Renew a Sole Proprietorship in Singapore: Clear the MediSave Gate

ACRA lets owners renew a sole proprietorship or partnership up to 60 days before expiry.

A one-year renewal costs S$30 and a three-year renewal S$90, but every owner must first clear or arrange qualifying MediSave obligations.

Find the exact expiry date

ACRA provides the date through Bizfile search and the entity dashboard. Reminder delivery is a convenience, not the legal control. Put the expiry date and a 60-day alert in the owner calendar. (ACRA business-registration renewal)

ACRA limits the application to business owners or an engaged corporate service provider. Corppass roles must expose the relevant ACRA service. Verify authority before the renewal window opens.

Situation What changes
Live and within 60 days of expiry Renew through Bizfile
Expired by no more than 30 days Renew immediately and check penalties
Cancelled for non-renewal Use the restoration route before renewal
No longer operating Close the business instead of renewing

MediSave is a hard gate

All registered owners must have paid MediSave in full or have an active GIRO arrangement for outstanding contributions. Check every partner, because one unresolved owner can stop the entity renewal. (ACRA managing a business)

The three-year option requires no outstanding MediSave, a qualifying active GIRO record, or owner status outside self-employment. Choose three years for administration efficiency only after the option appears in Bizfile.

Example: A two-owner partnership is ready to renew for three years, but one partner has overdue MediSave without GIRO. The S$90 fee is not the immediate problem. The partnership must first resolve that owner’s MediSave position, then verify that the three-year option is available.

Price is linear, risk is not

The fees are S$30 for one year and S$90 for three years, both non-refundable. The longer term reduces annual filing friction but can be wasteful if closure is likely. Write down the intended operating horizon before paying.

ACRA states it is an offence to run the business after registration expires. If access or payment fails, stop assuming submission succeeded and inspect the transaction status.

  • Confirm the UEN and expiry date
  • Check owner and Corppass authority
  • Review every owner’s MediSave status
  • Choose one or three years
  • Verify entity status
  • Pay through Bizfile
  • Download the renewed profile
Rachel Ng
Rachel Ng
Rachel Ng is Little Big Red Dot's Money, Career & Practical Living Editor. She helps readers navigate everyday decisions about money, career, and life in Singapore — from CPF contributions to career pivots to choosing the right insurance plan. She writes like a smart older sister who wants to help you make better decisions.

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