Singapore Company Registration Requirements

The official Facilitator of business materials and accountants in Singapore is the Corporate Regulatory Authority or ACRA, which assignment is said, to provide a responsive and confided in regulatory climate for companies and public accountants. Achievement of cooperative energies involving the observation of corporate compliance with disclosure requirements and regulation of public accountants performing statutory audit is one of those sections of ACRA.

ACRA, the Singapore company registrar works on the following aims as clearly mentioned on their website:

  1. To report And make recommendations to, and advise the Government on matters related to the registration and regulation of company materials and public accountants;
  1. To Establish and administer a repository of reports and information concerning company materials and public accountants and to provide access to people in general to these documents and information;
  1. To Represent the Government globally in matters related to the registration and regulation of business elements and public accountants; and
  1. To Advance public awareness about new business structures, compliance requirements, corporate governance practice and any matter under the domain of the Authority.

acra company profile

In the event We are to analyze the stated mission and goals of ACRA, we can infer that ACRA capacities an essential role as a leader in managing the movement of companies and advancement of individual’s public accountancy profession.

Presently, Let us continue to the main part, the enrollment requirements. Please make an effort to remain guided by these necessities before registration. In request to prevent denial of program, you should fulfill the prerequisites underneath.

  1. You Should be at least 18 years old.
  1. You Should not have a bankruptcy history or, probably you should get the consent from High Court or Official Assignee on the off chance that you are planning to incorporate a business in Singapore.
  1. You Should not be disqualified under Sections 149, 149A or 154 of the Companies Act.
  1. You Should apply for an EntrePass in the Ministry of Manpower (MOM) in case you are likely to be actively involved in managing the business’s operations.

For Additional support, inquiries and concerns, please make it possible for Rikvin to assist you and be a part of your difficulty free company registration process.

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