Singapore ACRA – Online Sales Is A Business
I always say treat blogging and online sales as a serious online business that may earn you money. But how true is my statement and is it really a business? Let me show you the proof. Take a look at the screenshot below, they give the answer for the following 3 questions:
- If I am doing online sales via my personal blog, do I need to register a business with ACRA?
- If I am selling things on ebay, do I need to register a business with ACRA?
- If I am selling things via my personal website, do I need to register the activity as a business with ACRA?
This screenshot is taken from ACRA website (Accounting and Corporate Regulatory Authority Singapore)
The answer from ACRA Singapore for the above 3 questions is:
- Any activity that is carried out on a continuity basis for the purpose of gain is required to be registered with ACRA.
I hope by now you have a clearer picture about Online Business and I believe only when you have the business mindset, your Online Business will eventually grow well.
Filed under Getting Started, My Sharing, Work At Home Mom
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Thanks Moon for sharing this with fellow Singaporeans.
Hey Moon,
Thanks for the info. Was surprised to hear that. It’s helpful though.
Regards,
Portia
Hi All,
Yeah, the info is useful for me, so I think to share with others. Also it encourages people to have the business mindset when doing online sales. Hehe..
Hi,
Thaks for the information. I have another query here, Can I legally register business in singapore (online business of course) while i am on a full time job? Any insight will be helpful.
Thanks and Regards
Sonia
Hi Sonia,
I believe should be no problem, but for accurate information I suggest you check from ACRA official website.