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So far Daryl has created 373 blog entries.

Has your company registered your DPO information with the PDPC?

All companies (and entities) need to appoint a Data Protection Officer (DPO). The DPO is the person who is in charge of setting the data protection policies as well as liaising with the Personal Data Protection Commission (PDPC) among other responsibilities. If you have not appointed a DPO for your company, the CorpPass Administrators for [...]

By |2024-04-12T12:20:58+08:00April 12th, 2024|Running a Company|

When is a good time to start preparing the financial statements for the company?

This question stems from queries that clients posed to our accounting team. As you may already be aware, Raffles Corporate Services does provide bookkeeping services. This means that clients send us their bills, invoices, receipts and other accounting-related documents to have their financial statements prepared. The financial statements are important as they are used for [...]

By |2024-04-11T16:02:25+08:00April 11th, 2024|Uncategorized|

What documents are required when incorporating your company

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. [...]

By |2024-04-11T13:32:33+08:00April 11th, 2024|Useful Incorporation Articles|

How to conduct responsible retrenchment

In accordance with the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment (TAMEMRR), it is imperative that the criteria for selecting employees for redundancy are objective and the process is executed equitably. While adherence to the TAMEMRR is not mandated by law for employers, it delineates recommended practices for progressive workforce management, emphasizing the [...]

By |2024-04-09T13:34:04+08:00April 9th, 2024|Employment and Immigration, Running a Company|

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

A Multi-Currency Account offers the flexibility to manage and engage in transactions across different currencies within a unified account framework. Such accounts streamline the process of exchanging foreign currencies, proving advantageous for international dealings and benefiting individuals who travel frequently. Prominent banking institutions in Singapore provide access to Multi-Currency Accounts, each characterized by distinct features [...]

By |2024-04-02T16:57:57+08:00April 2nd, 2024|Questions and Answers|

Understanding the Distinction Between CEO and Founder Titles in a Professional Context

In the realm of business, the titles of CEO (Chief Executive Officer) and Founder carry significant weight and implications, both internally within the organization and externally in the broader business community. This analysis aims to delineate the roles and responsibilities associated with each title, their impact on company operations, and how they are perceived in [...]

By |2024-04-01T13:24:24+08:00April 1st, 2024|Running a Company|

What businesses can foreigners on certain passes in Singapore start?

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. [...]

By |2024-03-25T18:21:47+08:00March 25th, 2024|Employment and Immigration, Useful Incorporation Articles|

How to get a Singapore PR through the Singapore Global Investor Programme

In the realm of business opportunities in Singapore, the pathway to acquiring permanent residency (PR) through investment is open to those willing to infuse capital into the nation's economy and demonstrate entrepreneurial acumen. This avenue, formally designated as the Global Investor Programme (GIP Scheme), is commonly known as the Investor Scheme. For individuals contemplating relocation [...]

By |2024-03-20T19:29:22+08:00March 20th, 2024|Employment and Immigration|
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