Singapore has long been recognized as a leading country in Asia for applying advanced technology across various sectors, particularly in business. According to the Transparency International (TI) report, Singapore ranks among the top 5 countries with the most transparent and business-friendly environment, thanks to the continuous efforts and policies of its government. One of the key initiatives is BizFile+, developed by ACRA (Accounting and Corporate Regulatory Authority), aimed at storing and providing information about companies registered in Singapore, enhancing transparency and public access to business data in the market. All company information registered with ACRA can be easily accessed in electronic form through the BizFile+ portal.

In this article, Koobiz will provide an in-depth introduction to the BizFile+ business portal and guide businesses on how to log in to access its services.

1. What is BizFile+ Singapore?

BizFile+ is an online service platform provided by ACRA (Accounting and Corporate Regulatory Authority) in Singapore, offering over 400 different electronic services, acting as a bridge for businesses in the process of company incorporation in Singapore.

Considered the official online business information system, BizFile+ allows SingPass holders to log in at www.bizfile.gov.sg to quickly and accurately access business-related information in Singapore.

Designed with security, flexibility, and resource efficiency in mind, BizFile+ handles tasks ranging from simple to complex processes. This platform not only simplifies the retrieval of information and submission of annual filings to ACRA but also replaces the traditional paper-based filing method, significantly reducing time and increasing efficiency.

Among its over 400 electronic services, BizFile+ is most widely recognized for its business information service, which enables users to search and verify the legal and financial details of any company registered in Singapore with ACRA.

2. What features does BizFile+ Singapore offer?

Individuals and businesses in Singapore use BizFile+ to perform the following essential tasks:

Register business information in Singapore online.
Submit applications for company closure in Singapore online.
Check and update business information (in electronic form) on BizFile+, ensuring data accuracy and currency.
Purchase data reports, such as industry reports in Singapore, for business research and strategy development.

With its flexible and convenient features, BizFile+ is a valuable tool for businesses in managing and operating companies in Singapore.

3. Extracting Business Information (Electronic Version) in Singapore on BizFile+

As mentioned, in addition to serving as a communication channel between businesses and ACRA throughout the company's operation in Singapore, BizFile+ is also regarded as a database system that stores information for all businesses in Singapore.

After a company is incorporated in Singapore, related documents, such as the company’s business license, are stored on the BizFile+ system. Businesses will only receive the license in electronic form rather than a traditional hard copy.

All business documents will exist solely in electronic form, which can be directly extracted from ACRA. These electronic versions are legally valid and recognized for business activities as well as for opening a bank account in Singapore.

If a business wants to obtain an electronic version of the company’s business license or any other company-related information, they can register to purchase the data stored on BizFile+. However, to access BizFile+ and make transactions, users must have a SingPass, and there will be associated costs.

Note: To access ACRA’s BizFile+ transaction portal, users must have a SingPass. Therefore, only those with SingPass are allowed to access and perform transactions on this platform.

To check if your business already has SingPass, you can verify through the following link: https://www.singpass.gov.sg/home/ui/login.

4. What is SingPass?

SingPass, introduced in March 2003, is an online account that allows Singaporean citizens to securely interact with government services. SingPass stands for "Singapore Personal Access," a personal access account that enables users to access and conduct transactions with over 60 government agencies, including BizFile+, with high security.

SingPass is managed by the Government Technology Agency of Singapore (GovTech) and is continuously reviewed and improved to enhance security, ensuring that user transactions are conducted smoothly and successfully.

Eligibility for SingPass registration includes individuals aged 15 and above, including:

Singaporean citizens.
Permanent residents.
Foreigners holding work permits in Singapore, such as Employment Pass, Personalized Employment Pass, Dependant Pass (EP, PEP, EntrePass, S-Pass), Long Term Visit Pass (LTVP), or LTVP+.

SingPass offers convenience and security in dealing with government agencies, enabling users to easily access online services without needing to visit government offices in person.

5. Frequently Asked Questions when using BizFile+ Singapore

1. Can a business update changes to its business activities on BizFile+?

Yes. Businesses can update changes to their business activities on the ACRA system through BizFile+. Failure to update these changes may result in a fine of up to 5,000 SGD. Koobiz will assist you in making these updates and changes to avoid any penalties.registration?

If you are a business owner in Singapore with a Corpass or SingPass account, you can renew your BizFile+ registration up to 60 days before the expiration date. This ensures continuous access to BizFile+ services.

3. Can a business change its company name online through BizFile+?

Yes. Business owners in Singapore can change their company name online via BizFile+. After the company name is successfully changed, you will need to submit a Notice of Resolution and complete the name change procedure in your business records.

Koobiz is always ready to assist you in completing these procedures on BizFile+ to ensure smooth and compliant processes.

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