ACRA Company Registration Made Easy Start Your Business with ACRA Singapore Registration
Ready to turn your business idea into reality? Starting a business in Singapore begins with registering your company with ACRA. But let’s face it – handling paperwork can be a daunting task, especially when you’re juggling everything else.
At Lanturn, we simplify ACRA company registration, allowing you to focus on building your business. Our team of experts ensures a seamless and stress-free setup, supporting you every step of the way.
Your One-Stop Digital Hub for ACRA Company Registration and Corporate Services
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Clients across APAC
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What is the Accounting and Corporate Regulatory Authority?
What is ACRA Company Registration?
Who is Eligible for ACRA Company Registration in Singapore?
What are the Requirements for ACRA Company Registration in Singapore?
What is the Accounting and Corporate Regulatory Authority?
The Accounting and Corporate Regulatory Authority, also commonly known as ACRA, is a government agency responsible for overseeing business registration, compliance, public accounts, corporate service providers, and financial reporting to ensure transparency and integrity in Singapore’s business landscape.
Understanding the benefits of ACRA Singapore can help local and foreign entrepreneurs navigate and succeed in this dynamic business market.
What is ACRA Company Registration?
ACRA company registration is the process of officially establishing a business entity in Singapore, regulated by the Accounting and Corporate Regulatory Authority (ACRA). It typically involves registering a company’s name, structure and other essential details. It is mandatory for individuals or entities planning to operate a business in Singapore.
Previously, entrepreneurs were required to register their companies in person at the Registry of Companies and Businesses (RoC). However, with the introduction of BizFile, you can now complete ACRA Singapore registration on this online platform, which also provides a comprehensive digital solution for filings and information retrieval.
Who is Eligible for ACRA Company Registration in Singapore?
ACRA company registration is open to both local and foreign individuals or entities seeking to establish and operate a business in Singapore. This includes various business structures with specific eligibility and requirements based on the type of business.
To be eligible for ACRA registration, you will need the following:
- Conduct business activities on a continuous basis for profit.
- Must be at least 18 years old and above.
- Must be a Singapore citizen, Permanent resident, EntrePass, or EP holder.
- For EP holders, you should obtain a Letter of Consent (LOC) from the Ministry of Manpower (MOM).
For foreign entrepreneurs, you can register a company and own 100% of its shareholding. However, you will need to engage a corporate service provider to submit the ACRA registration through BizFile on your behalf.
What are the Requirements for ACRA Company Registration in Singapore?
Whether you are a local or foreign entrepreneur, you may wonder how to register a company in Singapore with ACRA. It’s not as complicated as it seems. Here are the key requirements for ACRA company registration:
- Provide a unique business name that is not identical to existing entities
- Provide a local registered business address
- Establish business activities
- Appoint at least one resident director
- Have a minimum of one shareholder (individual or corporate entity)
- Appoint a company secretary
- Provide an initial paid-up capital
- Decide on a Financial Year End
- Provide a Company Constitution
Provide an Annual Returns filing date
Lanturn’s End-to-End ACRA Registration Support
At Lanturn, we understand the unique challenges entrepreneurs face when incorporating a company in Singapore. We take the stress out of the ACRA business registration process by offering comprehensive, end-to-end ACRA registration support – from company registration and ACRA BizFile to corporate secretarial services and compliance support. We will ensure that your business structure is aligned with Singapore’s legal and regulatory framework, providing you with peace of mind.
What Are Corporate Services?
With a proven track record of helping over 600 companies grow their business, Lanturn knows what it takes to navigate Singapore’s business landscape. Our team of experts stays abreast of Singapore’s evolving regulatory landscape, ensuring you’re always up-to-date with key compliance deadlines and important updates. Additionally, with our seamless, cloud-based platform, we make ACRA Singapore registration simple and hassle-free. With Lanturn, you’ll get more than a service. We offer tailored solutions that are adapted to your business needs.
