Do you need to register your online business with Accounting and Corporate Regulatory Authority (ACRA)?

Tom maintains a personal blog under his name and selling some items using his personal blog. The blogshop is transacted within his personal blog in his own name, does he still needs to register the business with ACRA?

Under Section 5 of the Business Registration Act 2014, any forms of business activity that is carried on continuously for the purpose of gain, must be registered with ACRA.

However, there are exemptions to this Act, such as, any individual proprietor who is carrying on business under the individual proprietor’s full name.

Thus, an individual conducting online sales not on a frequent basis (e.g. weekly or monthly basis, etc.), is exempted from registering the business with ACRA as long as the business is under his or her own full name.

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By |2017-06-16T13:00:23+00:00December 6th, 2016|Legislation|0 Comments