Questions and Answers - Singapore Secretary Services

Questions and AnswersDaryl2021-12-15T11:09:15+08:00

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Questions and Answers

What are the tax benefits of donating to charities in Singapore?

What is the new Contact Address Regime and do you need to provide an Alternate Address?

How does a company limited by guarantee raise money?

What are tresury shares? What are the benefits and limitations of tresury shares?

What is the difference between shareholders and members?

What is the difference between Issued Share Capital and Paid-Up Share Capital?

How much paid up capital should i put into my Singapore company?

How can I reduce the amount of corporate taxes my company pays in Singapore?

I am a UK resident and moving to Singapore. What are the differences in resident income tax rates between the UK and Singapore?

What are the benefits to incorporating a company over registering a sole proprietorship in Singapore?

Which is the best place in Southeast Asia to do business?

Is Singapore a better place to do business than Dubai?

What are the benefits to setting up a special purpose vehicle (SPV) in Singapore?

What is a company’s fiscal year? Can I decide my own fiscal year?

What are Multi-Currency Accounts and how do they work?

The company did not pay me as a shareholder any dividends. What can I do?

What are the taxes I need to take note of in Singapore?

I am a foreigner looking to incorporate a Singapore company. Why do I need to get a local resident director?

What is needed to be proven to claim against a director who has breached his fiduciary duties?

Can I claim capital allowance on vehicles?

How do I remove a partner from a partnership?

What is the difference between Estimated Chargeable Income (ECI) and Corporate Tax Filing?

How will I know the status of a company?

What makes a company part of a group?

What is the minimum age for a shareholder?

Is it possible for an individual to be both a director and a shareholder of a company?

How to open a trading company in Singapore?

What do I need to take note of when filing my personal income taxes in Singapore?

Should I join the Singapore Peppol e-invoicing scheme?

What is a tax haven?

What is the concept of par value and is it still applicable in Singapore?

What is the importance of having a shareholders agreement in place?

What should be included in a trust agreement?

In Singapore, what does it mean to hold company shares in trust for someone else?

Can a non-Singapore resident open a Singapore bank account?

Should I outsource my company’s accounting?

What will happen if I don’t prepare my Singapore company’s financial statements according to the Singapore Financial Reporting Standard?

What are the roles of directors in Singapore companies?

What are the key features of Variable Capital Companies (VCCs)?

If I am trading, do I need to register with the Singapore Customs?

Why do you need a security deposit for the Nominee Director service? How and when can we get this back?

What is the Memorandum and the Articles of Association (M&AA)?

Can my company not appoint a company secretary?

I am the sole director and shareholder of the company, will I be taxed if I pay myself a director’s fee or salary?

How do I execute a share buyback?

What is the difference between Share Capital and Paid Up Capital?

When are gains from the sale of property, shares and financial instruments taxable?

What are Routine Secretarial Services?

Can I set up a company in Singapore and apply for a valid work pass?

Can I restore a company that was previously struck off the register?

How can I check details of a registered company in Singapore?

Are directors’ fees subject to CPF contributions?

Should I outsource my payroll management?

How can I pay for the shares of a company?

What is the 2-tier Penalty Framework?

How do I change my SSIC code?

How important is it to have an accurate SSIC code?

Should I register a private limited as a freelancer?

I would like to have a Singapore company with a local bank account to do business. What are my options?

How to protect my rights if I have a nominee shareholder?

I want to remove a director from the company due to his breach of director’s duties. How do I do it?

How can the Enterprise Development Grant help my company?

What records do I need to keep for my Singapore company?

Who needs to file corporate tax for YA 2020?

What happens if a company fails to file its Annual Returns?

Can a company loan money to its directors or shareholders?

What are the consequences for late filing or non filing of Corporate Income Tax Returns?

Do I need to pay corporate tax on income that is derived outside of Singapore?

Can a foreign owned Singapore company open a company bank account in Singapore?

What is the difference between a social enterprise and a charity?

Do I need to register my Trademark in Singapore for my business?

Will it be easier for me to get Singapore permanent residency status if I start a company in Singapore?

How fast will it take to incorporate a Singapore company?

What is Estimated Chargeable Income (ECI) and when does it need to be filed?

What is an investment holding company or holding company?

How much taxes do fund management companies have to pay in Singapore?

Does my company need to hire an auditor?

What is the difference between a Singapore Subsidiary Company and a Singapore Branch Office

What happens when a Singapore company shareholder dies?

Do I need a company common seal and a company stamp?

If my company is dormant, do I need to have it audited?

Do I need a company seal to execute documents?

How long does it take to incorporate a Singapore company?

Can I be a director of a Singapore company if I am a dependant pass holder?

Do I need a company secretary?

Do I need to have a common seal?

How do I amend my Company's Constitution?

How much paid up capital should I put when incorporating my company?

When can a director be disqualified?

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

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

How do I purchase a Singapore company?

Does my company need to appoint an auditor?

Must I maintain the paid-up capital in the company’s bank account?

How much do I have to pay in taxes as a start up company in Singapore?

What are the penalties for failing to hold an AGM?

How do I maintain my company's accounts?

Can a foreigner start a company in Singapore?

What are the differences between an employment pass and an Entrepass?

How much will it cost to hire a corporate secretary?

Can an S Pass or Work Permit holder be a director of a Singapore Company?

How do I change my company address?

How do I change my Singapore company name?

How to issue shares or increase the share capital of a company?

Can I use my HDB flat as the registered office of my business?

Can a Dependant Pass holder start a business in Singapore?

What are the differences between a board resolution, an ordinary resolution and a special resolution?

How to increase the paid up capital of a company after incorporation?

Can an EP holder be a director of a company?