ACRA
The Accounting and Corporate Regulatory Authority, Singapore's registrar of companies. It holds the record of who a business is: its registered name, its UEN, its officers and its shareholders. An ACRA business profile is the document most merchant applications ask for, because it is the authoritative answer to questions an applicant could otherwise answer any way they liked.
Why it matters to a merchant
The profile is the document, and the thing that catches applicants out is its age: a provider will usually want a recent one, not the copy filed away when the company was incorporated. Pulling a fresh one before starting an application removes the single most common round-trip in onboarding.
Read more: Getting a merchant account in Singapore: documents, timeline and what gets checked
Where this comes up
Pages on this site that deal with this in context:
Related terms
In this section: Licensing and regulation in Singapore
- MAS (Monetary Authority of Singapore)
- Payment Services Act 2019
- MPI (Major Payment Institution)
- SPI (Standard Payment Institution)
- MAS Financial Institutions Directory
- KYC / KYB
- Beneficial owner
- PCI DSS
- Merchant Acquisition (licensed activity)
- UEN (Unique Entity Number)
- PDPA (Personal Data Protection Act)
- AML / CFT