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So far Daryl has created 399 blog entries.

How to alter a company’s share capital

A company may alter its share capital. This is provided for in section 71(1) of the Companies Act. Section 71(1) of the Companies Act states: Subject to subsections (1B) and (1C), a company, if so authorised by its constitution, may in general meeting alter its share capital in any one or more of the following ways: [...]

By |2024-07-23T17:08:19+08:00July 24th, 2024|Running a Company|

Striking off a Variable Capital Company (VCC)

A company is perpetual. This means that it is a going concern until there is action taken to cease its existence. A Variable Capital Company (VCC) is a type of company. This particular corporate structure will remain a going concern until the VCC is wound up or struck off. The way a VCC is struck [...]

By |2024-07-22T18:40:52+08:00July 22nd, 2024|Running a Company|

The grants available to Hire, Train and Upskill Employees

The Singapore government supports companies in many ways. One key way is supporting companies in hiring, training and upskilling their employees. This is key because Singapore does not have any natural resources. Instead, the Singapore government looks to upskill the human capital in Singapore companies. This will aid Singapore companies to have an advantage over [...]

By |2024-07-03T14:36:33+08:00July 3rd, 2024|Grants and Other Incentives|

What is the Annual Wage Supplement (AWS)?

The Annual Wage Supplement (AWS), also known as the 13th-month bonus, is a customary year-end payment in Singapore given to employees on top of their 12 months of regular salary. The AWS is typically equivalent to one month’s salary and is intended to reward employees for their yearly contributions. Here are some key points about [...]

By |2024-06-28T17:50:07+08:00June 28th, 2024|What Is...|

What is Tax Arbitrage?

Tax arbitrage involves exploiting discrepancies in the taxation of different types of income, capital gains, and transactions to generate profit. The intricacies of various countries' tax codes enable individuals and businesses to identify legal loopholes or restructure transactions to minimize tax liabilities. This in essence is tax planning to minimise the amount of tax an [...]

By |2024-06-26T18:46:47+08:00June 26th, 2024|Accounting Bookkeeping Tax and XBRL|

Comprehensive Guide for Starting a Trading Business in Singapore

Singapore is a pivotal hub for global trade, especially for transactions spanning the eastern and western time zones. As per the latest World Trade Organization statistics, Singapore ranks as the 14th largest merchandise exporter globally, boasting a trade-to-GDP ratio of 404.9%. This guide is designed to assist those looking to establish a trading company in [...]

By |2024-05-21T18:14:20+08:00May 22nd, 2024|Running a Company|

How e-signatures can improve your business in Singapore

E-signatures are valid in Singapore (unless the exclusion applies) according to section 2 of the Electronic Transactions Act. Increasingly, businesses are using e-signatures in their daily transactions. Here are some reasons e-signatures can improve your business in Singapore. 1. Increased Efficiency Speed: E-signatures enable faster turnaround times for document approvals and contracts, reducing delays associated [...]

By |2024-05-14T18:01:37+08:00May 20th, 2024|Running a Company|

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

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 [...]

By |2024-05-09T17:34:09+08:00May 17th, 2024|Questions and Answers, Useful Incorporation Articles|
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