How can I change a registered agent in Singapore?

The process of changing a registered agent in Singapore involves a few steps that must be followed if everything is to conform to local legislation. Check your existing contract with the present registered agent for notice periods or termination fees. Notify in writing the current agent of the termination, based on the agreement, and clear any outstanding fees to prevent complications. Next, find another registered agent qualified according to the Singapore Accounting and Corporate Regulatory Authority's, requirements for the position. This is usually an advocate and solicitor who has been professionally trained in the ACRA's compliances matters.

Read more: Singapore Change Registered Agent fees

Once you have chosen a new agent, prepare the necessary documents, such as a resolution passed by the board of directors approving such change. You will also have to inform ACRA of such change by updating your company records through BizFile+ Portal, ACRA's electronic filing system. This should be done the soonest possible because each company's registration particulars may be kept up-to-date with ACRA.

ACRA will, in general, inform the new particulars of the registered agent within a couple of days of filing. Inform your new registered agent comprehensively regarding the compliance requirements of your company and get him well-prepared to handle all statutory filings and correspondence on behalf of your company. In this way, the transition will be smooth to keep your company in compliance with effective communication with regulatory authorities in Singapore. It is also easy to effect a smooth transition of agents with the assistance of a professional who has experience in Singapore company law and ensures that the transition does not violate any laws.