Filing Requirements for Companies in Singapore
There are certain filing requirements and obligations that all companies in Singapore must comply with every year, regardless of their activity level, size, or business structure. As you read on, you will see filing requirements and how you can prepare them. Filing Requirements For Companies Preparing Financial Statements If your company carries out many transactions […]
6 Reasons Why Start-ups Fail in Singapore
Singapore is ranked among the top of the most startup-friendly nations in Asia. It offers start-up grants and loans to help promote entrepreneurial spirit. It further provides incentives, low tax rates, and sometimes exemptions, as well as tax rebates. As a top Asian economy, Singapore is a one-stop destination for foreign investors and companies. Not […]
What are the Key Considerations for a Registered Office Address in Singapore?
You have to follow many mandatory requirements when establishing your business in Singapore. The purpose of those mandatory requirements is to keep your entity compliant with Singapore regulations. Section 142(1) of the Companies Act, Cap. 50 makes it mandatory for all companies to have a duly registered office address in Singapore during company incorporation. Criteria […]
Private Limited Company vs Sole Proprietorship in Singapore
We can’t overemphasise the importance of choosing the right type of legal structure when starting a business in Singapore. The choice you make will affect several things, including liability, tax rate, and more. This guide will talk about the two major business structures for small business owners in Singapore: a private limited company and a […]
Responsibilities of a Singapore Company Director
In this article, we shall talk about the responsibilities of a company director. Also, we will let you know those who are eligible for the position, how can they be appointed, and resign from the post. What Does a Director Do? A director manages the company’s affairs and handles major issues in the company. In […]
What is a Nominee Director and Why Might I Need to Use One?
Singapore’s Companies Act makes it mandatory for all Singaporean incorporated companies to have at least one resident director on their company’s board right from the date of incorporation. Furthermore, even after companies have been incorporated, they must continue to have at least one resident director on their company’s board every time. A local resident director […]
Guide to Singapore’s Transfer Pricing and the Arm’s Length Principle
The corporate landscape has shifted dramatically over time. For example, while your business may be registered in one country, your marketing staff and manufacturing plant may be located in another. This is done to take advantage of the cost savings that outsourcing some processes to low-cost countries can provide. To remain fully compliant with local […]
Pointers to Pick a Company Name in Singapore
A company name isn’t something you can just pick without thinking for quite some time. Whatever name you choose will be your unique identity, so we recommend that you select a name that defines the kind of image you intend to portray. Before you incorporate your company, you need to decide on the name and […]
Starting An Employment Agency in Singapore
An employment agency assists other businesses with their staffing and recruitment needs. In other words, they serve as intermediaries between employers and potential employees. Such firms specialize in the placement of both foreign and domestic candidates in positions ranging from entry-level to executive. Foreigners have long been in high demand in Singapore, not only for […]
Starting An Education Center in Singapore
As one of Singapore’s prospective growing industries, the education industry plays a critical role in attracting and nurturing talent from across the world. The Economic Development Board launched the Global Schoolhouse initiative in 2002 intending to transform Singapore into an internationally recognized educational hub. There are currently over 1,200 private educational institutions and organizations in […]
