Important compliance requirements for Singapore companies

If you are thinking of incorporating a company or your company is already incorporated, here is a list of compliance requirements that all company directors should ensure that the company adheres to.…

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What is an SSIC code?

SSIC stands for Singapore Standard Industrial Classification. It is a code that is assigned to each business activity. The Singapore Standard Industrial Classification (SSIC) is the national standard…

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Can a foreign owned Singapore company open a company bank account in Singapore?

Singapore is a very open economy and we do welcome individuals from all over the world to open companies in Singapore to do legitimate business. Foreigners can fully own a Singapore company. A…

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Tax obligations before striking off a company in Singapore

Part of the striking off process of a Singapore company involves clearing all outstanding taxes and tax obligations to the Inland Revenue Authority of Singapore (IRAS). If these are not cleared, IRAS…

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Commencement of New Requirements to Lodge Registrable Controllers’ Information with ACRA from 30 July 2020

Update as of 24 July 2020 The new requirements for companies and limited liability partnerships (LLPs) to lodge their Register of Registrable Controllers (RORC) information with ACRA will take…

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How To Choose A Suitable Corporate Secretary For You

Roles of a Corporate Secretary in Singapore All companies incorporated in Singapore are mandated by law, to have a named individual to be sitting on board as a company secretary. The roles of a…

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Holding Annual General Meetings (AGMs) For Your Company

What is an Annual General Meeting (AGM)? Annual General Meetings (AGMs) are compulsory annual meetings that all Singapore companies need to hold. The primary purpose is to update the shareholders of…

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How Do You Convene An Extraordinary General Meeting (EGM) For Your Company

What is an Extraordinary General Meeting (EGM)? If you have incorporated a company in Singapore or planning to do so, chances are you have done or heard of Annual General Meetings (AGMs). As an…

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The importance of complying with the Constitution and the Companies Act

Singapore is one of the most convenient places in the world to set up a company. If all the documentation is complete, a company can be set up in less than a day. Once a company is set up, the…

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Guide for Notice of Extraordinary General Meeting

If a company wants to hold an Extraordinary General Meeting (EGM), it has to send out a written notice to all its shareholders to inform them of the meeting. The notice period may differ between…

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