Starting a charity in Singapore is a noble endeavor that requires careful planning, compliance with regulations, and a clear mission to address a societal need. Whether you want to support underprivileged communities, promote education, or aid in environmental conservation, setting up a charity involves a structured process. This guide will take you through the detailed [...]
Singapore has emerged as a global hub for asset and wealth management, thanks to its robust regulatory framework, tax incentives, and strategic location. One of the most innovative structures introduced in recent years is the Variable Capital Company (VCC). Designed specifically for investment funds, the VCC has gained popularity among fund managers and investors alike. [...]
In today’s globalized economy, entrepreneurs and businesses are constantly seeking the best jurisdictions to establish their companies. Among the top contenders, Singapore has emerged as a leading destination for incorporation, offering a unique blend of advantages that make it stand out from other global hubs. From its business-friendly policies to its strategic location, Singapore provides [...]
New year, new resolution, new company? It is the best time to incorporate a new company. Here are some reasons why. This is the ideal time to set the company's financial year to match the calendar year When a company is incorporated, you can select the company's financial period. Typically, the first financial year [...]
To set up a fund management entity in Singapore, you can choose from several legal structures depending on the type of fund management activities you plan to undertake, your target investors, and regulatory requirements. Below are the key types of entities and licenses relevant for fund management in Singapore: 1. Legal Entity Structures You will [...]
Drafting a company constitution is a very important matter. This is essentially a rulebook as to how a company should conduct its business. Adherence to the company constitution is necessary when dealing with company related matters. Therefore, how a company operates stems from its constitution. Great thought must be placed as to how the company [...]
Yes, as a foreigner, you can incorporate a company in Singapore and apply for a work pass to work in your own company. However, there are specific requirements and steps you need to follow to meet Singapore's legal and regulatory standards. Here’s how you can proceed: 1. Incorporating a Company in Singapore Foreigners can incorporate [...]
Issued Share Capital is the total amount of shares that have been issued to shareholders. In simpler terms, it just means Issued Shares. Paid Up Share Capital or Paid Up Capital is the total amount of Issued Share Capital that has already been paid up. A simple example would be if a company is [...]
The amount of paid-up capital you should put into your Singapore company depends on various factors such as your business needs, industry requirements, and future expansion plans. In Singapore, there is no minimum requirement for paid-up capital to incorporate a company. However, it's essential to consider the following points when determining the appropriate amount of [...]
Setting up a Special Purpose Vehicle (SPV) in Singapore can offer several benefits: Tax Efficiency: Singapore has a favourable tax regime for businesses. Income generated by an SPV may be subject to lower tax rates or may even be exempt from certain taxes, especially if the SPV is used for specific purposes like holding investments [...]