Singapore EP Company Name and Financial Information Update Process (MOM Requirements)

In Singapore, if a company undergoes changes to its name or financial information, employers need to update this information promptly to ensure the smooth processing of Employment Pass (EP) related matters. Below are the specific procedures and considerations for updating company name and financial information.

1. Who is Responsible for the Application

The employer is responsible for updating company information. Companies need to complete information updates at the Accounting and Corporate Regulatory Authority (ACRA) or other Unique Entity Number (UEN) issuing agencies, and ensure synchronization of Employment Pass-related records.

2. Process for Updating Company Name or Paid-up Capital

1. Update Company Information at ACRA First, companies need to update their company name or paid-up capital information at the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. For companies registered with other agencies, updates should be made at the respective Unique Entity Number (UEN) issuing agency.
2. Automatic Synchronization to EP eService After completing updates at ACRA or the UEN issuing agency, company information will automatically synchronize to the Employment Pass eService system (EP eService) within 2 weeks, without requiring a separate update submission to the Ministry of Manpower (MOM).
3. Handling Urgent Situations If a company needs to urgently conduct MOM-related transactions (such as applying for or renewing Employment Passes), they can use MOM's online form to manually update company name or paid-up capital information.

3. Process for Updating Company Revenue

1. Update Past 3 Years of Company Revenue Companies need to update revenue information for the past 3 years in the EP eService system, which is a necessary requirement for applying for or renewing Employment Passes.
2. If No EP eService Account Exists If a company has not yet registered for an EP eService account, they can submit update requests directly through MOM's online form, or commission an employment agent to submit the form on their behalf.

4. Important Considerations

1. Only Applicable When Legal Entity and Registration Number Remain Unchanged The above update process only applies when the company's legal entity and registration number remain unchanged. If a company changes its legal entity or UEN, Employment Pass-related applications or renewals must be conducted under the new company identity.
2. Notify Central Provident Fund Board (CPF) If a company changes its name and has a Central Provident Fund (CPF) account, it also needs to notify the Central Provident Fund Board about the name change to ensure consistency across all relevant records.

5. Summary

Timely updates of company name and financial information help ensure the smooth processing of Singapore EP-related matters. Employers should follow the prescribed procedures to complete information updates at ACRA or UEN issuing agencies, and synchronize to MOM's system through EP eService. In special circumstances, MOM's online form can be used for manual updates. Additionally, remember to notify the CPF Board to ensure consistency of records across all government departments.