1.Singapore is undoubtedly one of the best places to start a business and has consistently been ranked highly in many surveys. One particular feature that stand out Singapore from the rest of the world is that foreigners can register a company and own 100% of its shareholding. For that reason, many foreign businesses are encouraged… Continue reading Foreigners registering a business in Singapore
1.One type of business structures usually set up in Singapore is limited liability partnerships. It is a business owned by at least two partners. The partner in an LLP can be an individual, a local company, a foreign company or another LLP. A special feature of an LLP is that it gives owners the flexibility… Continue reading Limited Liability Partnerships in Singapore
1. One of the main business structures usually set up in Singapore is sole proprietorships. It is a business owned by one person, is simple to set up and less costly to administer as compared to a company. Sole proprietorships is very popular especially with small business owners due to the reasons mentioned above. … Continue reading Sole Proprietorships in Singapore
1. Businesses may need to raise money for a variety of reasons in the course of its operations. This include to grow and expand into new markets, invest in new products or services to generate additional revenue streams or simply to meet unexpected expenses. 2. There are various ways that a business can… Continue reading Registering a Charge for Companies
1. As one of the world’s easiest places to do business, Singapore is favorable by many entrepreneurs to incorporate a company. It has business-friendly policies that include easy incorporation procedures, intellectual property protection, and a low corporate tax rate. The country also ranks high on the ease of doing business, with its strategic location offering… Continue reading Choosing a Company Name
1. As per Singapore Companies Act, a Singapore company must appoint at least one director. Every company also must have at least one director who is a local resident of Singapore. A company director must be at least 18 years old, of full legal capacity and not disqualified from acting as a director of a… Continue reading Resignation and Disqualification of Directors
1. All companies in Singapore are required to hold annual general meetings (AGMs). An AGM is a mandatory annual meeting of shareholders of a company. At the AGM, the board of directors will present the company’s financial statements (also known as “accounts”) before the shareholders (also known as “members”) so that they can raise any… Continue reading Annual General Meetings
1. All companies, foreign companies and limited liability partnerships registered in Singapore are required to keep a Register of Registrable Controllers (RORC) either in their registered office address or at the office of their authorised filing agent. 2. It is part of ACRA’s on-going efforts to uphold Singapore’s reputation as a trusted financial hub,… Continue reading ACRA Register of Registrable Controllers
1. If you want to operate a business in Singapore, you need to register the business with ACRA. On the other hand, when the business subsequently is not doing well, not profitable or there are disputes among the shareholders, then you may consider to close the company. In Singapore, you need to apply to ACRA… Continue reading Striking Off a Local Company
1. Under the Companies Act, all Singapore-incorporated companies are required to file Annual Returns with ACRA. This requirement is to ensure that the company’s information on ACRA’s register is accurate and up to date. 2. The Annual Return is an electronic form lodged with ACRA and contains important particulars of the company such as… Continue reading Filing Annual Returns With ACRA
