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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Record-keeping requirements for company meetings

What are minutes? Singapore law requires that each and every company in Singapore keep a record of the proceedings of it shareholders’  and directors’ meetings. In other words, companies in Singapore are required to document their “minutes”. Every company in Singapore needs to keep a record of the proceedings of its shareholders’ and directors’ meetings. […]

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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. The Companies Act in Singapore introduced the concept of “small company” to exempt private […]

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Singapore Companies Amendment Act 2017

Legislative Changes Parliament created the Companies Act to minimize regulatory burdens on Singaporean companies and thereby increase the overall ease of doing business in the country. In 2016, both the Ministry of Finance (MOF) and ACRA conducted a review of the Companies Act. They did this to check that the act itself did not weaken […]

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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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What is the Easiest Way to Register a Company in Singapore as a Foreigner?

Singapore is a highly urbanized place that attracts foreign investors on the strength of its stable currency, vibrant investment & corruption-free climate, and tax benefits. Many of them prefer to start their business by registering a private limited company. A private limited company (Pte Ltd) is a business structure that offers limited liability. It has […]

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Know your customer regulations for Singapore companies

The ACRA Singapore has been improving its regulatory framework for years now in order to bring more accountability to registered companies. The Accounting and Corporate Regulatory Authority (ACRA) works actively in Singapore to improve the business environment so that companies may flourish and thrive. The ACRA is the governing body that regulates Corporate Service Providers […]

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