- March 12, 2022
- Posted by: KRANTI kranti
- Category: Knowledge Base
Although, it can be a hassle to keep and maintain all the company documents safe. The documents serve as tangible proof of the overall company’s development and the state government approval. The official documents and certificates play a crucial role in helping you get licensed to form a company. After forming a company, you can effectively carry out the business plans. According to Singapore’s Accounting and Corporate Regulatory Authority (ACRA), different certificates are available for all the incorporated companies in Singapore. Keep reading about the five essential certificates that an incorporated company in Singapore should surely buy.
Certificates to Buy As An Incorporated Company in Singapore
Certificate of Good Standing
To certify your current status as a registered incorporated company in Singapore, you need this certificate of good standing. This certificate certainly consists of the company number, activities and description, date and receipt, along with the ACRA registrar’s scanned signature. Also, the certificate is always subject to availability. The public can easily purchase it. Further, Any good standing certificate validates the live companies in Singapore.
Certificate of Confirming Registration / Incorporation of the Entity
The certificate of confirming registration mainly gives accreditation to the registered entities in the country. Once the structure of your company gets approved, meanwhile the registration filing process takes place under governing agencies. Also, note that certificates you will buy will be including the company’s essential details like the effective date of any incorporating company. However, The different types of registration certificates are:
- Incorporation of company
Registration of
- Business Name
- Limited Liability Partnership
- a foreign company
- Limited Partnership
This certificate for your incorporated company costs you around $50.
A certificate that Confirms the Company’s Registration of Charge
This is the correct certificate to buy if you are a company that needs its company’s confirming registration with ACRA. A statement is addressed in the certificate that guarantees the company’s registration. The issued certificates include authentication number, business profile, charged identification and signature. The certification costs you around $50.
Certificate of Confirming Approval to Hold Land Under Section 23 (5)
If you buy this certificate for your company, it certainly claims that you can hold land under section 23 (5). Section 23 includes the land and establishments of various businesses. However, some business entities need to follow some specific conditions after buying this certificate of confirming approval to hold ground. The position holders and the authorised filing agents of the business entity are allowed to view and purchase the certificate after logging in to BizFile+.
Certificate of Conversion (Entity and Company Type)
It is essential for every incorporated company to buy the certificate of conversion. Moreover, the following will confirm the company’s conversion along with the business entities.
Importantly, The certificate of conversion certifies the following things:
- From business to limited liability partnership
- Company to limited liability partnership
- From limited company to unlimited company
- Private company to public company
- From public company to private company
- unlimited company to company limited by Guarantee
- From unlimited company to company limited by shares
In addition, the total cost to get this certificate of conversion is 50$ for any company and entity type.
Inctro – Your Business Support Service Provider
Inctro is a leading business support service provider in Singapore that aims at easing the company establishment related issues for any new company. In addition, the professional team at Inctro is there to assist you with all the necessary things required for establishing an incorporated company in Singapore. If you are among those newly set incorporated companies, then Inctro will guide you on how to get those most importantly required certificates to establish an excellent incorporated company in Singapore. However, several certificates are available to buy as an incorporated company. But making things easy for you is the primary task of Inctro. To sum up, Inctro will guide you in detail to resolve your business matters while also offering you a clear and comprehensive pattern throughout the company establishment journey.