When a majority shareholder wants to sell a Singapore company, one of the most common deal-breakers is the minority shareholder who refuses to sell, holds out for a higher price, or simply cannot be located. Drag-along rights exist to solve this problem — they allow majority shareholders (or a defined threshold of shareholders) to require [...]
If you are an employer or HR lead applying for an Employment Pass (EP) in Singapore in 2026, the COMPASS framework is no longer optional reading — it is the gate every new EP application must pass. Introduced by the Ministry of Manpower (MOM) on 1 September 2023 for new EP applications and from 1 [...]
Since September 2023, the Complementarity Assessment Framework (COMPASS) has been the gateway test for almost every Employment Pass (EP) application in Singapore. From 1 January 2026, MOM has refreshed both the qualifying salary thresholds and the institution lists used in scoring — meaning many employers and candidates who passed COMPASS comfortably in 2025 will need [...]
Closing a Singapore company is a decision that requires careful planning and proper execution. When a business has ceased operations and has no outstanding liabilities, the most cost-effective and administratively straightforward way to close it is through a voluntary striking-off application with the Accounting and Corporate Regulatory Authority (ACRA). Once struck off, the company ceases [...]
For any Singapore company director or officer, understanding your obligations around the Annual General Meeting (AGM) is fundamental. The AGM is not merely a legal formality — it is a cornerstone of corporate governance, providing shareholders with a structured opportunity to review financial performance, hold the board accountable, and vote on key resolutions. Failure to [...]
When founders and investors discuss “ownership” in a Singapore company, they’re often talking about different things without realising it. With ordinary shares, the conversation is usually straightforward. But once preference shares enter the picture, the question becomes: Do preference shares count as part of the company’s total share capital? Are preference shares included when calculating [...]
Singapore taxes income gains. There is no capital gains tax in Singapore. Therefore, the items that will attract income taxes are listed in section 10(1) of the Income Tax Act 1947. The section is as such: Charge of income tax 10(1) Income tax is, subject to the provisions of this Act, payable at the [...]
When filing a Notice of Error in BizFile+, understanding the distinction between clerical errors and typographical errors is critical for efficient correction. Here’s how they are defined and addressed in Singapore’s regulatory context: 1. Clerical Error Definition: A clerical error refers to a mistake made during data entry, document preparation, or procedural handling that results [...]
To set up a fund management entity in Singapore, you can choose from several legal structures depending on the type of fund management activities you plan to undertake, your target investors, and regulatory requirements. Below are the key types of entities and licenses relevant for fund management in Singapore: 1. Legal Entity Structures You will [...]
In Singapore, donating to charities, namely Institutions of a Public Character (IPCs), provides substantial tax benefits designed to encourage philanthropy. Donations to the Community Chest will also attract the same tax benefits. Here are the main tax benefits of charitable donations in Singapore: Please note that this applies to both personal as well as corporate [...]