What Does The New RORC Requirement Mean For You?

Written By Accela Finance & Corporate Secretary

An RORC is a record of all the people who receive some benefit from their ownership of your company. So for instance, if your company is owned by a Singaporean company that is actually owned by a Chinese company, you will need to provide the details for the ultimate beneficial owner of the Chinese company. 

From 2017 until now this has been something all companies have been required to keep on hand, either in their office or at their filing agent’s office (for example their Corporate Secretary’s office). But as of June 30, it must be lodged with ACRA as well.

Read more about what that means and what business owners may need to do from Accela Finance & Corporate Secretary.

Accela Finance & Corporate Secretary

Accela’s world-class finance team has experience working with over 200 companies across 20 different countries spanning 12 industry verticals. From bookkeeping to payroll to compliance, Accela’s diverse offerings can meet the many needs of any business. Our flexible approach enables us to work with all company types. Whether you’re an early-stage startup or a large multinational, Accela provides bespoke, adaptive and high-touch financial support.

https://www.accelafinance.asia/
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