Do I need a company common seal and a company stamp?

Company common seals and company stamps are common items which companies may use on documents. There is a difference between the two and companies can decide whether to have them or not.   Company common seal A company common seal is an official seal used by the company to endorse documents like share certificates, deeds [...]

2019-06-30T17:47:57+08:00June 30th, 2019|Questions and Answers|

If my company is dormant, do I need to have it audited?

We briefly spoke about dormant companies in a previous article: What is a Dormant Company Here is a further elaboration to the topic. A company is considered dormant during a period in which there is no accounting transaction. A company is considered dormant if: It has been dormant from the time of its formation It [...]

2019-06-06T10:37:21+08:00June 6th, 2019|Questions and Answers|

Do I need a company seal to execute documents?

Traditionally, company seals are used by companies to execute deeds. Instances, whereby a company seal may be used, are when purchasing a property or issuing a share certificate. However, with effect from the 31st of March 2017, it is no longer necessary for a company to execute such documents with a company seal.   Section [...]

2019-05-31T14:11:48+08:00May 31st, 2019|Questions and Answers|

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|

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|

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|

How much paid up capital should I put when incorporating my company?

The common question we get when clients look for us to incorporate a Singapore company is regarding paid-up capital. In a nutshell, paid-up capital is the amount of money that the company has received in exchange for its shares. Shares can be paid-up or not paid-up. A company is a separate entity from the shareholders. [...]

2019-02-19T17:12:06+08:00February 19th, 2019|Questions and Answers|

When can a director be disqualified?

A director of a Singapore company can be disqualified when: The director becomes bankrupt. The director is convicted of an offence involving fraud or dishonesty that is punishable with an imprisonment term of 3 months or more. The director has been convicted for 3 or more filing offences under the Companies Act within a period [...]

2019-02-18T03:01:24+08:00February 19th, 2019|Questions and Answers|