Ultimate Guide to Singapore Company Verification Quickly Master Business Background Info

How to Verify the Qualification of a Singapore Company A Comprehensive Guide

In today’s rapidly globalizing business environment, more and more companies and individuals are choosing to collaborate with Singapore-based firms. As a major financial and commercial hub in Asia, Singapore boasts a robust legal framework and a transparent business environment, attracting a large number of international investors. However, before entering into any partnership, it is crucial to understand the qualifications and background of the other party. This article provides a detailed guide on how to verify the qualifications of a Singapore company, helping you better understand its background and reduce potential risks.

1. Why Verify the Qualifications of a Singapore Company?

Before entering into any collaboration, understanding a company’s credentials and background helps assess its creditworthiness, operational capacity, and potential risks. In cross-border cooperation, information asymmetry often leads to financial losses for companies that fail to conduct adequate due diligence.

Recently, media reports have highlighted how some fraudsters take advantage of Singapore’s relatively low company registration barriers to set up shell companies for scams. Therefore, mastering the correct methods of company qualification verification has become increasingly important for businesses.

2. Company Registration and Regulatory Authorities in Singapore

In Singapore, company registration and regulation are primarily overseen by the Accounting and Corporate Regulatory Authority ACRA. ACRA is the official body responsible for the registration, compliance, and disclosure of corporate and business entities, making it the most authoritative channel for company information.

For financial institutions such as banks, insurance companies, and fund management firms, the Monetary Authority of Singapore MAS is the regulatory authority. If your cooperation involves financial institutions, you should also refer to MAS-related information.

3. Methods to Verify the Qualifications of a Singapore Company

1. Search via ACRA’s Official Website

ACRA’s official website https//www.acra.gov.sghttps//www.acra.gov.sg is the primary platform for checking company information in Singapore. You can use the Business Entity Information feature to access basic company details, including

Company name

Unique Entity Number UEN

Date of incorporation

Company status active or not

Business scope

Registered address

Director and shareholder information

Some information is available for free, while more detailed data, such as director lists or annual filing records, requires a paid service. Simply enter the company name or UEN to retrieve relevant data.

2. Obtain the BizFile Document

On ACRA’s website, you can also request an official document called BizFile, which contains the full registration details of the company and is legally recognized. It is suitable for formal purposes such as business cooperation, bank account opening, and contract signing.

However, only authorized personnel or registered agents can apply for a complete BizFile. The general public can purchase selected public information through the Buy Documents function.

3. Use Third-Party Business Information Platforms

Besides official channels, several third-party platforms also provide Singapore company information services, such as

Crunchbase Offers basic info and funding history of global companies.

DB Dun Bradstreet Provides credit reports including financial health and business risks.

CompanyCheck Offers background investigation services, ideal for due diligence.

Qixinbao International Allows Chinese-speaking users to search for Singapore company details.

These platforms typically offer more convenient search tools and integrate financial data, credit ratings, litigation records, and more, making them suitable for in-depth investigations.

4. Consult Professional Service Providers

For companies requiring in-depth due diligence, it is advisable to consult professional legal, accounting, or business investigation firms. These agencies usually have strong local resources and can provide comprehensive and accurate information, including

Corporate history

Ultimate beneficial ownership

Financial statement analysis

Legal litigation records

Especially for large-scale investments or long-term partnerships, professional assistance can significantly reduce business risks.

4. Key Considerations and Common Issues

1. Information Delay ACRA’s database may have a slight delay in updating, so the latest information might not appear immediately.

2. Privacy Protection Some company information is restricted due to privacy laws. You may need to follow legal procedures to obtain additional details.

3. Company Status Changes Check whether the company has been struck off or is in liquidation, as this directly affects its ability to fulfill obligations.

4. Address Authenticity Some companies use virtual or secretary service addresses. It is advisable to verify the actual business location.

5. Director Verification You can verify the legal residency and work status of directors through the Ministry of Manpower MOM or other relevant authorities.

5. Case Analysis Based on Recent News

According to a report by Lianhe Zaobao in August 2025, a Chinese company entered into a partnership with a Singapore-based tech firm without conducting sufficient due diligence. It later discovered that the Singapore company had no real operations and was merely a shell company, resulting in the loss of advance payments that could not be recovered.

This case once again highlights the importance of conducting due diligence before international cooperation. In early 2025, Singapore announced plans to enhance transparency in company registration and introduce stricter anti-money laundering AML checks. This means that company information will become more accessible in the future, but businesses will also face higher compliance requirements.

6. Conclusion

Understanding how to verify the qualifications of a Singapore company is essential for making informed business decisions and mitigating potential risks. Whether through official channels like ACRA or third-party platforms, gaining insight into a company’s true background is a crucial step in any business collaboration.

As Singapore continues to improve its business environment, company information verification is expected to become even more efficient and transparent, offering stronger protection for global enterprises.