Drafting a company constitution is a very important matter. This is essentially a rulebook as to how a company should conduct its business. Adherence to the company constitution is necessary when dealing with company related matters. Therefore, how a company operates stems from its constitution. Great thought must be placed as to how the company [...]
An In-depth Look at Key Legislative Changes and Their Implications Introduction The Corporate Service Providers Act 2024 and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act 2024 represent significant legislative milestones in corporate regulation. These new laws introduce several key changes aimed at enhancing transparency, accountability, and efficiency within the corporate sector. This blog [...]
There are two methods for a previously struck-off company to be restored to the register of companies. They are: a) By way of an application to the Court under s 344(5) of the Companies Act 1967 (CA); or b)By way of an application for administrative restoration under s 344D CA a) By way of [...]
Singapore is coming down hard on money laundering and terrorism financing activities. Every Singapore company should have processes in place to deal with such matters. Every company should have an anti-money laundering framework in place. Creating an Anti-Money Laundering (AML) framework for a Singapore company involves a series of steps to ensure compliance with [...]
Companies are free to change their registered address. The company's registered address may be different from its operating address. For example, a company dealing with supplying raw goods may be operating out of a warehouse or an industrial site. They may not want official letters delivered to that operating address. They may have a headquarters [...]
There are many reasons why some companies may choose to use a virtual office. Some people may conflate it with registered office service. A registered office service alone means that a company uses the office address of a service provider, usually the corporate service provider, to fulfil the statutory requirement that every Singapore registered company [...]
A company may alter its share capital. This is provided for in section 71(1) of the Companies Act. Section 71(1) of the Companies Act states: Subject to subsections (1B) and (1C), a company, if so authorised by its constitution, may in general meeting alter its share capital in any one or more of the following ways: [...]
So you are running a Singapore company. You need a summary of what you need to file so that the company is compliant with the local regulations. In short, there are 3 types of filings that you need to remember when you are running a Singapore Company. Annual Returns Estimated Chargeable Income (ECI) Income Tax [...]
A company is perpetual. This means that it is a going concern until there is action taken to cease its existence. A Variable Capital Company (VCC) is a type of company. This particular corporate structure will remain a going concern until the VCC is wound up or struck off. The way a VCC is struck [...]
Singapore is a pivotal hub for global trade, especially for transactions spanning the eastern and western time zones. As per the latest World Trade Organization statistics, Singapore ranks as the 14th largest merchandise exporter globally, boasting a trade-to-GDP ratio of 404.9%. This guide is designed to assist those looking to establish a trading company in [...]