GST Exemption List Singapore: Complete Business Guide for 2025
Complete guide to Singapore's GST exemption list. Learn which supplies are exempt, out-of-scope, or zero-rated and how it affects business compliance.
When doing business in Singapore, you need to verify who you're working with. Whether you're considering a new supplier, looking for a business partner, or vetting a potential client, checking their company registration details should be your first step.
In this guide, we'll walk you through how to use a Singapore company's Unique Entity Number (UEN) to verify its legitimacy, what important information to look out for, and red flags that might signal potential issues. We'll also show you how Wise Business can help streamline your business finances, giving you full visibility of your international transactions.
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Taking time to check a Singapore company's registration details isn't just bureaucratic caution - it's smart business practice. Here's why:
Singapore's reputation as a business hub makes it attractive not just to legitimate businesses, but to fraudulent operators, too. Verifying a company's registration helps ensure you're dealing with a genuine entity and reduces the risk of scams that could lead to financial losses and reputational damage.
When entering any business relationship, you need to confirm that the company is properly registered and in good standing with regulatory authorities. This step is crucial for making sure that you are also complying with regulations and avoiding legal complications down the line, especially when drafting contracts or forming partnerships.
Before engaging in significant transactions, investments, or partnerships, it's essential to conduct thorough due diligence. Checking a company's registration details provides insights into its history, structure, and legitimacy - foundational information for deciding who to work with.
Your business reputation is one of your most valuable assets. Partnering with or sourcing from unregistered or non-compliant companies can negatively impact how others perceive your business. Verification helps ensure your partners meet your high ethical and legal standards.
A company's registration details will reflect its stability. This information is particularly helpful when deciding whether to extend credit or negotiating safe payment terms with new business partners.
The primary method for verifying a Singapore company's details is through the Accounting and Corporate Regulatory Authority (ACRA), which maintains the official business registry in Singapore. Here's how to access this information:
The most direct way to check a company's registration is through ACRA's online portal, BizFile+:¹
Pro-tip: For a fee (typically SGD 5.50), you can purchase a company's business profile from ACRA. This comprehensive profile contains vital information, including:²
This official profile provides the most reliable and current information about a company's standing in Singapore.
The Unique Entity Number (UEN) is a standard identification number issued to all business entities registered in Singapore. It serves as the company's registration number and is used for all government transactions. The UEN replaced the former Business Registration Number (BRN) as part of Singapore's effort to streamline business identification.
➡️ You can learn more about UENs and how they're used in Singapore's tax system in our guide to Singapore tax identification numbers. ⬅️ |
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When reviewing a company's registration details, pay special attention to these key areas:
Most importantly, check if the company is currently active. A status of "Live" indicates the company is registered and operating. "Struck Off" means the company has been removed from the register (usually due to non-compliance or closure), while "In Liquidation" means the company is in the process of being dissolved.
The registered address should be a legitimate business location. Be cautious if you notice:
Check whether the company's registered business activities align with what they claim to do. Significant discrepancies could indicate potential misrepresentation or even fraudulent intentions.
Review who's behind the company:
This represents the amount of money shareholders have invested in the company. While a low paid-up capital doesn't automatically signal problems, it's worth noting if:
Look for any past or pending legal issues or regulatory actions against the company:
Compare information from different sources:
Use this step-by-step checklist when checking a company's details:
If you're having trouble locating a company, try these approaches:
As of March 2025, the cost of obtaining a business profile from ACRA is typically around SGD 5.50. ACRA accepts various payment methods, including credit cards and online banking transfers.
If you have reason to believe a company is engaging in fraudulent activities:
If you're interested in registering your own company in Singapore, we have comprehensive guides to help you through the process:
💡Pro tip for overseas business owners: When starting a business in Singapore, you'll likely need proof of address for various services, such as setting up utilities or telecommunications. While traditional Singapore banks might present challenges for foreign business owners, a Wise Business account can provide a convenient solution. You can open an account in minutes and use your account statements as proof of address for many business services. |
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While you're checking on potential business partners, it's equally important to keep track of your own business transactions.
Many business owners find that traditional business bank accounts make it difficult to get full visibility of their cash flow, especially for international transactions with frequent currency exchanges.
💡This is where Wise Business can help. It works alongside your traditional business account to provide
Whether you're paying suppliers, receiving payments from international clients, or managing expenses across borders, Wise Business gives you the transparency and control you need, all while keeping costs down.
Get started with Wise Business today
Wise Business pricing/fees: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information.
1 - BizFile
2 - How to Buy an ACRA Business Profile
Sources checked on 25.03.2025.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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