ACRA Company Registration Made Easy

Launching a startup or expanding your business in Singapore? Compliance with local regulations is essential for business success. To incorporate a company in Singapore, you must register with the Accounting and Corporate Regulatory Authority (ACRA), the government agency that oversees business operations in the country. At Lanturn, we simplify the ACRA company registration, ensuring a seamless and hassle-free process. Let our experts guide you every step of the way.

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What is ACRA?

What exactly is ACRA? ACRA stands for Accounting and Corporate Regulatory Authority and is the backbone of Singapore’s business landscape. Like every country has its registrar of companies, ACRA Singapore is a government agency responsible for overseeing company formation, compliance, public accountants, corporate service providers, and financial reporting to ensure transparency and integrity in the corporate landscape. Its primary goal is to make Singapore a trusted and attractive business hub. Understanding ACRA Singapore’s benefits can help 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). As ACRA oversees company formation in Singapore, it typically involves registering a company’s name, structure and other essential details. ACRA registration can be done online through BizFile, an online platform that provides a one-stop digital solution for business registrations, filings, and information retrieval. Upon approval, businesses will receive a Unique Entity Number (UEN), a unique identifier across all Singapore government agencies. In essence, ACRA company registration is mandatory for individuals or entities planning to operate a business in Singapore.

Who can apply for company registration with ACRA?

ACRA company registration is open to both local and foreign individuals or entities seeking to establish and operate a business within the country. This encompasses various business structures, with specific eligibility criteria and requirements based on the type of business. However, applying directly to ACRA Singapore is not available to foreign entrepreneurs, as it requires access to ACRA BizFile using a Singpass, which is only available to Singapore citizens, permanent residents, and Employment Pass (EP) holders. Instead, they can engage corporate service providers like Lanturn to manage the ACRA company registration process.

What are the requirements for ACRA company registration in Singapore?

Foreign entrepreneurs looking to expand their business operations in Singapore might wonder what the requirements for ACRA company registration are or 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 a Financial Year End
• Provide a Company Constitution
• Provide an Annual Returns filing date

Required Documents for ACRA Registration

Once you understand how to register a company in Singapore with ACRA, the next step is preparing the required documents for ACRA registration. But what are the required documents? It depends on the business structure. Therefore, it’s crucial to determine your business structure before proceeding with the company registration. Typically, here are the required documents for ACRA registration:

• Approved business name
• Company Constitution
• Personal details of directors and shareholders
• Registered local business address
• Details of company secretary
• Proof of identity of all directors and shareholders

Eligibility for ACRA company registration

Incorporating a business in Singapore requires entrepreneurs to meet specific eligibility requirements. These legal requirements ensure transparency, regulation compliance, and access to government support. Having an ACRA registration also helps clients and partners verify the legitimacy of the businesses. To be eligible for ACRA company 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 get 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.

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.

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Lanturn’s Fully Digital Process

Consult Experts	Lock In	Upload Information	Lanturn Takes Over
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.	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.	Once you have all the required documents, submit them along with the necessary information to the Lanturn digital incorporation platform.	Lanturn will file the application with ACRA and keep you informed until registration is complete, so you can sit back and relax.

Discover Lanturn’s All-in-One Solution

Registering your business with ACRA not only boosts your credibility but also opens doors to collaboration and state funding, such as grants from Enterprise Singapore and opportunities to bid for government tenders. Navigating the ACRA company registration process can feel overwhelming, especially if you are unfamiliar with the regulations. That’s where Lanturn comes in. Our experts simplify the process with a seamless, all-in-one solution – advising on the right business structure, providing necessary support like corporate secretary services and handling your application with transparency and error-free. We handle the complexities so your company stays compliant, while you focus on growing your business. Let us handle the paperwork, so you can focus on what matters the most. Schedule a call with us.