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Choosing a Singapore Company Name
Choosing the right company name is important. The name of your company will define its image, and will also be what your customers identify your business and company with. Marketing considerations aside, you also have to ensure that your chosen company name will be approved for registration by the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) in the first place.
Dissolution of Singapore Company
A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the Companies Register if it is no longer carrying on business. This process is known as "striking off" a company. Please do not close the company's bank accounts until all outstanding matters are settled. Once the company's bank account is closed and there is a tax credit owing to the company
Singapore Companies Applying for Strike off/ to Cease Registration
Companies must pay outstanding taxes and fulfil all tax obligations as part of the process of striking off or de-registering the company. A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the Companies Register if it is no longer carrying on business. This process is known as "striking off" a company.
Guide to Singapore Limited Partnership
Limited Partnerships (LPs) in Singapore offer a flexible and attractive business structure for entrepreneurs seeking to establish a partnership while ensuring limited liability for certain partners. This article aims to provide a comprehensive guide for Kaizen’s existing clients or potential clients to explore the requirements and process for Singapore Limited Partnership Registration in Singapore.
Key Updates in Singapore Workforce Policies in 2024
Since 2024, the Minister of Manpower (“MOM”) Singapore had made several important announcements for Singapore workforce policies. Increase Compensation Limits Under the Work Injury Compensation Act (“WICA”)；Revised COVID-19 Vaccination Requirements for All Pass Holders;Revised Employment Pass (“EP”) Qualifying Salary
Guide to Starting a Debt Collection Business in Singapore
In Singapore, the debt collection industry plays a crucial role in maintaining financial integrity and ensuring the smooth flow of commerce. As businesses and individuals engage in transactions, occasional defaults and unpaid debts are inevitable.This necessitates the presence of professional debt collection agencies to facilitate the recovery of outstanding dues.
Global Investor Programme (“GIP”)
The Global Investor Programme (“GIP”) is administered by Contact Singapore, a division of the Singapore Economic Development Board (“EDB”) which advises entrepreneurs and business owners who are interested in relocating to and investing in Singapore.
Understanding of Nominee Shareholder in Singapore
In Singapore, the use of nominee shareholder is common for various reasons, including maintaining privacy, protecting assets, or facilitating complex ownership structures. However, it's important to note that Singapore has implemented stricter regulations regarding the use of nominee shareholders to prevent money laundering
Money-Changing Licence in Singapore
Money-changing licensees are licensed and regulated under the Payment Services Act (“PS Act”) to conduct only money-changing services ie. the service of buying or selling foreign currency notes. Entities that provide other payment services must hold a Standard Payment Institution Licence or Major Payment Institution Licence.
Bank Account Opening - Singapore VS Hong Kong
Both Singapore and Hong Kong are world-renowned business centres, attracting global investors with their extremely low tax rates and open business environment. Bank accounts have become one of the most important prerequisites for investors to make investment decisions and operate their businesses.