Getting to Know BizFile
BizFile is an online platform developed by the Accounting and Corporate Regulatory Authority (ACRA) that is used for keeping and retrieving business-related details. It boasts over 300 electronic services that users can utilize, such as kicking off a new venture, updating any changes in your company’s information, registering as a filing agent, or even purchasing profiles on businesses or individuals.
Who Can Access BizFile?
BizFile is accessible to businesses and their approved representatives, who can log in via SingPass to access various functions. SingPass is only available to Singapore residents, Permanent Residents (PRs), and foreigners holding valid work permits. If you’re an overseas individual who isn’t eligible for a SingPass, you must appoint a filing agent or a company secretary to perform these duties on your behalf.
Unique Aspects of BizFile
Individuals can reap the benefits of more than 300 e-services offered by BizFile, a few of which are:
- Locking in your business name
- Initiation of a new enterprise
- Updating any changes related to your company’s information or key officers
- Submission of annual returns and other pertinent financial statements
- Notifying about any new charge over assets in the context of security for a new loan
- Wrapping up or removing your company
- Purchasing commercial information such as profiles of individuals or companies, business registers, extracts, and various certificates available with ACRA.