How to compile a company’s financial statements

At the end of every financial year, the directors of a company will need to compile their financial statements. The financial statements can be audited and unaudited. For exempt private companies limited by shares or small companies, they may present their financial statements unaudited as they qualify for audit exemption. For exempt private companies limited [...]

2019-03-13T21:40:17+08:00March 14th, 2019|

How to reduce the share capital of a company

Share capital represents the amount that the shareholders invest in a company. Share capital may be increased or reduced. If the shares are paid for then the shares are considered paid up. If shares are partially paid or have yet to be paid up then we classify this as unpaid share capital. The shareholders holding [...]

2019-03-12T13:18:58+08:00March 13th, 2019|

How to remove a director from a Singapore company

For certain reasons, a company may wish to remove a director. Some of the reasons may be: Poor performance Breach of duties to the company Negative limelight on the individual   In a private company According to the Companies Act, the removal of a company director is through an ordinary shareholder's resolution. This is provided [...]

2019-02-18T02:32:42+08:00February 18th, 2019|

Closing down your Singapore Company. Winding up and striking off a company.

Certain companies may decide to close down for a variety of reasons. These companies may have ceased business and the shareholders and directors may decide that they would like to close down the company. Some other reasons might include unprofitability of business, the retirement of key personnel and disagreements among key members in the company. [...]

2019-02-11T03:07:34+08:00February 11th, 2019|

Steps to incorporate a Singapore Company

Here are the steps to incorporating a Singapore Company. It will take approximately 1 to 2 days to incorporate a Singapore Company. If you are a Singaporean or Singapore Permanent Resident who is living in Singapore and will be the sole director and shareholder of the proposed Singapore Company, the timeframe to incorporate can be [...]

2019-02-09T02:24:06+08:00February 9th, 2019|

Responsibilities and duties of a director

In Singapore, every company has to have at least one director. In some cases, a company can have more than one director and this is very common. Every company requires at least one of the director to be a resident director. A resident director is a director whose normal place of residence is in Singapore. [...]

2019-01-31T12:27:02+08:00January 31st, 2019|

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 responsibility is placed on the directors to adhere to the constitution of the company and [...]

2019-01-31T11:42:54+08:00January 31st, 2019|

The benefits of setting up an Investment Holding Company in Singapore

An Investment Holding Company is a company that derives its revenue from the management of assets such as real estate or shares of companies. In Singapore, there are many such companies and the owners of these companies come from all over the world. Here are some reasons why people from all over the world would [...]

2019-01-25T03:28:13+08:00January 25th, 2019|
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