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How long does it take to incorporate a Singapore company?

Before incorporating a Singapore company, you will need to fill in the incorporation documents and provide our firm with the relevant identification documents. The company registration documents can be found here: https://singaporesecretaryservices.com/company-registration-documents/ Click here for the steps to incorporate a Singapore Company. Once all the documents and payments are made, our firm can incorporate the [...]

2019-03-02T00:10:58+08:00March 5th, 2019|Questions and Answers|

Can I be a director of a Singapore company if I am a dependant pass holder?

There are two parts to the answer. If you are looking to be the local resident director of a Singapore company then the answer is no as dependant pass holders are not allowed to work in Singapore. Being a local director is a form of employment. To be allowed to work in Singapore, you will [...]

2019-03-01T10:52:01+08:00March 4th, 2019|Questions and Answers|

What is a Share Certificate

A share certificate is proof of ownership of a company's shares. The persons holding the share certificates are the shareholders of the company. Shareholders are commonly referred to as owners. The preparation and issuance of a share certificate are usually done by the company secretary. The share certificate must be issued in accordance with the [...]

2019-03-01T09:40:39+08:00March 1st, 2019|What Is...|

Do I need a company secretary?

Every company must appoint a secretary within 6 months from the date of incorporation. The post of company secretary must also not be left vacant for more than 6 months. The company secretary must be a local resident of Singapore and cannot be the sole director of that company. The secretary may also be held [...]

2019-02-26T01:04:07+08:00February 28th, 2019|Questions and Answers|

Do I need to have a common seal?

Before 31st March 2017, a Singapore company executing a document as a deed was required to affix the company's common seal on the deed in accordance with the company's constitution. The typical model constitution of a Singapore company incorporated before 31st March 2017 would state that the common seal of the company would have to [...]

2019-02-26T01:05:45+08:00February 27th, 2019|Questions and Answers|

What is a Special Resolution

There are two types of shareholders resolutions. Ordinary Resolution Special Resolution A Special Resolution is a resolution whereby the votes cast in favour of the resolution is at least three times higher than the votes cast against it. Therefore, 75 per cent of the votes is required to be cast to pass a special resolution. If [...]

2019-02-27T15:33:39+08:00February 26th, 2019|What Is...|

Company director hit with record SGD$113,400 fine

A company director was hit with a record SGD$113,400 fine for multiple breaches of the Companies Act. They include failing to hold annual general meetings (AGMs) and failing to file annual returns (ARs). According to the Accounting and Corporate Regulatory Authority (ACRA), Tan Hang Song was fined SGD$113,400. The fine was nearly double the previous [...]

2019-02-26T01:58:05+08:00February 26th, 2019|Latest News|

What is an Ordinary Resolution

There are two types of shareholders resolutions. Ordinary Resolution Special Resolution An ordinary resolution is a resolution whereby the votes that are cast in support of the resolution exceeds the votes that are cast against it. In short, the resolution needs more than 50 per cent of the votes to be passed. If there are [...]

2019-02-27T15:35:24+08:00February 25th, 2019|What Is...|

How do I amend my Company’s Constitution?

According to Section 26(1) of the Companies Act, "Unless otherwise provided in this Act, the constitution of a company may be altered or added to by special resolution." Usually, companies will adopt the model constitution as provided in the Companies Act upon incorporation. As a company progresses, it may decide to make changes to the [...]

2019-02-19T15:22:15+08:00February 21st, 2019|Questions and Answers|

What is the Register of Nominee Directors

From 31st March 2017, it is compulsory for all companies, unless exempted, to have a Register of Controllers and a Register of Nominee Directors. The Accounting and Corporate Regulatory Authority (ACRA) or relevant government bodies like the police can compel a company to hand over these registers for inspection. If these registers are found not to [...]

2019-02-27T15:45:58+08:00February 20th, 2019|What Is...|
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