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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”).
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.