We briefly spoke about dormant companies in a previous article: What is a Dormant Company Here is a further elaboration to the topic. A company is considered dormant during a period in which there is no accounting transaction. A company is considered dormant if: It has been dormant from the time of its formation It [...]
Company common seals and company stamps are common items which companies may use on documents. There is a difference between the two and companies can decide whether to have them or not. Company common seal A company common seal is an official seal used by the company to endorse documents like share certificates, deeds and [...]
In this article, we will be discussing what will happen to a Singapore company shareholder's shares when he dies. First, we must be familiar with the difference between a share transfer and a share transmission. A share transfer occurs when one shareholder chooses to transfer his shares to another individual. This act is his choice [...]
If you are a foreigner looking to set up a company in Singapore, you have the option to set up either a Singapore Subsidiary Company or a Singapore Branch Office. There is another option to set up a Singapore Representative Office with Enterprise Singapore and that topic will be covered in another article. Singapore Subsidiary [...]
A private company limited by shares, commonly referred to as company, is regulated by the Accounting and Corporate Regulatory Authority (ACRA). Companies are required to adhere to the Companies Act and in the Companies Act, the need to hire an auditor is spelt out clearly. If a company is deemed a small company, it does [...]
Singapore, along with Hong Kong and perhaps Shanghai, is a leading asset management hub for institutional investors and fund managers looking to tap into the opportunities in the region. Singapore is increasingly pulling ahead as the premier place for fund management especially with the introduction of the Variable Capital Companies Act. We explained about the Variable [...]
A typical company conducts business and hires staff to produce goods and services and sells these goods and services to receive revenue. An investment holding company is a company that does not conduct any actual business but instead invests in assets. The investment holding company can invest in property, equities or even things like wine [...]
Setting up of all businesses is carried out through Accounting and Corporate Regulatory Authority (ACRA). In Singapore, ACRA is the national regulator of business entities and accountants. To foster a vibrant business scene, setting up a business in Singapore is a rather straightforward affair. In a 2016 World Bank report, it was found that setting [...]
Following recent amendments to the Companies Act and the Limited Liability Partnerships Act, new requirements will be introduced which will affect companies and limited liability partnerships (LLPs). As Registered Filing Agents (RFAs), you will be involved in helping your corporate clients comply with these requirements. This email lists the key legislative amendments that RFAs should [...]
Singapore is an ideal destination to incorporate and operate a company. As a country, Singapore enjoys a vibrant business landscape backed by robust political, economic and social stability. Furthermore, Singapore has among the lowest corporate tax rate globally at 17%, compared to countries like Australia (30%) and India (34%). Qualifying new companies enjoy full tax [...]
