Font Resize A- A A+. However, busy entrepreneurs were not too happy about having to personally visit the ACRA office to register their company and make manual submissions. To track the market performance and business trends of the infocomm industry. Key in the "company name" (which you would like to verify) 3. Before the launch of BizFile in 2004, a business owner was personally required to go to the ROC to fill out and submit form(s) for any corporate actions of a company. This is also done to make information accessible to public agencies upon request. Our team at Rikvin can help get you started on a successful company formation. Ministry of Culture, Community and Youth (MCCY) This field is for validation purposes and should be left unchanged. Additionally, following the update to BizFile, amendments were made to the fees of some transactions such as a slight increase in the registration fee and a change in the penalty amount for late filing of annual return and late holding of Annual General Meeting. Accessing industry information can be very valuable when conducting a Singapore company search. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. The SPF and Acra urge the public to understand the legal duties and obligations before becoming directors for companies, as directors would be liable for any breaches of their duties, the statement said, adding that Acra also takes a serious view of false filings as such information is used by various stakeholders to make decisions. Before investing your time and money into a partnership with Singapore companies or clients, its essential that you run a background check. go.gov.sg/open). ACRA aims to boost Singapores efforts to comply with international standards and maintain a strong reputation as a trusted destination for business. The number of ACRA-registered business entities which have ceased operation. SINGAPORE Twelve people, including six Singaporeans, who allegedly abetted foreign scammers in laundering around US$36 million (S$48.7 million) in criminal proceeds, were charged in court on Thursday. Let us help you get started on the path to success today! Search Please click here Madam Halimah said that the presidency was the highest office in Singapore and a key institution in its democracy. To access the function, you will need to make a successful payment of $5.5, after which you will receive an email containing a URL to download the business profile. Find out the importance of having a physical business card. To register with ACRA, first, you need to do an ACRA company search. We will not be able to refund Government fees once the application has been submitted, nor any third-party processing fees. Before you kickstart your company incorporation in Singapore, you must find a name that is both original and appropriate for your business, which can often be a challenging but a fun endeavour. Add distinguishing words or features to your core business name, Add your scope of services to your business name, Adding The to the start of your preferred name, Adding business entity type to the end of your preferred name e.g. As a result, it helps you understand your companys situation and adjust accordingly. This is required. Business entities refer to companies, sole proprietorships & partnerships, limited liability partnerships, limited partnerships and public accounting firms. Monetary Authority of Singapore (MAS) Chosen the perfect business name? Mdm Halimah saidthat she has been fortunate to be given the chance to serve all Singaporeans regardless of race, language, or social standing as the President of Singapore. I want to register Pte Ltd. The President has significant constitutional, ceremonial, and community-related duties, and holds the second key to our reserves, and to key appointments in the Public Service. Statistics reveal that over 1 million transactions take place annually on BizFile+. You are strongly encouraged to utilize the various tools and resources available to do a proper Singapore corporation name search. If your preferred name is rejected by ACRA, here are some tips to help you enhance and differentiate your core company name: Please note that the following attempts at differentiating your name will not be accepted by ACRA: Once youve registered your name on ACRA, and it has been approved, your next step would be to incorporate your company! Are there any negative reviews or testimonials from other companies or clients? 1. This dataset comprises data on entities that are registered in Singapore with any of the UEN . Talk to our experts today. By founders, for fellow founders. The mission of ACRA is to provide a trusted and vibrant business environment in Singapore. SINGAPORE - Twelve people, including six Singaporeans, who allegedly abetted foreign scammers in laundering around US$36 million (S$48.7 million) in criminal proceeds, were charged in court on . A Singapore company may choose a corporate secretarial provider to maintain its statutory records and ensure compliance with filing required information with ACRA. Checking up on your compliance standing and status is always necessary to ensure long-term development. BizFile was renamed BizFile+ in 2016, following a major update in the system to improve the speed and efficiency of the portal. Corppass is gradually replacing Singpass, which was the login method previously and is still in use at some places. Step 3: You should then see the aforementioned information about the company. You might be interested in reading about: Our expert team is here to help you. eServices. Explore our incorporation services or contact our team to get personalised advice today. ADVANCED DENTAL CLINIC WOODLEIGH PTE. "I am grateful to all Singaporeans for their trust, understanding and kindness during my tenure, and to the many community, social and business organisations, who have inspired me with their conviction and enthusiasm to build a better Singapore.". To register a company with ACRA, you have to do it via BizFile+. To get your proposed company name approved, you must ensure that: When you are doing a company search on your business name in Singapore, ensure that it does not have any trademarks attached to it. By researching the industry in which the company operates, you can gain a better understanding of the competitive landscape, market trends, and regulatory environment. The download for a purchased business profile from ACRA will expire 