Appointing An Auditor
In Singapore, all companies are required to appoint an auditor after three months of incorporation unless they are exempted under the Company Act. It is vital that the company appoints an auditor not only because it is mandatory but also to ensure that the company complies with the tax laws and that all financial records […]
Appointing A Nominee Shareholder
The appointment of a Nominee Shareholder commences after the incorporation and documentation of a company’s information. The Nominee Shareholder’s name will appear on the incorporation documents under the shareholder’s details. The Nominee Shareholder is chosen to keep the beneficial shareholder’s information away from public records. But, he is required to file an Annual Return to […]
Appointing A Nominee Director
Singapore is a lucrative investment hub for foreign investors. While you can surely enjoy all the perks of a favourable business environment in the region, there are a few restrictions in terms of access for foreign investors. For this reason, having a minimum of one local director who is a citizen or permanent resident of […]
Appointing A Company Secretary
The Accounting and Corporate Regulatory Authority has made it compulsory for Singapore companies to appoint a company secretary within six months of company incorporation. Section 171 of the Companies Act states that company secretaries are in charge of several reporting and administrative functions. They handle core responsibilities such as share transfer, member registration, filing annual […]
Appointing A Local Director
It is required for every company in Singapore to appoint a local director. Under the Companies Act, businesses must register their directors with Accounting & Corporate Regulatory Authority (ACRA) along with the following information: Full name Residential address Identification Nationality Appointment date and Cessation of appointment date. Director’s signed copy of the declaration of consent. […]
Annual General Meeting (AGM) in Singapore – All You Need to Know
When it comes to having a company in Singapore, holding an Annual General Meeting (AGM) is one of the most fundamental compliance requirements that Singapore has to offer. These meetings provide the company’s shareholders with the opportunity to participate in the company’s decision-making process. The primary purpose of this guide is to explain all the […]
Things to Ensure to Stay Compliant with ACRA
The Accounting & Corporate Regulatory Authority (ACRA) is the national regulator of Singapore’s public accountants, corporate service providers, and business entities. So, if you would like to learn more about what regulatory requirements you need to meet to maintain your company in Singapore, you have come to the right place. Holding an Annual General Meeting […]
Dormant Company
A dormant company in Singapore is a company that has been registered but has not received any income or transactions. A dormant company can be beneficial if you have plans or intentions to set up a company now to use it in the future; or if you want to take a break from your business. […]
Setting Up A Family Office
Singapore is one of the most important financial centres in South-East Asia. It has become a favourite choice for many high-net-worth families looking to manage their global assets and investments. Hence, family offices have become a popular asset-management vehicle amongst them. They prove to be the most valuable resource. Between 2017 and 2020, the number […]
Company Limited by Guarantee
In Singapore, forming a Company Limited by Guarantee (CLG) is a simple and cost-effective process. For foreign nationals or entities in the city, starting a CLG is one of the most popular options for a non-profit organisation. CLGs are not suited for members seeking a return on their assets through distributions such as dividends because […]
