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.

This guideline provides a summary of the various maintenance and compliance requirements imposed by the Singapore laws and regulations on a private company limited by shares registered in accordance with the Singapore Companies Act (Cap. 50) and estimated costs likely to be incurred to comply with these requirements.

Share transfer refers to the act where a person sells or gives his shares in a company to another person. If a person sells all his shareholding, he will not be the shareholder any longer and the buyer will become the shareholder of that company after the transfer.Shareholders of a Singapore company are free to transfer shares with other shareholders subject to any restrictions by the company constitution.