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 […]
Foreign Companies in Singapore: Subsidiary, Branch Office, and Representative Office
In Asia, Singapore flaunts a reputation as a lucrative business hub and strategic gateway for foreign companies who wish to establish or consolidate their business in the region. While its strategic location, conducive environment, and highly developed infrastructure attract many foreign investors, the country has much more to offer. One of the best reasons to […]
Types of Local Public Companies in Singapore
In a world brought together by technology and fast transportation, businessmen and investors are always looking for new ventures and investment options. A market that has time and time again proven to be quite the successful market in Singapore. And while part of the success can be attributed to the taxation structure and the geographical […]
Establishing a Singapore-based Exempt Private Company
An Exempt Private Company, commonly called EPC, is a private limited company with 20 members or fewer. Generally, shares of an EPC are not beneficial to any other corporate entities. If you are looking to invest in Singapore, setting up an EPC may be a good idea. In this article, you will learn why EPCs […]
