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|

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|

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|

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|

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|

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|

Can I pay myself dividends instead of salary and save on taxes?

To answer this question, we will need to know the tax rates and we will also need to set a few assumptions.   Here is the Singapore Resident Tax Rate:   Singapore has a flat rate of 17% for Corporate Taxes. Here are some Common Tax Reliefs for companies. You should be familiar [...]

2019-02-15T20:19:22+08:00February 11th, 2019|

Can I use my home address as my registered business address?

The answer is yes. Since 10th June 2003, the Home Office Scheme allows businesses, be it sole proprietors, partnerships or companies, to use their residential address as the registered business address. If you are living in a Housing and Development Board (HDB) flat, you will need to obtain prior approval from the HDB and if [...]

2019-02-08T23:12:33+08:00February 8th, 2019|

How do I purchase a Singapore company?

From our understanding of the question posed, the question is about purchasing shares in a Singapore company. We have broken down the answer into two sections. We will discuss purchasing all the shares of a Singapore company as well as purchasing part of the total shares of a Singapore company.   Purchasing all the shares [...]

2019-02-05T01:00:35+08:00February 5th, 2019|
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