The most typical company that is incorporated is Private Company limited by Shares. There are, however, two different types of Private Company limited by Shares, namely a Private Company and an Exempt Private Company. Exempt Private Company limited by Shares An Exempt Private Company limited by Shares is a private company which has at most [...]
Some businesses may require a nominee director for a variety of reasons. For foreign-owned companies, they may require a nominee director to fulfil statutory requirements of having one local resident director. Some individuals may be employed in certain companies that prohibit them from being a director in another company. These individuals may want to set [...]
If you are looking to do business internationally and are looking for a place to base your company, more often than not, Singapore may crop up as one of the viable options. Let us look at the reasons why Singapore is seen as one of the best places in the world to incorporate a company [...]
The Singapore government has always been supportive of start-up companies and has many schemes to support entrepreneurship. One of the ways which they have been assisting new start-up companies is by providing tax reliefs. Let us focus on Year of Assessment 2019 and 2020. Year of Assessment 2019 (YA 2019) This is for financial years [...]
Many businesses involve the importing and exporting of goods. Here is a general guide for anyone out there who would like to get into the trading business. Step 1: Register for a company and activate a Customs Account You will need an entity to engage in import and export activities in Singapore. You can register [...]
Every business requires a corporate bank account. As a business owner, you will need to open a corporate bank account to facilitate the collection of payments from the sale of your goods and services. You will also require an account to make payments for goods and services rendered to you. In this article, we will [...]
Singapore is one of the best places to set up a company to do business. Singapore is a free and open economy, one of the safest and corrupt-free cities and has a government that embraces entrepreneurship. In fact, many foreigners choose to set up companies in Singapore and base their operations in Singapore. Singapore is [...]
There are various structures for individuals to do business in Singapore. However, the most flexible and yet advantageous structure, in our opinion, is a Private Limited Company. There are a few reasons why we recommend our clients to incorporate a company to do business in Singapore. Limited liability for company owners A Private Limited Company [...]
Giving back to society is always a good thing. Some companies do it through programs embedded in their corporate structure. These are commonly called Corporate Social Responsibility (CSR) programs. Some companies do it a step further and function as a Social Enterprise. Social Enterprises are business entities set up with clear social goals. There are [...]
Singapore is a great place to do business. It is corruption free, has a highly educated and skilled workforce and has low corporate taxes. Singapore is a cosmopolitan country and an extremely open economy. It is no wonder that many people in Singapore do choose to open companies or register as a sole proprietorship or [...]