Renewing your Registration for Sole proprietorship/Partnership
You must renew the business registration before the expiry date if you intend to continue running the sole proprietorship/partnership. You can renew the business registration up to 60 days before the expiry date. If you are late in renewing the business registration, a penalty may be imposed for late renewal.The registered owners of the sole proprietorship/partnership must ensure that their Medisave contributions are paid up-to-date with the CPF Board; otherwise the business registration cannot be renewed or the business registration may be cancelled.
For renewal of business registration, the following payment modes will be accepted:
1) Credit/ Debit Card (Visa or MasterCard);
2) PayPal;
3) Apple Pay;
4) Google Pay
Existing business owners who are on GIRO may use any one of the payment modes above, as GIRO payment option will no longer be available from 1 Sep 2024.
Submitting your transaction via Bizfile
Log in to Bizfile.
Submit an application via the "Renew business registration" eService. Select the period of renewal and proceed with the online payment. You have the option to renew the registration for one year or three years:
| Renewal fees (non-refundable) | |
|---|---|
| One year | $30 |
| Three years* | $90 |
*The three-year renewal option is only available if:
- You have fully paid up your Medisave with the CPF Board, or
- You are on a regular instalment plan for your Medisave payments and have a good record of Medisave contributions i.e. prompt Medisave contributions for up to 24 months prior to renewing the business registration, or
- You have never been registered with the CPF Board as a self-employed person.
Free Business Profile
Once you have successfully renewed your business registration, ACRA will send you an email with a URL to download a free Business Profile – an electronic report containing business registration information of that entity.
For more information, visit Free Business Profiles.
Closing the Business
If you have no intention of continuing the business and do not wish to renew the business registration, you should file the transaction using the "File cessation or dissolution of business entity" eService in Bizfile to close the business before the expiry date. There is no fee for filing this transaction.
