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Singapore CLG Compliance Guideline Note
A CLG is required by the Singapore Companies Act to update its books of accounts, prepare financial statements, engage a public accounting firm to audit its annual financial statements and file certain returns with the Accounting and Corporate Regulatory Authority.
Branch office Vs Subsidiary company in Singapore
A Singapore branch office is considered an extension of the foreign company and is not a separate legal entity of its own. This means that the foreign company is responsible for the liability of its Singapore branch office. Additionally, the foreign company can also be sued in Singapore in the case of any dispute.
Singapore Liquor License Application Guide
Singapore is one of the world’s strongest economies and a highly-developed country in Southeast Asia. As the economy in Singapore is constantly growing and the spending of the consumers increasing, it leads to an increasing in demand of alcoholic products. The alcoholic retailers are striving for the attention of the places where people regularly sit over glasses of wine, such as the restaurants and bars.
Guide to Starting a Food and Beverage Business in Singapore
Singapore has been named as one of the best destinations for foods in Southeast Asia. For this reason, more and more food and beverage (“F&B”) businesses are choosing to set up their shop in Singapore.Prior to starting a F&B business in Singapore, you must incorporate and register the business with Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) before applying for the necessary licences and permits for operating the F&B business
Singapore Massage Establishment Licence Application Guide
Prior to starting a spa and massage centre in Singapore, you must incorporate and register the business with Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) and apply for a Massage Establishment Licence with Police Licensing & Regulatory Department (“PLRD”).
Singapore Travel Agency License Application Guide
Prior to starting a Travel Agency in Singapore, one must register a company with Accounting and Corporate Regulatory Authority of Singapore (“ACRA”). The person or company would need to have a travel agent licence in order to run an agency. The licence will be issued by Singapore Tourism Board (“STB”). The company must have to meet certain obligations and requirements before the license can be sent for STB’s approval.
Register of Registrable Controllers of Singapore Entities
With effect from 31 March 2017, companies, foreign companies and Limited Liability Partnerships (“LLP”) (unless exempted) will be required to maintain beneficial ownership information in the form of a register of registrable controllers, and to make the information available to public agencies upon request.
Setting Up a Single Family Office in Singapore
Singapore is regarded as one of the most prominent financial centre in Southeast Asia because it is adjacent to local and global private banks, investment banks and other financial service providers. It is also known for its stable governance and favourable business environment, so it’s popular as a base for many high net worth families to manage assets and invest globally.
Singapore Family Office Guideline Note
Recently, the billionaire behind Haidilao International Holding, the world’s biggest chain of hotpot restaurants, has opened a family office in Singapore to help manage her wealth. In fact, the Rockefeller family first pioneered family office in the late 19th century, some of the tycoons who seized the opportunity of the industrial revolution brought together financial experts, legal experts
Singapore Tobacco Retail/Wholesale Licence Application Guide
In Singapore a valid tobacco licence is required before you can import, wholesale, distribute or retail any tobacco product. There were two types of sales of tobacco licence in Singapore which are tobacco retail licence which enables companies to sell tobacco in premises such as bars, restaurants, shops and tobacco import/wholesale licence which is available for distributors of cigarettes and other tobacco product.