Compliance

  • Business must be carried out under the registered business name.
  • Print your registration number on all letterheads, invoices, bills or other documents used for the purposes of the business.
  • Renew your business registration annually on time using BizFile. Notify ACRA immediately if there is a change of business particulars, such as a change of address or business activity.
  • Notify ACRA the moment you decide to end your business using BizFile.
  • Sole proprietorships do not need to audit their accounts or file annual returns with ACRA as any profits will be taxed as personal taxes.