Introduction
Singapore remains a top destination for entrepreneurs, investors, and multinational corporations. At the core of its robust business environment is the Accounting and Corporate Regulatory Authority (ACRA).
This guide explains ACRA’s role in Singapore’s business ecosystem, including registration, filing obligations, and compliance requirements. Businesses planning to set up in Singapore may also review Singapore company incorporation services for an overview of the registration process.
What is ACRA?
ACRA is the statutory body responsible for regulating business entities, public accountants, and corporate service providers in Singapore. Its mission is to foster a trusted and vibrant business environment through effective registration, regulation, and compliance oversight. For more, visit the official ACRA website.
Why Is ACRA Important?
- Legal Foundation: All companies, partnerships, and sole proprietorships in Singapore must be registered with ACRA.
- Compliance: Annual filings, director appointments, and statutory records are monitored and enforced.
- Transparency: ACRA’s BizFile+ platform supports due diligence and promotes trust in Singapore’s business ecosystem.
- Support: ACRA provides resources and guidance to help businesses meet their obligations efficiently. See their Resource Library for guides and templates.
Regulatory Updates for 2026
Digitalization of Corporate Compliance
- Mandatory e-Filings: From January 2026, all statutory filings—including annual returns, changes to company particulars, and financial statements—must be submitted electronically via BizFile+. Physical submissions are no longer accepted.
- Enhanced Digital Verification: Stronger SingPass authentication and multi-factor verification are now standard for all officers and filing agents.
Sustainability Reporting
- Expanded Sustainability Disclosure: Medium and large enterprises (as defined by ACRA) are now required to include a basic sustainability statement in their annual filings. Learn more about sustainability reporting requirements.
- Templates and Guidelines: ACRA provides reporting templates to help companies comply.
Director and Officer Requirements
- Continuous Professional Development: Directors of private limited companies are now required to complete a short online compliance module (provided by ACRA) upon appointment and every three years thereafter.
- Improved Transparency: Shareholder and beneficial owner registers must be updated and confirmed annually, with stricter penalties for non-compliance. See the Register of Registrable Controllers guide.
Filing Agent Oversight
- Enhanced Accreditation for Filing Agents: All ACRA-registered filing agents are subject to new continuing education requirements and annual audits.
- Increased Public Scrutiny: The list of accredited filing agents and their compliance record is now available via BizFile+.
Fee Adjustments and Penalties
- Adjusted Filing Fees: Some statutory filing and late penalty fees have been revised for 2026. Review the latest fee schedule to avoid surprises.
Step-by-Step: Setting Up and Maintaining a Business with ACRA
1. Choose Your Business Structure
- Consider whether a private limited company, partnership, or sole proprietorship best suits your goals.
2. Reserve Your Business Name
- Use BizFile+ to check and reserve your preferred business name, ensuring compliance with ACRA’s guidelines.
3. Appointing Key Personnel
Ensure you meet residency requirements for directors and appoint a qualified company secretary within six months of incorporation.
4. Preparing Incorporation Documents
Have your company constitution, identity documents, and address details ready for submission. Refer to ACRA’s incorporation checklist.
5. Registering Online
Submit your incorporation application via BizFile+. Most applications are processed within one to two business days.
6. Meeting Ongoing Obligations
- File annual returns and, where required, financial statements and sustainability reports.
- Hold Annual General Meetings (AGMs) unless exempt.
- Promptly update any changes in company particulars.
- Maintain accurate and accessible statutory registers.
After incorporation, companies must meet annual filing and governance obligations. These responsibilities are explained in more detail in our corporate secretarial and compliance guide , which outlines statutory registers, annual returns, and governance requirements.
ACRA-registered filing agents are authorised to submit incorporation documents, manage filings, and support ongoing compliance. Businesses seeking professional assistance may refer to corporate secretarial services in Singapore for an overview of regulated support functions.
The Role of ACRA-Registered Filing Agents
Navigating ACRA’s regulatory landscape can be complex, especially with evolving requirements. ACRA-registered filing agents are authorized professionals who assist with incorporation, annual filings, compliance updates, and advisory services. They receive ongoing training, are subject to strict compliance audits, and play a crucial role in helping businesses operate smoothly within Singapore’s legal framework.
For entrepreneurs or foreign investors, using an experienced filing agent can simplify Singapore incorporation, ensure timely compliance, and offer peace of mind as you navigate Singapore’s robust regulatory environment.
Overview
ACRA’s regulations continue to evolve to promote transparency, efficiency, and sustainability in Singapore’s business environment. Staying informed about the latest updates—and understanding your compliance responsibilities—is vital for long-term business success. Whether handling filings directly or engaging a registered filing agent, entrepreneurs and business owners should make regulatory compliance a central part of their operations as we move into 2026.
The information provided on this blog is for general informational purposes only and is not intended to constitute legal, tax, immigration, or professional advice. While we strive to keep the content accurate and up to date, regulatory requirements and policies in Singapore may change over time.
Readers should seek appropriate professional advice or consult relevant government authorities before making any business, legal, or compliance decisions. Terra Advisory Services and its affiliates disclaim any liability for actions taken or not taken based on the content of this blog.