5 Certificates to Buy as an Incorporated Company

SG Incorporating Companies: 5 Documents and Certificates to Buy

Business people should register for formation documents when incorporating companies. With the state government’s approval, it serves as tangible proof of your development. Certificate of Incorporation or Articles of Incorporation affirms that the governing bodies granted you a license to form a company where you plan to establish your establishment.

The confirmation certificates could be electronic or printed to incorporate companies and business entities. According to the Accounting and Corporate Regulatory Authority (ACRA), the following are the certificates for incorporating companies available for purchase.

 

Certificate of Good Standing

This document would certify your current status as a registered company in Singapore. The company number, activities and description, date and receipt, and the ACRA registrar’s scanned signature. Moreover, this certificate is subject to availability and, therefore, can be purchased by the public. The good standing certificate validates live companies.

 

Certificate of Confirming Registration / Incorporation of Entity

Confirming certificates gives accreditation to entities that are registered in the country. While the company structure is approved, registrations are filed under the governing agencies. Do note that certificates to buy include essential details, such as the incorporation companies’ effectivity date until the termination. This consists of the following:

• Incorporation of Company
• Registration of Business Name
• Registration of Limited Liability Partnership
• Registration of Limited Partnership
• Registration of Foreign Company

 

Certificate Confirming Registration of Charge

This is the right certificate to buy for companies that require confirming registration with ACRA. It guarantees that a statement is addressed following the registration of an entity. This includes authentication number, signature, business profile, and charged identification. The Certificate Confirming Registration of Charge also covers the debentures created by corporations.

 

Certificate of Confirming Approval to Hold Land Under Section 23 (5)

The certificate of approval in accommodating land verifies the successful lodgement of a request to Hold Land under Section 23(2). This section covers the property of business establishments and land appurtenant thereto held as stock-in-trade assets. Do note that some entities have to follow specific conditions if applicable.

 

Certificate of Conversion (Entity and Company Type)

Although not every incorporating company necessitates to purchase these, the following confirms the conversion of company structures and business entities. According to the buying information of certificates on the official website of the ACRA, this certifies the following:

• From Business to Limited Liability Partnership.
• From Company to Limited Liability Partnership.
• From Limited Company to Unlimited company.
• From Private Company to Public Company.
• From Public Company to Private Company.
• From Unlimited Company to Company Limited by Guarantee.
• From Unlimited Company to Company Limited by Shares.

 

In Conclusion

There are several certificates to buy as an incorporated company, but these documents would determine your business establishment’s authority and status. Moreover, being unable to hand over the certificates might cause pitfalls when attempting to change your entity. Experts would recommend contacting incorporation agencies before deciding and filing.

Fortunately, 3E accounting offers Singapore’s most reliable Incorporation Services to help you plan and execute your business ideas in the competitive industry. This award-winning incorporation agency will guide you in resolving business matters while providing a clear and comprehensive pattern throughout the journey. There are higher chances of experiencing success with the cooperation of the professionals within the field.