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. :)

Pings on Singapore ACRA – Online Sales Is A Business

August 22, 2009

Comments on Singapore ACRA – Online Sales Is A Business Leave a Comment

June 28, 2009

todaysmotherhood @ 10:25 pm #

Thanks Moon for sharing this with fellow Singaporeans.

June 29, 2009

Portia @ 1:09 pm #

Hey Moon,

Thanks for the info. Was surprised to hear that. It’s helpful though.

Regards,
Portia

June 30, 2009
June 14, 2010

sonia @ 2:07 pm #

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

June 16, 2010

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