Who is Qualified Individual in Singapore?

Qualified Individual (QI) in Singapore: A qualified individual (QI) is an individual who satisfies such criteria as may be prescribed.

General requirements for being a registered qualified individual: The person must:

be a qualified individual, which term is defined in the ACRA (Filing Agents and Qualified Individuals) Regulations to mean:

• an advocate and solicitor;
• a public accountant registered under the Accountants Act;
• a member of the Institute of Singapore Chartered Accountants;
• a member of the Association of International Accountants (Singapore Branch);
• a member of the Institute of Company Accountants, Singapore;
• a member of the Chartered Secretaries Institute of Singapore; or
• a corporate secretarial agent; i.e. a person who is carrying on the business of providing corporate secretarial services for one or more companies and has been doing so for at least 3 years in the preceding 5 years; and has been a secretary of a company for at least 3 years in the preceding 5 years.;

be a fit and proper person; and

if applicable, not less than 2 years have elapsed since the cancellation of his previous registration as a qualified individual due to a sanction by ACRA.