If you are a director of a Singapore company — whether as the founder, an executive, or a non-executive board member — how you receive remuneration from the company has real consequences for your personal tax position, your CPF obligations, and the company's deductibility of that expense. The distinction between director's fees and a director's [...]
Accessing financing remains one of the most practical challenges for small and medium enterprises (SMEs) in Singapore. The Enterprise Financing Scheme (EFS), administered by Enterprise Singapore, is the government's flagship programme designed to help Singapore SMEs secure debt financing through participating financial institutions. With the government bearing a share of the credit risk, banks and [...]
Not every Singapore company is required to have its financial statements audited each year. For thousands of small businesses, the small company audit exemption under the Companies Act 1967 removes the mandatory audit requirement — saving directors significant time and cost without compromising their core compliance obligations. But qualifying is not automatic, and changes may [...]
When a Singapore company is struck off the Accounting and Corporate Regulatory Authority (ACRA) register, it ceases to exist as a legal entity. For a creditor owed money by that company, this is often deeply frustrating: the debtor has, in effect, been administratively dissolved — removing the entity the creditor needs to sue, enforce against, [...]
This article is part of our series on Singapore company law court proceedings. It covers the reinstatement of a Singapore company that has been struck off the register by ACRA, from a director's practical perspective. What Does It Mean for a Company to Be Struck Off? Under Section 344 of the Singapore Companies Act (Cap. [...]
When a company is struck off the ACRA register — whether by ACRA's own motion or by voluntary application — it ceases to exist as a legal entity. Its assets vest in the Government, its contracts are at risk of falling away, and its directors and shareholders lose the ability to deal with its property [...]
Singapore's food and beverage (F&B) sector is one of the most vibrant and competitive in Southeast Asia — and one of the most heavily regulated. From the moment you decide to open a restaurant, café, food manufacturer, or food distribution business, you face a layered set of licensing, tax, employment, and corporate compliance obligations that [...]
When a Singapore company is struck off the ACRA register, it ceases to exist as a legal entity. Its bank accounts are frozen. Its contracts are technically unenforceable. Any property it held at the point of dissolution vests in the Singapore Government as bona vacantia. If business was left unfinished — pending litigation, uncollected debts, [...]
Single Family Office vs Multi-Family Office: The Choice That Shapes the Whole Operation For wealthy families considering a Singapore family office, the most consequential decision is rarely the tax incentive scheme — it is the structural choice between a Single Family Office (SFO) and a Multi-Family Office (MFO). The two models share the same end [...]
A company's country of incorporation is not necessarily permanent. Many multinational businesses, family-owned enterprises, and investment structures have re-examined their domicile in recent years — driven by regulatory reform, shifting tax treaty networks, increasing investor preference for transparent and stable jurisdictions, and the desire to access Singapore's world-class banking and financial infrastructure. Singapore law expressly [...]