SSIC 2025 Is Live: Does Your Company’s Business Activity Code Still Reflect What You Do?

On 9 May 2026, the Accounting and Corporate Regulatory Authority (ACRA) migrated every registered Singapore business entity from SSIC 2020 to the updated SSIC 2025 framework. If you have not checked your company's SSIC code since then, now is the time — because your code may have changed, and an inaccurate code carries real consequences [...]

Secured vs Unsecured Creditors in Singapore Winding Up: Who Gets Paid First?

When a Singapore company is wound up — whether by a court order or voluntarily — one of the most consequential questions is: who gets paid, in what order, and how much? The answer depends critically on whether a creditor is secured or unsecured, and within each category, on the statutory priority rules governing the [...]

Nominee Director in Singapore: Legal Requirements, Risks & How It Works

Every Singapore private limited company must have at least one director who is ordinarily resident in Singapore. For foreign entrepreneurs, overseas companies, and investors who do not have a locally resident individual available to serve, this requirement creates an immediate practical challenge. The solution most commonly used is the appointment of a nominee director — [...]

Employee Incentive Schemes for a Singapore Pte Ltd: ESOP, Share Awards and Phantom Equity Explained

Attracting and retaining top talent is one of the most pressing challenges for growth-stage Singapore companies. One of the most powerful tools available is an employee equity incentive scheme — a structured way of giving employees a stake in the company's success. Done correctly, equity schemes align employee incentives with business growth, reduce cash compensation [...]

Individual Public Accountant Naming in Audit Reports: What Directors Must Verify After CALA 2025

On 6 May 2026, a significant change to Singapore's audit landscape took effect. The Corporate and Accounting Laws Amendment Act 2025 (CALA 2025) introduced a new requirement: every audit report issued by a Singapore company must now name the individual public accountant personally responsible for the engagement. Previously, audit reports were signed off in the [...]

PDPA Compliance for Singapore Companies: The 11 Obligations Every Director Must Know

Every Singapore company that collects, uses, or discloses personal data — which means virtually every business operating in Singapore today — is bound by the Personal Data Protection Act 2012 (PDPA). Enforced by the Personal Data Protection Commission (PDPC), the PDPA sets out 11 distinct obligations that your organisation must fulfil. Failure to comply can [...]

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