Updating Company Information and Officers in Singapore: A Guide for Businesses

23 January 2025

Editor: ET

Updating company information and officer details is a fundamental part of maintaining compliance in Singapore.

Keeping your company’s information updated with the Accounting and Corporate Regulatory Authority (ACRA) is a critical compliance requirement for all businesses in Singapore.

Changes to company officers, business activity, registered office address, or even the company’s name must be promptly reported via the BizFile+ portal. Failure to update information on time can result in penalties and reputational damage.

Further Reading: Step-by-Step Guide to Incorporating Your Business in Singapore

1. Changing Your Company’s Name

If you need to change your company’s name, the process is straightforward:

• Submit a Name Application: Apply for a name change on BizFile+ for a fee of $15.

  • The proposed name must comply with ACRA’s naming guidelines and may require in-principle approval from referral authorities for certain regulated terms.

  • Learn more about choosing a company name to ensure compliance.

• File a Notice of Resolution: Once the name application is approved, file a Notice of Resolution on behalf of your company.

• Complete the Name Change: File the change of name via the BizFile+ portal to update the records officially.

2. Updating Your Company’s Information

You must update your company’s information on BizFile+ within 14 days of any changes. Key updates include:

• Business Activity: Ensure the registered business activity reflects the current operations.

• Registered Address or Office Hours: Changes to the company’s registered office or business hours must be reported.

• Location of Registers: Companies incorporated before 3 January 2016 must update the place where the register of members and index is kept.

• Appointments or Cessation of Officers and Auditors: Notify ACRA of any new appointments or terminations of company officers, including directors and auditors.

For the appointment of new officers or auditors, the following details must be provided:

• Name and Identification Number

• Nationality and Residential Address

• Contact Address (if applicable)

• Contact Number and Email Address

• Position Held and Appointment Date

• Cessation Date (if applicable)

Note: There is no fee for notifying ACRA of these updates.

3. How to Update Information on BizFile+

Updating your company’s information is done entirely online via the BizFile+ portal. The steps include:

1. Logging into the portal with your CorpPass.

2. Selecting the relevant transaction (e.g., updating officers, changing registered address).

3. Filling in the required details and submitting the form.

Why Timely Updates Matter

1. Avoid Penalties: ACRA imposes fines on companies that fail to update their information within the stipulated timeline.

2. Maintain Credibility: Accurate information enhances trust among stakeholders and ensures smooth interactions with government agencies.

3. Regulatory Compliance: Timely updates ensure your company complies with Singapore’s business regulations, avoiding potential disruptions to operations.

How Expede Tech Can Help

At Expede Tech Pte. Ltd., we provide expert corporate secretarial services to help businesses in Singapore stay compliant. From updating company information to managing name changes, our team ensures all updates are completed promptly and accurately.

Further Reading: Registering a Charge for Companies in Singapore: Requirements and Procedures

Updating company information and officer details is a fundamental part of maintaining compliance in Singapore. With clear processes outlined by ACRA and tools like BizFile+, businesses can easily stay on top of their regulatory obligations. For seamless compliance management, consider partnering with professionals like Expede Tech.