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Singapore Branch Compliance and Maintenance Guideline Note
When a foreign company sets up a place of business or commences its business in Singapore, it must register with ACRA as a branch in Singapore. Immediately after registration, the Accounting and Corporate Regulatory Authority (“ACRA”) must be kept informed of certain changes in the affairs of the parent company, the Singapore branch and the local agents.
Guide to Continuing Obligations of a Singapore Branch of a Foreign Company
When a foreign company sets up a place of business or commences its business in Singapore, it must register with ACRA as a branch in Singapore. Immediately after registration, the Accounting and Corporate Regulatory Authority ("ACRA" must be kept informed of certain changes in the affairs of the parent company, the Singapore branch and the local agents. A list of such changes is appended hereunder for your reference.
Advantage of Incorporation of a Singapore Company
In recent years, a number of international corporations, have made Singapore its base for operating in Asia via Singapore. Besides having one of the lowest corporate tax rates, Singapore is also considered by many as the gateway to ASEAN. In addition, its many business-friendly policies make its easy for companies to set up and run their business in this South-east Asia country.
Singapore Company Nominee Director / Shareholder / Agent Services
A Singapore Private Limited Company requires at least one individual Director, who has to be an ordinary resident of Singapore, ie. one of the following: - Singapore citizen OR - Singapore permanent resident OR - Singapore employment/dependant pass holder.
Guide to Statutory Compliance for Singapore Companies
Once a company is duly registered with the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”), it is required to comply with the requirements of both the Companies Act and Tax Act, such as fixing of financial year end, appointment of auditor and filing of statutory returns. It may also be required to apply for extra licences or permits before it could carry out certain regulated business.
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”).