Corporate Service Providers Act 2024 · Updated to 9 Jun 2025 · Part 1 · Preliminary
4. Purpose of Act
Official textFrom Singapore Statutes Online, unchanged
The purpose of this Act is to regulate corporate service providers, and qualified individuals who provide, or supervise the provision of, corporate services, and to impose requirements on those persons so as to detect or prevent money laundering, proliferation financing and terrorism financing.
corporate service
“corporate service” means any of the following services:(a)forming, on behalf of another person, a corporation or other legal person;(b)acting, or arranging for another person to act —(i)as a director or secretary of a corporation;(ii)as a partner of a partnership; or(iii)in a similar capacity in relation to other legal persons;(c)providing a registered office, business address, correspondence or administrative address or other related services for a corporation, partnership or other legal person;(d)acting, or arranging for another person to act, as a nominee shareholder on behalf of any corporation, other than a corporation whose securities are listed on an approved exchange within the meaning of section 2(1) of the Securities and Futures Act 2001;(e)carrying out any designated activity in relation to the provision of any accounting service;(f)carrying out an ACRA transaction with the ACRA Registrar using the electronic transaction system —(i)on behalf of another person; or(ii)for one or more companies as a secretary of each of those companies;
Terms defined in s 2
corporate service
Defined · s 2“corporate service” means any of the following services:(a)forming, on behalf of another person, a corporation or other legal person;(b)acting, or arranging for another person to act —(i)as a director or secretary of a corporation;(ii)as a partner of a partnership; or(iii)in a similar capacity in relation to other legal persons;(c)providing a registered office, business address, correspondence or administrative address or other related services for a corporation, partnership or other legal person;(d)acting, or arranging for another person to act, as a nominee shareholder on behalf of any corporation, other than a corporation whose securities are listed on an approved exchange within the meaning of section 2(1) of the Securities and Futures Act 2001;(e)carrying out any designated activity in relation to the provision of any accounting service;(f)carrying out an ACRA transaction with the ACRA Registrar using the electronic transaction system —(i)on behalf of another person; or(ii)for one or more companies as a secretary of each of those companies;
proliferation financing
Defined · s 2“proliferation financing” means the financing of the proliferation of weapons of mass destruction;
Part 2
Regulation of Provision of Corporate Services
Part 3
Duties and Responsibilities of Registered Corporate Service Providers
Part 4
Regulatory Actions
Part 5
Appeals
Part 6
General Offence
Part 7
General
Part 8
Consequential and Related Amendments to Other Acts
Part 9