Yes, all owners or partners who wish to apply, retain, or renew their business registration or licence are required to have fully settled or be on a monthly instalment plan for their MediSave payable.
Existing business registrations and licences may be subject to cancellation if any of the owners or partners have not fully settled or are not on a monthly instalment plan for their MediSave payable. The relevant licensing agency (e.g., ACRA) will send a notice to all owners or partners to inform them of any early business registration or licence cancellations.
