CATEGORY: NEWS AND ANNOUNCEMENTS
9 June 2025
The Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act will come into effect on 16 June 2025. The Act introduces new requirements to enhance the transparency of companies and Limited Liability Partnerships (LLPs), and reaffirms Singapore’s commitment to combatting money laundering, terrorism financing and other threats to the integrity of the international financial system.
The key amendments are as follows:
Register of Controllers
- All new companies (including foreign companies) and LLPs must maintain a Register of Controllers from incorporation.
- Annual verification of controller information is mandatory, with controllers required to provide signed and dated confirmation of information accuracy.
- The timeline for updating controller particulars in the private Register of Controllers has been extended from 2 business days to 7 calendar days.
Register of Nominee Directors
- Foreign companies must maintain a Register of Nominee Directors at their registered office or registered Corporate Service Provider's office.
ACRA Central Registers Filing Requirements
- ACRA to maintain central registers of nominee directors and nominee shareholders.
- Existing companies (including foreign companies) have until 31 December 2025 to submit information about their nominee directors and nominee shareholders.
- New companies (including foreign companies) and LLPs incorporated from 16 June 2025 must submit controller and nominee information on the date of incorporation or registration.
More information can be found here.
2025/06/11
