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Corporate Compliance Requirement | CorpPass Registration and Third Party Authorisation
A CorpPass is used by business and other entities such as non-profit organisations or associations as a digital business identity. This digital identity is what is used for transactions with Government agencies that are done online.
The CorpPass is owned by the Ministry of Finance and managed by the Government Technology Agency, also known as GovTech. This is the first time that the government is unveiling a single corporate digital identity and this step will create more opportunities for services and transactions to be conducted online in a convenient and secure manner.
CorpPass will be required for local entities bearing a Unique Entity Number (UEN) and for foreign business entities who wish to access the Government-to-Business digital services in Singapore.
What CorpPass Will Do For Businesses
Currently, a lot of business transactions are being conducted through digital entities such as SingPass and EASY. Multiple digital identities can sometimes be confusing to keep track of and users may become wary about the level of security for transactions conducted online.
Which is why CorpPass is the way to go. CorpPass’s single corporate digital identity structure enhances the level of convenience for users, especially those who conduct transactions with multiple government agencies because they will not need to handle multiple login identities anymore. This allows businesses to have a greater level of control as well since they will be able to grant access and manage the employees access to these digital government services.
Registering for a CorpPass
There are four types of CorpPass account to choose from:
- The CorpPass Administrator account (CorpPass Admin)
- The CorpPass Sub-Administrator account (CorpPass Sub-Admin)
- The CorpPass Enquiry User account
- The CorpPass User account
The CorpPass Admin and CorpPass Sub-Admin is able to do transacting with digital services, view the entity’s details on CorpPass, create other CorpPass accounts and manage the users and digital services access. The CorpPass Enquiry User is only able to transact with digital services and view the entity details on CorpPass, while the CorpPass user account is only able to transact with digital services and nothing more.
To obtain a CorpPass, businesses would need to enlist the services of a Registered Officer (RO) who has a SingPass account to get the registration done. The CorpPass Administrator and user would also need to be a SingPass account holder. The CorpPass Administrator will be nominated by the RO.
The RO will be able to approve, view and terminate the CorpPass Administrator accounts by logging in with their SingPass on the CorpPass website. For the RO to be able to transact with the digital services, they would need to register for a CorpPass Administrator account for themselves and have the entity’s CorpPass Administrator create a CorpPass User account for them.
To set up a CorpPass for your business entity will require you to register for a CorpPass Admin account to do so. If you would like to register for a CorpPass account for your company, the local company director would be able to get it done as long as they have a valid SingPass account.
For more information, please refer to the Step-by-Step Guide and Self-Help Videos available at www.corppass.gov.sg/corppass/common/userguides.
See the videos below for detailed guidance from 3E Accounting on acquiring a CorpPass.
Part 1. How to Register for CorpPass ID and Setup for User
Part 2. How to Activate CorpPass User when You Receive Invitation from Admin