A Certificate of Incumbency is issued by a business entity containing the names of all current directors of a company which is based there. In certain instances, it may also contain the names of the most important shareholders of the company.
The primary use of a Certificate of Incumbency is to verify the identity of an individual who has been performing legally binding transactions in the name of the company.
Certificates of Incumbency in Singapore
In Singapore, a Certificate of Incumbency may also be known as a company’s ACRA business profile. Every Singapore incorporated company has a Certificate of Incumbency automatically issued upon registration. It is the most common business document used for verification.
This information includes:
The company’s current and former names (if the company has any former names),
Registered office address,
Any charges which may have been incurred by the company,
Names and identification numbers of shareholders,
Address of shareholders
Current status of the company,
Date on which the company’s most recent annual filings were made,
Names and identification numbers of company’s corporate secretaries,
Names and identification numbers of managers, directors, and managing directors.
May also be used for verification purposes with government authorities of countries other than Singapore. In such cases, the certificate will usually have to first be either legalized or notarized.
By third parties to conduct a background check opposite parties in a commercial transaction.
In applying for any additional licenses or permits required by the business.
Of course, before anyone can make use of or even possess a Certificate of Incumbency, a company will first have to be incorporated. If you would like to have a Singapore company of your own incorporated, we at Paul Hype Page & Co are able to make it so that such will be done. Our incorporation experts will work with you throughout the entire process of Singapore company incorporation. Should your company be in need of a nominee director, a company secretary, or both, we will also select a person who is suitable for each necessary role in order to fulfill the requirements specified by Singapore’s company laws.
Where can I get professional advice for annual compliance?Tiwi2020-12-16T10:38:57+08:00
You can engage with an expert from Paul Hype Page. Paul Hype Page is a Full Practicing Member of the institute of Certified Public Accountants of Singapore (ICPAS) and also registered as a Public Accounting Firm with Accounting and Corporate Regulatory Authority (ACRA).
My company’s financial year is not 12 months, what should I do?Tiwi2020-12-16T10:38:29+08:00
It depends on the size of your company. If your company has only 1 director, then this director is the only person who needs to acknowledge on documents submitted with the annual returns;if your company has more than 1 director, your company will need at least 2 directors to acknowledge on documents submitted with the annual returns
What happens if I file the annual returns after the deadline?Tiwi2020-11-17T17:18:23+08:00