Since Singapore has been a business hub for the last few years now, entrepreneurs should acquire registration for the formation documents. These documents are essential for the process of company incorporation. With these documents, you can provide physical proof of approval from the state government.
Certificate of incorporation or articles of information provides approval that these bodies have granted you the license to start a company. This will be the place where you plan to set up your establishment.
For any company incorporation process, you can provide the certification in the form of a digital copy or a physical copy. As an entrepreneur, ACRA says you should have the following documents and certificates for incorporating companies.
1.) Certificate of Good Standing:
This document proves the current status of your company that is based in Singapore. The document includes company number, activities, description, date, and receipt. Along with these things, it also includes the official signature of the ACRA registrar’s scanned signature.
This document is subject to its availability, and hence, the public can purchase it. The certificate of good standing provides validation to the existing companies.
2.) Certificate of Registration Confirmation/Incorporation of the identity:
This certificate provides accreditation to the companies that are registered within the country. When the structure goes under approval, the registrations are put across under the governing agencies.
It should be noted that certificates that you need to buy should include all the important information. This includes incorporating the company’s date of operation until termination. The list of details that you need to provide are:
- Incorporation of the company
- The name of the business that is registered.
- Registration of Limited Liability Partnership (LLP)
- Registration of Limited Partnership
- Registration of the foreign company
3.) Certificate Confirming Registration of Charge:
The companies that compulsorily require registration with ACRA, this certificate is a must for those companies. This certificate proves as an assurance that the statement has been addressed for the entity registration.
It includes the following things:
- Authentication number
- Business profile
- Charged identification
This certificate also consists of the debentures formed by the corporations.
4.) Certificate of Confirming Approval to Hold Land under Section 23 (5):
This certificate verifies that an entrepreneur has the successful registration of the request to Hold a Land under Section 23 (5). It enlists the property of business establishments and land appurtenances. These can be held as stock-in-trade assets. But in some cases, certain entrepreneurs have to follow certain conditions and rules.
5.) Certificate of Conversion (Entity and Company Type):
Every company does not require to purchase these. The following guarantees the conversion of the company structures along with the business entities. According to the purchase information of certificates that can be found on the official website of the ACRA.
The certificate certifies the following things:
- From business to limited liability partnership.
- From company to limited liability partnership.
- From limited company to unlimited company.
- From private company to public company.
- From public company to private company.
- From unlimited company to company limited guarantee.
- From unlimited company to company limited by shares.
Wrapping it up:
There are a couple of certificates you should buy when you incorporate a company in Singapore. But these documents display your company’s establishment authority and status. Additionally, if you are unable to provide the correct certificates may cause troubles when you try to change your entity. Experts generally recommend you to contact incorporation agencies before you decide and file.