Singapore is easily one of the best places to start a business worldwide. A certificate of incorporation will be the final step after completing your business registration in this jurisdiction. However, contradicting information on the internet can easily confuse new business owners. That’s where we come in. This piece will reveal everything you need about the Certificate of Incorporation Singapore.
What is a Singapore Certificate of Incorporation?
Simply put, a certificate of incorporation (COI) is a document that proves the legal status of a registered company. It’s issued by the registrar of companies, also known as the Accounting and Corporate Regulatory Authority (ACRA), when a new company is incorporated.
However, you need to note that the Certificate of Incorporation isn’t the first document issued by the ACRA when you submit the company formation. Instead, you’ll first get an Incorporation E-notification. This document has a lot of similar information as compared to the certificate of incorporation. But it will not have the official signature of the registrar. The e-notification document will only contain details about your company and can be used as an unofficial proof of registration for your business.
On the other hand, the certificate of incorporation will contain an official signature of the registrar, and it’s proof that your company is registered in Singapore. You also need to note that the Incorporation E-notification is usually sent automatically to your email address, but your COI will only be sent after you’ve paid a small fee. After making payment, you’ll find the following information in the document:
- Company’s Registration Number
- Date of Incorporation
- Company Name
- Company Type
- Former Company Names (if any)
Importance of the Singapore Certificate of Incorporation
Establishing Business Credibility
The Singapore Certificate of Incorporation is more than just a legal record of a company’s formation, as it is a powerful tool in establishing credibility. By holding this document, a business demonstrates that it is formally recognized under Singapore law, which builds confidence among clients, investors, and partners.
Practical Business Applications
In practice, the certificate is often required in critical business processes. Banks usually request it when opening a corporate bank account, while government agencies may require it for applications involving business licenses or grants. The document’s role extends internationally as well, where it is used to assure foreign partners and investors of a company’s legitimacy.
Supporting Growth and Opportunities
The certificate also plays an important role in securing new opportunities. Whether in tender submissions, procurement exercises, or partnership negotiations, presenting a valid Singapore Certificate of Incorporation signals transparency and compliance, strengthening a company’s position in competitive markets.
Is a Singapore Certificate of Incorporation Compulsory?
So, why would a company in Singapore need a certificate of incorporation? Before entering into any formal agreements or contracts, the certificate might be one of the documents that’s required to be furnished to your potential partner or service provider.
You may also need this certificate for the following reasons.
- To open a corporate bank account
- Apply for a loan or any other type of financial investment
- To declare your business’s legal status
- To sell to third-party companies
How Do I Get My Singapore Certificate of Incorporation?
It’s possible to get your certificate of incorporation easily. However, you’ll need to have an incorporated company registered with ACRA and a SingPass. Then, you can go ahead to purchase your COI.
If you’re a new business owner and wish to get a certificate of incorporation, follow these steps:
- Navigate to ACRA’s BizFile+ Portal and log in with your Corppass account.
- Key in your company name or UEN number in the search bar.
- Click on “Other Information” and scroll down until you see “Certificate Confirming Incorporation of Company, then “Add to Cart”.
- Go to your “Cart” and check out the item.
- Pay a fee of S$50.
- You can retrieve the unique product download code under the ‘Messages’ section in your dashboard. Go to the ‘Buy Information’ section to enter the code and download the product. The Certificate of Incorporation will be in the .zip file that was downloaded.
- An email with this unique product download code will also be sent to your email address. Follow the same steps as above to download the certificate. The email will be sent within 30 minutes after confirming your payment.
Verification and Authenticity of the Singapore Certificate of Incorporation
Secure Features for Protection
To safeguard its value, the Singapore Certificate of Incorporation issued by the Accounting and Corporate Regulatory Authority (ACRA) includes unique identifiers such as authentication numbers or QR codes. These features are designed to prevent duplication and confirm the document’s legitimacy.
How Verification Works
Verification is straightforward and reliable. Stakeholders can cross-check the certificate’s details against ACRA’s official verification facilities, ensuring that the information provided is accurate and up-to-date. This process helps prevent fraudulent representations and builds trust during important business dealings.
Enhancing Trust in Cross-Border Activities
For companies involved in international transactions, authenticity is especially crucial. Overseas partners can rely on ACRA’s verification system to confirm that a business is lawfully registered in Singapore. This transparency not only protects transactions but also enhances Singapore’s reputation as a trusted and secure business hub.
How Can We Help?
Premia TNC has experienced business consultants with the resources to help your company. We have a team of experts handling the incorporation of different types of companies. So, rest assured that you’re getting top-rated services.
FAQs
What are the charges for getting the certificate of incorporation?
When applying for your certificate of incorporation, you'll be expected to pay a fee of S$50 (in addition to our handling charges if you require our assistance to extract it).
Why is the Singapore Certificate of Incorporation important for businesses?
The Singapore Certificate of Incorporation is more than a legal record of a company’s formation, it serves as proof of credibility and compliance. Businesses use it to build trust with clients, investors, and partners, and it is often required in processes such as opening a corporate bank account, applying for licenses, or securing grants. Internationally, it assures foreign partners of a company’s legitimacy, supporting growth and competitive opportunities.
How can I verify the authenticity of a Singapore Certificate of Incorporation?
The authenticity of a Singapore Certificate of Incorporation can be verified through the Accounting and Corporate Regulatory Authority (ACRA). Each certificate includes secure identifiers, such as authentication numbers or QR codes, which prevent duplication. Stakeholders can cross-check these details against ACRA’s official verification system to ensure accuracy and legitimacy. This process enhances trust in both local and cross-border business transactions.
