Singapore Company Secretary Duties

In Singapore, the law requires the position of the company secretary to be appointed within 6 months of incorporation, and he or she must a resident of Singapore. The services of a company secretary are retained to ensure compliance with the Singapore Companies Act....

What is SFRS for Small Entities

In order to remain accurate in its audit, the Singapore Accounting Standards Council implemented a new Singapore Financial Reporting Standard for Small Entities (SFRS), along with key elements of this system’s applicability. What is SFRS for Small Entities...

What to Expect During an IRAS Audit

If your company in Singapore is chosen by the Inland Revenue Authority of Singapore (IRAS) for an audit, it does not mean your company has incurred an error. It simply means that the agency wants to understand your business and ensure that all inf ormation indicated...

Setting up Business in Singapore LLP vs PLC

As a first time businessman in Singapore, you would most likely be clueless on what specific structure you should use to put up your business. Two popular limited liability business structures in Singapore are the limited liability partnership and t he private limited...

Requirements for Striking Off a Singapore Company

The term “Strike Off” is used in Singapore to refer to the removal of an incorporated company from the Singapore Accounting and Corporate Regulatory Authority (ACRA). Any company, whether it’s a private company, public company limited by shares,...

Business Firm vs Limited Company Comparison

Singapore remains to be a favorite financial destination in Asia Pacific. It is considered a tax haven for individuals and businessmen. Doing business in Singapore is made easy with its attractive political and business landscapes. For new investors, choosing a...