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

Singapore is a very open economy and we do welcome individuals from all over the world to open companies in Singapore to do legitimate business. Foreigners can fully own a Singapore company. A foreigner can also apply for a valid working pass to become the local director of the Singapore company. Being open and pro-business [...]

By |2020-08-26T21:53:53+08:00August 26th, 2020|Questions and Answers|0 Comments

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

Very often people do get confused by social enterprises and charities. Even though they may seem similar in nature, there are clear and obvious distinctions. For a non-profit organisation to be called a charity, it has to apply for charity status. For the sake of this article, we will use charity and non-profit organisations to [...]

By |2020-07-26T14:57:56+08:00July 27th, 2020|Questions and Answers|0 Comments

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

According to the Intellectual Property Office of Singapore (IPOS), A trademark is a sign that you can use to distinguish your business’ goods or services from those of other traders. It can be represented graphically in the form of your company’s name or logo. A trademark can add value to your business. Using a trademark [...]

By |2020-07-15T09:27:37+08:00July 15th, 2020|Questions and Answers|0 Comments

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

Living in Singapore does have its perks and there are many people who want to come to Singapore and apply for Singapore permanent residency and even eventually obtain Singapore citizenship. Singapore has very low taxes, it is one of the safest places to live in the world, it is a country with a very high [...]

By |2020-06-07T11:05:38+08:00June 7th, 2020|Questions and Answers|0 Comments

How fast will it take to incorporate a Singapore company?

If you are a local or a foreigner looking to incorporate a company in Singapore, you may engage an ACRA registered filing agent like us. Firstly, you will need to fill in the related incorporation documents which can be found at this link: You will need the following forms: Incorporation of New Company Form [...]

By |2020-06-06T10:57:27+08:00June 4th, 2020|Questions and Answers|0 Comments

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

The Estimated Chargeable Income (ECI) is an estimate of the company's taxable income for a certain Year of Assessment (YA). The taxable income is after deducting tax-allowable expenses. In simple terms, it is the total revenue less allowable expenses which is the taxable profit of the company. Due to the tax filing season for companies, [...]

By |2020-06-02T08:20:49+08:00June 2nd, 2020|Questions and Answers|0 Comments

What is an investment holding company or holding company?

A typical company conducts business and hires staff to produce goods and services and sells these goods and services to receive revenue. An investment holding company is a company that does not conduct any actual business but instead invests in assets. The investment holding company can invest in property, equities or even things like wine [...]

By |2020-05-24T13:56:29+08:00May 24th, 2020|Questions and Answers|0 Comments

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

Singapore, along with Hong Kong and perhaps Shanghai, is a leading asset management hub for institutional investors and fund managers looking to tap into the opportunities in the region. Singapore is increasingly pulling ahead as the premier place for fund management especially with the introduction of the Variable Capital Companies Act. We explained about the [...]

By |2020-05-24T02:35:09+08:00May 24th, 2020|Questions and Answers|0 Comments

Does my company need to hire an auditor?

A private company limited by shares, commonly referred to as company, is regulated by the Accounting and Corporate Regulatory Authority (ACRA). Companies are required to adhere to the Companies Act and in the Companies Act, the need to hire an auditor is spelt out clearly. If a company is deemed a small company, it does [...]

By |2020-04-23T18:33:03+08:00April 23rd, 2020|Questions and Answers|0 Comments

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

If you are a foreigner looking to set up a company in Singapore, you have the option to set up either a Singapore Subsidiary Company or a Singapore Branch Office. There is another option to set up a Singapore Representative Office with Enterprise Singapore and that topic will be covered in another article. Singapore Subsidiary [...]

By |2020-07-16T09:36:28+08:00March 18th, 2020|Questions and Answers|0 Comments
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