CSP Act 2024 Comes Into Force Today: What Singapore Businesses Must Know

09 June 2025

Editor: ET

Stay compliant and ahead — reach out to Expede.com.sg for end-to-end CSP support.

It’s official — 9 June 2025.The new Corporate Service Providers Act 2024 (CSP Act), announced by ACRA, officially comes into force today, ushering in a new era of regulation for corporate service providers in Singapore.

At Expede.com.sg, we see this as a crucial development for businesses engaged in corporate service activities. The CSP Act sets higher compliance standards, reinforcing Singapore’s position as a trusted and transparent global business hub.

Further Reading: Smart Mid-Year Tax Moves for Singapore Businesses

What Does the CSP Act Mean?

Under the CSP Act, any business providing corporate services—such as incorporation, nominee directorships, or company secretarial duties—must now be registered as a Corporate Service Provider (CSP) with ACRA.

This replaces the former Registered Filing Agent (RFA) framework. Even if your business was previously an RFA, you must register under the new CSP Act.

Transition Period Reminder: Businesses have until 9 December 2025 to complete registration under the new regime.

Key Changes in Regulation

The CSP Act introduces:

• Mandatory registration with ACRA for all CSPs

• Tighter anti-money laundering (AML) and due diligence requirements

• Stricter compliance and reporting standards

• Greater enforcement powers for auditing and investigations

These reforms align with Singapore’s efforts to strengthen corporate governance and prevent misuse of corporate entities.

Why It Matters to Singapore Businesses

Whether you're outsourcing corporate services or providing them, the official implementation of the CSP Act todaymarks a significant regulatory shift. Companies must now review partnerships, assess internal controls, and ensure all appointments and filings meet the new guidelines.

Further Reading: Mastering Corporate Income Tax Filing Obligations in Singapore: What Every Business Must Know

At Expede, our experts are fully prepared for the CSP regime. We support clients with:

• CSP registration

• Compliance audits

• Business structure reviews and advisory

9 June 2025 marks the official start of the CSP era.

Stay compliant and ahead — reach out to Expede.com.sg for end-to-end CSP support.