7 days from the date of purchase. First Step to Choosing Your Singapore Business Name If you already have a business name in mind and would like to check if it is available in Singapore, you can use our ACRA Company Search tool above. I am glad thatI was never alone in this journey. Book a time with our experts to guide you in finding the best solution. "The unifying role of the Presidency, working closely together with the government to safeguard Singapore's future, has always been critical to ournation's success, and will be even more important going forward, as we find our way in a troubled and uncertain world," she added. Get helpful tips and info from our newsletter! Starting a Singapore company? When you are doing a company name search in Singapore and find that your desired business name is identical to a reserved name, dont worry! Once completed, you can fill out the required form and proceed with your search. An excellent business name is more than just a mere identity- it often speaks volume about what your company is, your vision and what you stand for. 12 people charged with allegedly abetting foreign scammers in laundering nearly $49 million, All done! Business entities refer to companies, sole proprietorships & partnerships, limited liability partnerships, limited partnerships and public accounting firms. BizFile+ is ACRAs online filing and information retrieval system. Information on Business Entities - Companies. Ltd. is a part of InCorp Group. The Unique Entity Number (UEN) is a standard identification number for entities, ranging from businesses and partnerships to charities and societies, to interact with government agencies. However, the CPF Board and the Ministry of Manpower (MOM) must be informed separately in this regard. How do I register a company in Singapore? Ensuring Validity During Company Name Search, Minimizing Complaints Against Your Company, Registering Reserved Name After Company Name Search, Certificate of Residence for Singapore Companies , What To Look Out For When Doing a Singapore Business Search, Guide to Singapores New Work Pass: Tech Pass , Singapore Company Incorporation Privacy Policy. Limited Liability Partnership. Those found guilty of failing to use reasonable diligence in the discharge of duties as a director, or abetting the offence, can be jailed for up to 12 months, or fined up to $5,000. 201708433H | MOM EA Licence #17S8937 | Monetary Authority of Singapore (MAS) Major Payment Institution (MPI) licence No. All: Enter UEN or Name. "Working together, we strengthened the voices of our communities and uplifted those who are most in need, particularly the disadvantaged and vulnerable among us.". Please note the processing time of your application may take an additional 14 to 60 days if your name include any of these words or their derivatives. BBCIncorp Pte. Are there any legal disputes or criminal cases against the company? The first step in setting up a company in Singapore is choosing a name and having your filing agency validate it in Accounting and Corporate Regulatory Authority (ACRA). Singapore Land Authority (SLA) "It has been a great honour and privilege to serve as the eighth President of Singapore for the past six years. Go to ACRA's free online directory search platform: https://www.bizfile.gov.sg/ 2. One of the five women dealt with was also charged with authorising her staff to use her Singpass/Corppass account to lodge documents, including those relating to the Register of Registrable Controllers, with the Registrar of Companies despite knowing that the papers contained false information. While a virtual office or mailbox address may not necessarily indicate a lack of legitimacy or credibility for a company, its important to verify that the company has a physical presence and that it is not using the virtual office or mailbox address to mislead customers or investors. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be. By doing so, you can verify their legitimacy, find details about their operational history, and understand the financial matters of your soon-to-be partners. If the address is incorrect or questionable, it could be a sign that something is not right. The local nominee directors of 35 Singapore-registered companies allegedly allowed company bank accounts to be operated by these foreign agents. ACRA requires all companies to complete all statutory obligations relating to company registration and ongoing compliance requirements set out in the Companies Act. This field is for validation purposes and should be left unchanged. During the COVID-19 pandemic, Mdm Halimah approvedthe government's draws on past reserves S$52 billion (US$38.4 billion) in the financial year of 2020, S$11 billion in FY2021 and S$6 billion in FY2022. Each entity is registered with unique entity number (UEN), entity name, entity time, UEN issue date, location, etc. This information can be used to assess the companys market position, growth potential, and risk factors. Once you click on the Search button, the system will prompt you to complete a CAPTCHA challenge to ensure that you are a human and not a bot. Maintaining and/or regulating transactions of business entities, companies, and Public Accountants. A simple ajax (JSONP) request to the data API using jQuery. All Rights Reserved. Business Filing Portal Of ACRA. We'd love to help. All rights reserved. If so, what are the details of these cases. The Inland Revenue Authority of Singapore receives the update as soon as the change is finalised, which will automatically update their own records on a weekly basis. With BizFile+, users can access a range of features that have made life easier. Sleek 2023 Small Business Index Report available for download now. 2023 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. The good thing about conducting a company search, or an ACRA business search, in Singapore, lies in the information you can get from it. Step 2: Enter the name or registration number (UEN) of the company you'd like to verify, then click 'Search'. Related Read: Certificate of Residence for Singapore Companies . The Singapore Police Forces (SPF) Commercial Affairs Department found that foreign agents used foreign corporate service providers which were mostly based in China to engage the providers here to incorporate local companies and open Singapore bank accounts between July 2020 and February 2021, said the police and Accounting and Corporate