What is CorpPass and how to authorize a third party?

Businesses Established in Singapore have to regularly conduct online transactions with the government such as tax reporting, filing ECI, C/CS forms, updating biz profile through various electronic identifiers such as e-Services Access Code, IRAS PIN, etc.

From September 01, 09, CorpPass will become the only login method for transactions between the Government and businesses. Other login methods for online transactions with the government will not be accepted. Businesses should register for CorpPass now to make business transactions smoother.

In the following article, GLA will give an overview of CorpPass and how to register CorpPass for businesses.

1. What is CorpPass?

CorpPass is used by businesses and other organizations such as nonprofits. to create digital identities for online transactions with government agencies as tax report, submit ECI, form C/CS, update biz profile, etc.

CorpPass is owned by the Ministry of Finance and managed by the Government Technology Agency (GovTech). This is the first time the government has issued a unique electronic identification code for businesses.

This move will create more opportunities for businesses to perform services and transactions online conveniently and securely.

Singapore companies with a Unique Entity Number (UEN) and foreign companies wishing to access Singapore Government digital services are required to have a CorpPass.

1. Advantages of CorpPass

Nowadays, many business transactions are conducted through digital platforms such as SingPass and EASY. Having multiple digital identifications can sometimes be difficult to track and users will become wary of the level of security for online transactions.

That is why the government decided to issue CorpPass. CorpPass will become a single business electronic identification code, improving convenience for users, especially those who conduct transactions with multiple government agencies because they will no longer need to log in to multiple electronic identification codes.

This allows businesses to have tighter control as they can grant access and manage employee access to government digital services.

2. Register for CorpPass

To apply for a CorpPass, a business needs to ask a Registered Officer (RO) with a SingPass account to do the registration. RO of a Singapore company Normally manager or company secretary

ROs are individuals who:

• Is a person who is officially registered with the Accounting and Corporate Regulatory Authority (ACRA).
• Can nominate a Corppass administrator and approve registration requests.
• A Corppass account is not required unless you wish to assume the Corppass Administrator role.

There are 4 types of CorpPass accounts when users log in, each account will correspond to different responsibilities of each user.

1. CorpPass Admin Account) - designated by Registered Officer, up to 2 Administrators/business - transact using digital services, view business information on CorpPass, create other CorpPass accounts, manage users and manage access to digital services
2. CorpPass Sub-Admin Account - transact using digital services, view business information on CorpPass, create other CorpPass accounts, manage users and manage access to digital services (except for those restricted by the CorpPass Administrator)
3. CorpPass Enquiry User Account - can only transact using digital services and view business information on CorpPass
4. CorpPass User Account - can only transact using digital services, nothing else

*CorpPass administrators and users must be SingPass account holders. 

ROs have the authority to approve, view and terminate CorpPass Administrator accounts by logging into the CorpPass website using SingPass. To transact on digital services, ROs need to register for a CorpPass Administrator account for themselves and must have their corporate CorpPass Administrator create a CorpPass User account for them.

To get CorpPass, businesses must register for a CorpPass Administrator account. Singaporean Director of the Company can register for a CorpPass account for their business if they have a valid SingPass account.

2. How to set up CorpPass?

Singapore company needs to appoint up to 2 Corppass administrators and follow these 2 simple steps:

3. Notes when registering for CorpPass that companies need to know

If you are a director or company secretary and have a Singpass account, you should register and take on the role of Corppass Administrator to be able to transact with government agencies like CPF, IRAS, etc.

If your company is newly established (for example, less than 1 month, with both directors being foreigners), a professional consulting firm like GLA will be a great support, helping you operate your company in Singapore effectively, legally, accurately and quickly.

4. How does Global Links Asia support businesses in setting up companies in Singapore?

At Global Links Asia, we have over XNUMX years of experience helping SMEs and entrepreneurs expand into international markets. We understand what you need and provide comprehensive support for a smooth, hassle-free share transfer process.

• Fast, efficient, and legal company registration in Singapore.
• Support with nominee director , secretary, and registered address services at a much reasonable price.
• Accounting, financial reporting, and tax optimization as per Singapore accounting standards
• Assistance in opening company bank accounts with licensed physical and digital banks in Singapore 
• Business operation support, including consular legalization, trademark registration, payment gateway setup, and more.

6. Frequently Asked Questions about CorpPass

Highlights

• CorpPass is a Business account that makes it easy for companies to work with government agencies
• CorPass has a big advantage over the traditional way of doing things in that it allows businesses to have just one account to work with any government agency anytime, anywhere.
• There are 4 account levels when logging into CorpPass depending on the user's level of authority. Typically, the director or company secretary will be the one to register to open a CorpPass account and designate an administrator.
• GLA will support businesses to operate their companies in Singapore effectively through a fast, accurate, and reputable CorpPass account.