfolio or any internal changes, it should be updated in the records of ACRA.

ACRA aims to provide an easy setup of the business within the boundaries of Singapore. Also, it ensures with acra business search that the company is complying with all the statutory regulatory formalities and maintain their corporate information with ACRA. Setting up ACRA was to introduce transparency in the ownership and control of the business entities reducing the risk of misuse of such activities.

Winding up the realities

ACRA provides an accurate record of all the enlisted companies under it in Singapore. And the paperless system has made it easier for individuals or partners to apply online without any agent. Its online portal is secure and flexible, which allows resolving all the complex work single-handedly.