Owning and operating a Small and Medium Enterprise (SME) in Singapore requires careful financial management. A crucial aspect of this is securing adequate financing to fund operations, support growth, and navigate challenges. Fortunately, SMEs in Singapore have access to a diverse range of financing options, each with its own characteristics and suitability depending on the [...]
Singapore, a bustling hub of commerce and innovation, thrives on a competitive marketplace. To ensure fair play and prevent anti-competitive practices that could harm consumers and businesses, the nation has a robust legal framework in place: the Competition Act 2004 (Cap. 50B). Understanding the fundamental principles of this law is not just good practice for [...]
In Singapore, ensuring the legitimacy of company meetings is paramount. A fundamental aspect of this is the concept of a quorum. A quorum refers to the minimum number of members required to be present at a meeting, either in person or by proxy, for the meeting to be validly convened and for any business conducted [...]
Maintaining accurate and up-to-date records with the Accounting and Corporate Regulatory Authority (ACRA) is a fundamental compliance requirement for all companies registered in Singapore. This includes promptly notifying ACRA of any changes to your company's officers, such as directors, company secretaries, and auditors. Failure to do so within the stipulated timeframe can lead to penalties [...]
Relocating an office is a significant undertaking for any business. Whether driven by expansion, downsizing, or seeking a more strategic location, a well-planned move is crucial to minimize disruption and ensure a smooth transition for your team and operations. This guide provides a step-by-step approach for businesses planning an office relocation in Singapore. Step 1: [...]
Operating a business in Singapore offers significant advantages, but it also comes with a comprehensive set of regulatory requirements. For companies to maintain good standing and avoid penalties, ensuring ongoing compliance with various authorities like the Accounting and Corporate Regulatory Authority (ACRA), the Inland Revenue Authority of Singapore (IRAS), and the Ministry of Manpower (MOM) is [...]
Companies in Singapore sometimes repurchase their own shares from the marketplace or existing shareholders. While these repurchased shares can be cancelled, companies also have the option under the Companies Act 1967 to hold these shares "in treasury". These are known as treasury shares. But what exactly are treasury shares, why do companies hold them, and [...]
When individuals or entities invest in a company by purchasing shares, they acquire a portion of ownership in that company. But how is this ownership formally recognised and proven? In Singapore, as in many jurisdictions, the share certificate plays a crucial role. Understanding what a share certificate is, the information it contains, and its legal [...]
Singapore's dynamic business environment offers tremendous opportunities, but navigating its regulatory landscape requires careful attention to compliance. One crucial aspect for every incorporated company is appointing a competent corporate secretary. This role is not merely administrative; it's fundamental to maintaining good corporate governance and meeting statutory obligations. Choosing the right corporate secretarial service provider is [...]
In the dynamic landscape of Singapore's business environment, various roles contribute to the smooth operation and legal standing of a company. Among these, the Corporate Secretary holds a position of significant importance, often acting as the backbone of a company's administrative and compliance functions. But what exactly is a Corporate Secretary in Singapore, and why [...]