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So far Web Admin has created 21 blog entries.

Filing Annual Returns for your company

It is mandated that every company in Singapore will have to file their annual returns with the Accounting and Corporate Regulatory Authority (ACRA). Failure to do so will result in penalties. Here are some things you should know as a company owner about annual filing.   Firstly, you have to determine which category your company [...]

2018-05-23T10:26:57+00:00 May 23rd, 2018|

Duties of a company secretary

In Singapore, it is mandatory for every company to have a company secretary. This individual must be a resident of Singapore. Namely, he must be either a Singapore Citizen, Singapore Permanent Resident or hold a valid pass, namely either an EntrePass, Employment Pass or an S Pass to work in that particular company. A company [...]

2018-05-14T18:42:59+00:00 May 14th, 2018|

How to set up a Singapore company. A guide for foreigners.

Singapore is one of the best places to set up a company to do business. Singapore is a free and open economy, one of the safest and corrupt free cities and has a government who embraces entrepreneurship. In fact, many foreigners choose to set up companies in Singapore and base their operations in Singapore. Singapore [...]

2018-05-14T12:09:51+00:00 May 14th, 2018|

Implementation of Section 121 of Companies (Amendment) Act 2014

Section 121 of the Companies (Amendment) Act 2014 which introduces new sections 202A and 202B of the Companies Act (the "Act") took effect on 20 April 2018. Concurrently, the Companies (Revision of Defective Financial Statements, or Consolidated Financial Statements or Balance-Sheet) Regulations 2018 (the “Regulations”) has been issued to operationalise sections 202A and 202B. The [...]

2018-04-27T18:37:00+00:00 April 27th, 2018|

How to file corporate tax returns for companies

  Tax season is soon upon us and it is time for all business owners to file their taxes with the Inland Revenue Authority of Singapore (IRAS). It is mandatory for companies and businesses to file their tax returns in Singapore. Here are some tips on how to file your corporate tax returns.   1) [...]

2018-03-06T00:59:58+00:00 March 6th, 2018|

Wholesome Eats by Cookit: Interview with Johan and Sharon

Tell us a little bit about your company. Wholesome Eats by Cookit was set up to help families and individuals restore the body to optimal health by adopting a whole natural diet. We strive to make food that is unprocessed, sugar-free, gluten-free and lactose-free easily available to everyone. Our kitchen is at 115 East Coast [...]

2018-01-27T17:06:54+00:00 January 27th, 2018|

Singapore Crypto Mining: Interview with Kevin and Mark

Tell us a little bit about your company. Kevin: We build and maintain cryptocurrency mining rigs. The mining rigs that we assemble mainly mine Ethereum. We also help clients build mining farms. We source for the location, handle the electrical set up and operations of the mining farm. Mark: We also run courses teaching participants [...]

2018-01-27T02:22:39+00:00 January 27th, 2018|

Advantages of Incorporating a Private Limited Company in Singapore

There are various structures for individuals to do business in Singapore. However, the most flexible and yet advantageous structure, in our opinion, is a Private Limited Company. There are a few reasons why we recommend our clients to incorporate a company to do business in Singapore.   Limited liability for company owners A Private Limited [...]

2017-12-22T01:12:58+00:00 December 22nd, 2017|

What is Paid Up Capital?

It is very common for company owners to start a company without truly thinking about their paid-up capital. In fact, not many company owners know what paid-up capital is. Simply put, paid-up capital is the amount of money a company has received from its shareholders in exchange for shares of stock. Paid up capital is [...]

2017-12-22T01:11:31+00:00 December 22nd, 2017|
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