What is the Easiest Way to Register a Company in Singapore for 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 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 (CSPs), public […]

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Singapore’s Foreign Policy and Fair Business Environment

Fair and Just Process Singapore is one of the safest places to do business. Corruption remains low consistently and their foreign relations with other countries in terms of business and taxation is almost unmatched. Everything from startups to major headquarters thrive in this business atmosphere and feel secure in their investments and that they are […]

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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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How the government in Singapore helps you succeed

According to the World Bank, Singapore is ranked in the top three out of the one hundred and ninety in Ease of Doing Business, Overall Rank of a group, and Starting a Businesses. Moreover, in the US News Global report, Singapore is ranked second in the mover’s subcategory. This represents the country’s growth in terms […]

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Record-keeping Requirements for Company Meetings

What Are The Minutes? Singapore law requires that every company in Singapore keep a record of the proceedings of its 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. These […]

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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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