ACRA, Singapore’s Accounting and Corporate Regulatory Authority, recently issued an updated requirement! After January 1, 2018, Singapore companies need to use CorpPass to log in to the Singapore Accounting and Corporate Regulatory Authority website for any transactions, and Singpass will no longer be allowed to use as a corporate identity. Editor Fu Zhilin specially shared this dry goods with everyone ~ let’s take a look together!

 

From March 25, 2017, all Singapore companies will need to use the new corporate digital identity CorpPass to conduct related online business with ACRA , the Singapore Accounting and Corporate Regulatory Authority . The launch of CorpPass is intended to replace the current status of Singapore business entities still using SingPass for business. By separating the login IDs used for corporate and personal affairs, CorpPass can better protect the personal privacy of Singapore company employees, while providing better confidentiality protection for the company’s sensitive business information.

If your company does not yet have a CorpPass ID, please visit www.corppass.gov.sg to apply.

Transition

Until December 31, 2017, Singapore enterprises can continue to use SingPass to conduct business on the Singapore Accounting and Corporate Regulatory Authority website. From January 1, 2018, Singapore corporate entities can only conduct any online business with ACRA through the CorpPass account.

Except for appointments of entities not registered with the Singapore Accounting and Corporate Regulatory Authority (for example, a person applying for registration of a Singapore business or company for the first time, a qualified registered individual applying for the first application, a certified public accountant or an approved liquidator). Such individuals can use SingPass to conduct online business with ACRA in Singapore regardless of time limit until they have a UEN registration number. When such a person has a UEN registration number, they need to pass a CorpPass account in order to conduct online business on the Singapore Accounting and Corporate Regulatory Authority ACRA.

Do business on ACRA’s website-when to use SingPass or CorpPass

period	If you are	BizFile +	BizFinx
Conversion period: March 25, 2017 to December 31, 2017	Appointments by corporate entities registered by the Singapore Accounting and Corporate Regulatory Authority-such as existing company owners, company directors, accountants and approved financial liquidators. Persons appointed by Registered Filing Agents -such as qualified registered individuals and designated employees	Both SingPass and CorpPass are available.
	Not appointed by a business entity registered with the Singapore Accounting and Corporate Regulatory Authority-such as a first-time application for a business owner, a first-time qualified registered individual, a certified public accountant, or an approved financial liquidator.	SingPass is available	Not applicable
From January 1, 2018	Appointments by corporate entities registered by the Singapore Accounting and Corporate Regulatory Authority-such as existing company owners, company directors, accountants and approved financial liquidators.  Persons appointed by Registered Filing Agents-such as qualified registered individuals and designated employees	Only use CorpPass
	Not appointed by a business entity registered with the Singapore Accounting and Corporate Regulatory Authority-such as a first-time application for a business owner, a first-time qualified registered individual, a certified public accountant, or an approved financial liquidator.	SingPass is available	Not applicable
	Deposit Service AccountPay BizFile + transactions through a deposit service account	Only use CorpPass	Not applicable
	Premium Member of ACRA iShop (for corporate entity / UEN number)	Only use CorpPass	Not applicable

If you are:

Authorized personnel associated with multiple entities

You can log in to BizFile + or BizFinx using the CorpPass ID of any affiliate to conduct business on the Singapore Accounting and Corporate Regulatory Authority website on behalf of the affiliate.

Corporate Service Provider

Registered Filing Agents (RFAs-Registered Filing Agents) must register CorpPass and assign a CorpPass account to their Registered Qualified Individuals (RQI) and designated employees to handle their business with the Singapore Accounting and Corporate Regulatory Authority on behalf of their clients.

Group company

Singapore Holding Group Corporation must register CorpPass and assign the CorpPass account to the group secretary and designated employees to be able to conduct business on the Singapore Accounting and Corporate Regulatory Authority website through Bizfile + for this group and group subsidiaries.

Foreign entity

Please note that while foreign entities (such as companies registered overseas) can apply for CorpPass in the future, they will not be able to use the CorpPass account to access Singapore Accounting and Corporate Regulatory Authority’s digital services. Only branches of foreign companies registered with the Singapore Accounting and Corporate Regulatory Authority have access to the digital services of ACRA, such as BizFile + and BizFinx. The visit will be verified by providing the National Registered National Identification Number (NRIC) or Foreign Identification Number (Fin) number of the foreign company.

Singapore Channel 8 News also reported that in the six months since the launch of CorpPass , the commercial government electronic password, one quarter of private companies and approximately 25,000 companies have registered accounts. The Singapore government urges businesses that have not yet registered to register before the end of the year and not to wait until the last minute.