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 [...]
Different legal documents should be prepared based on the type of business structure you decide on for your business. If you decide on incorporating a company, these are the legal documents you should have. Company Constitution Shareholders' Agreement Company Constitution This document is a legal document between the company and all of its shareholders. [...]
Singapore generally allows foreigners to start businesses in Singapore. However, foreigners on certain passes may be restricted from starting or managing their business based on restrictions placed on that pass. Most pass holders are not allowed to manage their businesses in Singapore. This means that they are not allowed to register sole proprietorships or partnerships. [...]
Establishing a Singapore offshore company involves registering and operating a business from a location separate from its primary stakeholders and operations. In essence, the company is a local Singapore company and its ownership, management and control may be outside of Singapore. The appeal of Singapore for entrepreneurs and investors is rooted in the diverse advantages [...]
A company's fiscal year refers to a company's financial period. Typically, in almost all scenarios, this would be a 12-month period. The most common fiscal year would be the calendar year (i.e. 1st January to 31st December). However, companies are accorded flexibility in selecting their fiscal year. There may be a multitude of considerations. A [...]
A holding company is a legal entity that owns and controls other companies, with the primary operational activities carried out by its subsidiary companies. It is established to mitigate risks for the owners, as their liabilities are limited to the shares or assets associated with the subsidiary held by the holding company. The use of [...]