Singapore Company Reg Essential Info Applicable Steps

Exploring the Accounting and Corporate Regulatory Authority ACRA in Singapore Essential Information and a Practical Guide

As the global economic landscape continues to evolve, more entrepreneurs and business owners are setting their sights on Southeast Asia. Singapore, with its political stability, strategic location, and efficient business environment, has become a top destination for international investors. As one of the world's most competitive economies, Singapore not only offers an open market policy but also provides a streamlined company registration process. This article will guide you through the key functions of ACRA-the country’s main company registry-and offer a practical step-by-step approach to help you smoothly launch your business in Singapore.

1. Introduction to ACRA

The Accounting and Corporate Regulatory Authority ACRA is Singapore’s primary regulatory body responsible for overseeing company and accounting matters. It ensures that businesses operate in compliance with local laws and regulations. ACRA handles not only company registration but also financial reporting, auditing, and corporate governance.

For anyone looking to set up a business in Singapore, ACRA is one of the most important official platforms to understand. All company-related activities-such as registration, changes in corporate information, and annual filings-must be completed through ACRA’s electronic system, BizFile+. This all-in-one platform allows users to register companies, submit annual returns, and update company details efficiently, significantly streamlining the administrative process.

2. Basic Steps to Register a Company in Singapore

1. Company Name Approval

Before registering a company, you must first submit a proposed company name for approval on the BizFile+ system. The name check usually takes just a few minutes. However, if the name contains sensitive terms or is too similar to an existing company, it may be rejected. It’s wise to conduct market research to ensure the name is unique and compliant.

2. Prepare Required Documents

To register a company, you'll need to provide the following basic information

Company name

Company type e.g., Private Limited, Branch Office, Representative Office

Registered address

Details of directors and shareholders at least one director must be a Singapore resident

Information about the company secretary

Company constitution formerly known as the Memorandum and Articles of Association

3. Submit the Registration Online

Use the BizFile+ portal to submit your application and pay the required fees. The entire process typically takes just a few hours. Upon successful registration, your company will receive a Unique Entity Number UEN, which serves as its official identification.

4. Post-Registration Tasks

After registration, you’ll need to complete several steps to ensure your business can operate smoothly

Open a corporate bank account

Apply for industry-specific licenses e.g., for food services, finance, or education

Register for Goods and Services Tax GST if your annual revenue exceeds SGD 1 million

3. Choosing the Right Company Structure

Selecting the appropriate company structure is crucial and should be based on your business nature, capital size, and risk tolerance. Here are the most common options

Private Limited Company Pte Ltd The most popular structure, offering limited liability and separate legal identity. Ideal for SMEs and startups.

Branch Office Suitable for overseas companies looking to establish a presence in Singapore. It does not have a separate legal identity from the parent company.

Representative Office Best for market research or feasibility studies. It has a temporary status and cannot engage in profit-making activities.

Sole Proprietorship or Partnership Suited for small individual businesses but comes with unlimited liability for the owners.

Carefully evaluate your business needs before deciding on a structure.

4. Recent Policy Updates and Registration Trends

According to the latest data released by Enterprise Singapore in 2025, the number of new company registrations increased by approximately 8.5% compared to the previous year. The fastest growth was seen in the technology, finance, and green energy sectors, reflecting Singapore’s growing reputation as a hub for innovation in Asia.

In recent years, ACRA has continuously improved the registration process and enhanced its digital services. For instance, in 2025, ACRA launched an integrated business registration portal that consolidates services from multiple agencies. With a single submission, entrepreneurs can now complete company registration, tax registration, employee CPF account setup, and more-all in one go, saving both time and effort.

5. Frequently Asked Questions

Q Is a local director required?

A Yes. All private limited companies must appoint at least one director who is a Singapore resident citizen, permanent resident, or employment pass holder.

Q Is there a minimum capital requirement?

A No. There is no legal minimum share capital in Singapore. You can determine the capital amount based on your business needs.

Q Can I use a residential address for company registration?

A In some cases, yes. However, you must comply with regulations such as obtaining approval from the Urban Redevelopment Authority URA.

Q Are annual filings required after registration?

A Yes. All companies must file an Annual Return and hold an annual general meeting AGM. Failure to comply may result in penalties or suspension of the company’s status.

6. Conclusion

Singapore’s efficient, transparent, and business-friendly environment continues to attract entrepreneurs from around the globe. With ACRA’s user-friendly registration system, setting up a company in Singapore is faster and more straightforward than ever. However, registration is just the beginning. Successfully running a business requires a deep understanding of local laws, tax regulations, and market dynamics.

If you’re considering starting a business in Singapore, it’s essential to conduct thorough market research and seek professional advice to ensure your venture gets off to a solid start and grows sustainably in the long run.