Once ACRA issues your digital Certificate of Incorporation and Business Profile (which features your Unique Entity Number or UEN), your company is official. However, you aren’t ready to trade just yet. Your immediate next steps include:

• Opening a Corporate Bank Account: Most local banks require the physical presence or digital identity verification of the directors.

• Setting up statutory registers: Safekeeping registers for directors, secretaries, and registrable controllers.

• Acquiring Business Licences: Regulated sectors like food & beverage, travel, employment agencies, and education require separate specialized licenses before launch.