Setting Up a Private Limited Company in Singapore and Avoiding Mistakes

Setting up a private limited company in Singapore is an excellent option for the startups and small business owners. It provides them with limited personal liability, credible brand image, ability to raise funds for future expansions, access to tax exemption schemes, etc. And, a Pte Ltd, unlike a proprietorship or partnership, has perpetual existence.

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Know Your Customer regulations for Singapore companies

Singapore has been improving its regulatory framework for years now, to bring more accountability to the Singapore companies. Accounting and Corporate Regulatory Authority (ACRA) has implemented changes in it, that took effect on 15th May 2015. This Framework includes regulations for Corporate Service Providers (CSPs) that operate functions such as company incorporation and on-going corporate […]

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Singapore Companies Amendment Act 2017

The Ministry of Finance (MOF) and ACRA conducted a review of the Companies Act in 2016, to ensure that the corporate regulatory regime continues to stay robust and supports Singapore’s growth as a global hub for businesses and investors. This review culminated in the Companies (Amendment) Bill 2017 and Limited Liability Partnerships (Amendment) Bill which […]

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Record-keeping requirements for company meetings

Each company in Singapore needs to keep a record of the proceedings of its shareholders’ and directors’ meetings. These records are kept up as “minutes”. Minutes are a reasonable synopsis of the proceedings of a company’s meeting; they ought to precisely and concisely pass on the result of the exchanges directed by the meeting members. […]

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How to qualify for audit exemption for your Singapore company ?

The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants and corporate service providers in Singapore. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession. A private limited company is the most suitable form of business structure in Singapore. […]

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Why do you need a local director for your company in Singapore

All companies in Singapore must be registered with the Accounting & Corporate Regulatory Authority (ACRA) and abide by the Singapore Companies Act. The key requirements for registration of a company in Singapore include: at least one shareholder (individual or corporate entity) at least one resident director one company secretary initial paid-up share capital of at […]

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