Singapore's two family office tax incentive schemes — Section 13O and Section 13U of the Income Tax Act 1947 — are both administered by the Monetary Authority of Singapore (MAS) and both exempt qualifying fund income from Singapore tax. Yet they are not interchangeable. The right choice between them shapes your minimum asset requirements, fund [...]
From 6 May 2026, Singapore's corporate landscape changed significantly when the Corporate and Accounting Laws Amendment Act 2025 (CALA 2025) commenced. Among its most consequential changes are the amendments to the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) — legislation that governs how companies in Singapore are wound up, dissolved, and how liquidators operate. If [...]
In April 2026, the Accounting and Corporate Regulatory Authority (ACRA) issued Practice Direction No. 1 of 2026 on External Private Capital Arrangements in Accounting Entities — a document that has received relatively little attention from Singapore's business community, yet carries real implications for every company that engages an external auditor. This is not purely an [...]
In April 2026, the Accounting and Corporate Regulatory Authority (ACRA) issued Practice Direction No. 1 of 2026 on External Private Capital Arrangements in Accounting Entities — a landmark regulatory development that has significant implications not only for Singapore’s accounting and audit firms, but for every company director and audit committee member who engages an external [...]
Every director and company secretary of a Singapore private limited company faces the same annual challenge: keeping track of the statutory deadlines that govern corporate filings with ACRA, IRAS, and MOM. Miss a deadline and the company — and its officers — face late filing penalties, composition fines, or in serious cases, prosecution under the [...]
Of all the duties imposed on a director of a Singapore company, none is more fundamental — or more frequently litigated — than the duty to act in good faith and in the best interests of the company. It is the bedrock obligation from which many other fiduciary duties flow. It is also the duty [...]
Singapore has cemented its position as the premier Asian hub for family offices, with the number of single family offices holding Monetary Authority of Singapore (MAS) incentive approvals growing substantially over the past decade. Central to this success are two tax incentive schemes: Section 13O (formerly 13R) and Section 13U (formerly 13X) of the Income [...]
When founders and investors structure a Singapore private limited company, one of the most consequential clauses they can include in a shareholder agreement is the drag-along right. Yet it is also one of the least understood. Poorly drafted drag-along provisions have torpedoed exits, triggered shareholder disputes, and in some cases landed parties in court. This [...]
Closing a company in Singapore has never been a simple administrative exercise, but 2026 has brought a more complex regulatory landscape than before. The Corporate and Accounting Laws (Amendment) Act 2025 (CALA 2025) — which passed Parliament on 5 November 2025 and commenced in phases from April 2026 — has reshaped the statutory framework for [...]
In April 2026, Singapore's Accounting and Corporate Regulatory Authority (ACRA) issued Practice Direction No. 1 of 2026 on External Private Capital Arrangements in Accounting Entities. For most business owners, this may sound like an internal regulatory matter for the accounting profession. But if your company engages an external auditor — as many Singapore private limited [...]