How Can Lanturn Help
At Lanturn, we understand the unique challenges foreign entrepreneurs face when incorporating a company in Singapore. We specially designed our services to simplify the process and ensure compliance with essential requirements.
Expertise You Can Trust
User-Driven Technology
Total Business Solutions
Enjoy Lanturn’s Fully Digital ACRA Registration Process
1
Consult Experts
Discuss your company’s requirements and vision with our incorporation experts, and we’ll handle the rest. After carefully assessing your needs, we will provide a tailored proposal.
2
Lock In
Once the agreement has been finalised, we will provide you with a list of required documents, a timeline, and the process for the ACRA company registration.
3
Upload Information
Once you have all the required documents, submit them along with the necessary information to the Lanturn digital incorporation platform.
4
Lanturn Takes Over
Lanturn will submit the application to ACRA and keep you informed until registration is complete, so you can sit back and relax.
Our All-in-One Solution
Our comprehensive incorporation package is designed to cover everything you need to start your business smoothly, from the essentials to advanced compliance. With Lanturn, you receive:
- ACRA company lodgement
- ACRA Bizfile
- Standard constitution and registration forms
- AGM
- Annual return
- Up to two resolutions per year
- Includes two advisory calls
Our nominee directors bring experience and knowledge, ensuring compliance with Singapore’s laws.
Your company requires a local address, and you can engage us to fulfil this requirement.
Ready to take the next step? Start the process today
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Feeling Overwhelmed by Singapore’s Incorporation Process?
Book a complimentary 15-minute call with us today and let us address your concerns about ACRA SG, ensuring your business journey is smooth, stress-free, and successful.
Enjoy a Trouble-Free Registration Journey
Experience a hassle-free ACRA company registration process in Singapore with Lanturn. Our team of experts combines years of experience with dedicated in-house corporate secretarial support to guide you every step of the way. We ensure a seamless registration process, taking care of details and keeping you fully compliant with Singapore’s regulations from start to finish.
FAQs about ACRA Singapore
What is ACRA, and what does it do?
ACRA stands for the Accounting and Corporate Regulatory Authority, a government body that oversees Singapore company formation, financial reporting, public accountants, and corporate service providers. It also develops the accounting sector and establishes accounting standards for businesses, non-profit organisations, co-operative societies, and similar entities. It fosters a vibrant and trusted business environment that encourages growth and innovation, aiming to make Singapore the best place for business.
How long does ACRA company registration take?
An ACRA company registration typically takes 3 working days to process and approve. However, if your application needs referral to another government agency for approval, the process will take between 14 and 60 days.
Can foreigners register a company with ACRA?
Foreign individuals can register a company with ACRA. To achieve this, it is necessary to engage an experienced corporate service provider who can assist with the registration process.
Is ACRA registration mandatory in Singapore?
Yes, ACRA registration is mandatory for those who wish to operate a business in Singapore. Upon approval, companies will receive a Unique Entity Number (UEN), a unique identifier used across all Singapore government agencies, which will be required for most transactions with government agencies and other partners.
What documents are needed for ACRA registration?
To register with ACRA, you will need to submit the following documents:
- A Company Constitution
- Details of Directors, Shareholders and Company Secretary
- A Registered Local Office Address
- Proof of identity and residential address for all directors and shareholders
- Official application for ACRA business registration
What is BizFile in relation to ACRA?
Revamped and launched in 2024, BizFile is ACRA’s digital service portal for business registration, filing and other resources. Users can access various eServices at this one-stop platform for business registrations, information updates, annual filings and business data retrieval seamlessly. For businesses, it serves as a one-stop platform for managing your legal and regulatory requirements with ACRA.
Simplify Your Incorporation Process with Lanturn
ACRA company registration is the first key step in launching your business in Singapore. But it’s the only beginning. As your business grows, so do the compliance requirements and staying ahead of them is crucial for long-term success. At Lanturn, we simplify the incorporation process, handle communications with government agencies and take care of the essential details. Leave the complexities to us while you focus on growing your business.