Singapore business license renewal

Decisions and compliance will also be involved. Let us here at CorpXervices help you with these matters. See our incorporation page for more information. Depending on whether you have a one year or a three-year registration, you are required to apply for a renewal of business registration before the expiry of your current license.

This can be done up to 60 days before the date of its expiry. It is important to note that the three-year renewal option is only available subject to:. The application only takes a few minutes to complete. Following this, application is first processed by ACRA, and then the payment is processed by the bank. In total, it can take up to 21 working days to process the application.

In case you have a more serious inquiry you can also visit the ACRA office in person, though it is advisable to take a prior appointment instead of simply walking in, to avoid a long waiting time. Licences and Permits. Taxes, GST and Customs. Most businesses need licences and permits for different business activities. With GoBusiness, you can find out which ones you need, before applying for and managing them.

Select your business sector, and answer a few questions to find out which licences you need. A foreign company may carry on business in Singapore by incorporating a local company or registering as a foreign branch under the Companies Act. The foreign company is required to have a registered name, at least 1 local authorised representative and a registered office in Singapore. The first step is to apply for approval of the company name first.

Once it is approved by the Registrar, you may proceed to incorporate the company. A Limited Partnership LP is a partnership consisting of a minimum of two partners, with at least one general partner and one limited partner. A LP does not have a separate legal entity from the partners, i. A general partner is responsible for the actions of a LP and is liable for all debts and obligations of the LP. A limited partner is not liable for debts and obligations of the LP beyond his agreed contribution, provided he does not take part in the management of the LP.

The first step is to choose a name for the LP and then register the LP. A UEN is your LP's unique identification number that will be used in all interactions with government agencies.

A Limited Liability Partnership LLP is a business vehicle that gives owners the flexibility of operating as a partnership while having a separate legal identity like a company. A LLP has the right to own property, has perpetual succession and can sue or be sued in its own name. A partner may, however, be held personally liable for claims from losses resulting from his own wrongful act or omission, but will not be held personally liable for such wrongful acts or omissions of any other partner of the LLP.

A public accounting firm PAF is set up by a public accountant for the purpose of providing public accountancy services audit and reporting on financial statements and performing acts that are required by law to be performed by a public accountant. The other types of entities that public accountants can set up to provide public accountancy services are public accounting corporation and accounting limited liability partnership.

The applicant must meet the prescribed requirements for registration as set out in the Accountants Act and its subsidiary legislation. A public accountant PA can provide public accountancy services such as audit and reporting on financial statements, and such other activities which the law requires to be done by a PA e. Persons who intend to provide only book-keeping, accounting, taxation or consultancy services i. Companies performing corporate secretarial services are also known as corporate service providers CSPs.

A Filing Agent may include a law firm, accounting firm or corporate secretarial firm that provides statutory filing services for its clients.

A Qualified Individual may include advocates and solicitors, public accountants, chartered accountants and corporate secretarial agents. The holding company can register for filing access in Bizfile for authorised person s to carry out transactions with ACRA on behalf of the GC. The authorised person can be a secretary, an employee or qualified individual appointed, employed or engaged by the GC and who is not a registered filing agent.

At least one secretary from the holding company must also be appointed as the group secretary GS. The Registrar must be notified whenever there are changes to the business name, business address, business activities or if there are changes to the particulars of the sole-proprietor or partner.

The notification of change must be lodged with the Registrar online within 14 days from the date of change. There is no fee payable when filing these changes.

However a penalty may be imposed for late filing. There are certain changes which require the endorsement consent of all the partners. Such changes include the addition or withdrawal of the partners. The endorsement must be done within 14 days from the initial submission date. Some changes do not require any endorsement e. The Registrar must be notified whenever there are changes in the company name, registered office address, business activities or if there are changes to the particulars of the officers.

This is to submit charge related application such as registration of new charge, satisfaction of charge, etc. This is to update share information such allotment of new shares, transfer of shares, conversion of share, reduction of share capital and many more. There are two ways to close a company. ACRA may approve the application if there is reasonable cause to believe that the company is not carrying on business, and the company is able to satisfy the criteria for striking off.

The other way is to wind up the company. There are a few types of winding up. The Registrar must be notified whenever there are changes in the company name, registered office address, business activities or if there are changes to the particulars of the officers or authorised representative.

All foreign companies, during their annual filing, are required to lodge their financial statements as well as those of their Singapore Branches with the Registrar.

Before using this e-Service, members of public must first ensure that they had taken their digital photograph at the driving centre where they had passed their practical test as this digital photograph will be used to print on their photo card driving licence. You are advised to take the digital photograph at the driving centre before you book your practical test so that your digital photograph will be made available in the system and you can immediately apply for QDL online once you pass the practical test.

Once you have applied and make successful payment for your QDL online, your photo card driving licence will be mailed to you via registered post within 7 working days. Please note that if you do not apply and make successful payment for your QDL online, you will not be allowed to drive or ride. Do note that driving or riding without a valid driving licence is a serious offence and offenders will be prosecuted in Court.

If you already possess an existing valid Singapore driving licence and had just passed another class of driving licence, you do not need to take a digital photograph at the driving centre and apply for your QDL. After you had passed the practical test, the driving tester at the Traffic Police Test Centre will assist to paste an endorsement sticker with the new class of QDL that you had passed at the back of your existing valid Singapore photo card driving licence.