All About Sole Proprietorship
In Singapore, forming a sole proprietorship is one way to benefit from the country’s diverse business ecosystem. And as it turns out, this is a popular option, especially now that entrepreneurs from all over the world are flocking to Singapore to join the party. Some praise the low cost of forming a sole proprietorship in […]
Should You Convert Your Sole Proprietorship or LLP to a Private Limited Company?
It is wise to convert your sole proprietorship or Limited Liability Partnership (LLP) to a Singapore private limited company. Other than helping you expand your business, it limits your liability risk, protects your assets, helps you attract investors, enjoys corporate tax incentives and draws high-quality talent’s attention. While it is always advisable to choose the […]
Ultimate Guide: Company Incorporation by Foreigners (2022 Update)
Singapore has a reputation for being one of the easiest places to start a business for decades now. Singapore allows foreigners to be 100% shareholders of their company and move to Singapore on an EntrePass or Employment to work and reside here. The process for registering the business is as straightforward as for locals. Still, […]
Ultimate Guide: Company Incorporation by Locals (2022 Update)
Finally, you have reached the final stage, and the most important stage of starting your business – that is actually registering your company. After so much hard work and planning, it’s time to get the ball rolling. The registration process is simple and takes around 15 minutes to complete. All you need to do is […]
7 Business Ideas To Start A Small Scale Business in Singapore
At some point, the vision of having ones own business must have crossed many people’s minds, even if it’s just a small scale business. The reasons to start a business can be many, whether due to the want to earn an extra income or to the extent of having a complete paradigm shift to gain […]
What is the Company Registration Process in Singapore?
The large-scale trade networks and remarkable government leadership in Singapore made the country an attractive place to set up a business. Its great economic prosperity is further reinforced by private limited companies, multinational corporations, and growing entrepreneurs. If you have zeroed down Singapore to register your business, you can either incorporate your business on your […]
Filing of Registrable Controller
The Singapore government made it compulsory for local, foreign, and limited liability partnership companies to maintain a Register of Registrable Controllers from March 2017. In 2020, organizations were also directed to lodge their RORC information with the Accounting and Corporate Regulatory Authority’s (ACRA) central Register. Unless exempted, entities must set up, lodge, and maintain their […]
Striking Off a Company
Closing down a local organization or company is known as striking off. Suppose the company or organization is not doing business. In that case, the business can submit an application to the Accounting and Corporate Regulatory Authority (ACRA) requesting to strike off the company name from the Companies Register. First, however, the relevant company needs […]
Annual Return Filing in Singapore
Company incorporation comes with a lot of responsibilities. You not only need to take care of managing your business but also make sure your company is compliant as per government requirements. This applies to every company regardless of its size, activity, or business module. Any miss can cause you a lot of hassles as well […]
Non Routine Secretarial Services
What are the non-routine secretarial services? Let’s discuss in detail the non-routine services that can be provided by a Company Secretary. Bank Related Issues The Company Secretary can offer you assistance with opening a corporate bank account, change of bank signatories, or when you want to close your bank account. Read more on how to […]