Regulatory Authority (Acra) in a joint statement on Thursday. Registering a local company, foreign company, LLP, business, and Public Accountant electronically. These accounts received and laundered criminal proceeds totalling $48.7 million from local and overseas victims of business e-mail compromise, investment and love scams. Acra had also earlier cancelled two of the charged individuals registrations as Registered Qualified Individuals, who provide corporate secretarial services for business entities and transact with Acra on behalf of clients. For more information, please visit the UEN Website at https://www.uen.gov.sg/ueninternet/faces/pages/admin/aboutUEN.jspx. It is a highly secure, flexible, and cost-efficient system to maintain company information. Copyright 2023 SPH Media Limited. We care about you within 30 days from your purchase, if youre unhappy with our services, well refund our fee. The Bizfile+ system has more mobile-friendly features, making it seamless for users to access the portal on the go. Accounting and Corporate Regulatory Authority. "In a few months time, the Presidential Election will be held. Find out more about social enterprise in Singapore. Starting a Singapore company? If you simply want a quick search to obtain basic information about a company, follow the 4 easy steps below: To start the search, log in to your BizFile+ account to access the company database. It is not the same as the name of a corporation that is registered. "These will inspire me to continue contributing to our society and nation in other ways for as long as I am able to. The Data API can be accessed via the following actions of the CKAN action API. The 2017 election was reserved for Malay candidates, as the community had not had a member elected as president in the past five terms. Under the public sector service requirements laid out in Singapore's Constitution, presidential candidates must have held office - for at least three years - as a minister, chief justice, Speaker of the House, attorney-general or permanent secretary among others. "It unifies our nation by embodying our shared values and aspirations as a people. From 1 June 2023, customers who purchased information products from ACRA will receive a product confirmation e-mail with a go.gov.sg link. We share with you 6 reasons why they remain relevant today. Send an enquiry online to check the status of transactions. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. LTD. All Rights Reserved. In Singapore, the Accounting and Corporate Regulatory Authority of Singapore (ACRA) is responsible for the registration of business entities. Guide on How to Choose a Company Name in Singapore , First Step to Choosing Your Singapore Business Name , Choosing the Right Name for your Singapore Company , Singapore Budget 2023: Positioning it as a Prime Business Spot, 5 Benefits of International Trademark Registration, A Graphic Guide to the Singapore Tech@SG Programme, A Graphic Guide to the Singapore Tech.Pass, A Graphic Guide to the Singapore Overseas Networks and Expertise (ONE) Pass, Quickly identify if your preferred company name is available, Compare other companies with similar names and avoid copyright issues, Simplify the company name reservation process, It is not identical to the name of a registered company, It is not currently reserved by someone else, It is not inappropriate or offensive (refrain from including obscene or religious names), It does not include gazetted names (Temasek is not allowed in Singapore). A Singapore Government Agency Website A- A A+ Within Government Websites Within Business Within Citizen and Residents Within Non-Residents Click on Business Entities on the top menu and select Company Search from the drop-down menu. They will have to choose their business structure and take the necessary steps to register their business with ACRA. She also championed women's issues and was inducted into the Singapore Women's Hall of Fame in 2014. This includes: BizFile+ has proved to be an extremely useful customer-centric platform that makes it easier than ever to file and retrieve critical business information. It is important to do a Singapore corporation name search to avoid any issues with possessing an identical name as a corporation out there. This dataset comprises data on entities that are registered in Singapore with any of the UEN Issuance Agencies listed below: Business. eServices. It does not include words such as Academy, College, Institute, Institution, University; and National, Singapore. The 68-year-old added that she was aware of the "tremendous responsibilities" of the presidency when she took office in 2017. You can use our name checker tool above to first check if your preferred Singapore company name is available before applying to ACRA. Every company conducting business in Singapore needs to register with ACRA. I was supported by many Singaporeans who shared strongly in this belief. On the other hand, foreigners will need an agents services in this regard. For the application process to be seamless with ACRA, you should ensure that your chosen Singapore company name: Is not similar or identical to existing companies. At SCI, we offer various company incorporation packages tailored to your business needs. You can do a Singapore corporation search on ACRA to check the company status. Not to worry, as we have provided some suggestions on how you can improve your Singapore corporation name search and better differentiate it. Our sales team is available from Mon - Fri 9am to 10pm (Singapore Time). Visit the MOM portal and Change particulars to update the change of information. In Singapore, ACRA is also referred to as the Registrar of Companies. Reserved business names are those that have been previously approved by ACRA but have not yet been registered. Whether you search for another company or your own, make sure it has live or active status to confirm that the company operates legally and fully complies with the law. Constitutional amendments were passed in November 2016, mandating the reservation of the elected presidency for candidates from a particular racial group if there had not been a president from that group in the five most recent presidential terms. With a few clicks, you can obtain important information, make informed decisions about any potential business transactions or investments, and have a comprehensive understanding of the companys prospects.