The concept of a holding company and the requirements for one setting up

A holding company is a legal entity that owns and controls other companies, with the primary operational activities carried out by its subsidiary companies. It is established to mitigate risks for the owners, as their liabilities are limited to the shares or assets associated with the subsidiary held by the holding company. The use of [...]

By |2023-10-06T18:32:54+08:00July 6th, 2023|Running a Company, Useful Incorporation Articles|

What is bootstrapping?

Bootstrapping a business means starting and running a business using one's own resources without external funding or significant debt. In other words, it refers to building a business from scratch by relying on personal savings, revenue generated by the business, and other non-traditional funding sources. The concept of bootstrapping in business has gained popularity in [...]

By |2023-04-03T16:54:45+08:00April 7th, 2023|Useful Incorporation Articles|

Starting an Import / Export Business in Singapore

For a start, you will need to know that there are two types of goods. Controlled goods and non-controlled goods. If you intend to bring goods from abroad to sell in Singapore, you must obtain import permits and licenses for "controlled goods." First, ensure that your business is registered with the Accounting and Corporate Regulatory [...]

By |2023-11-14T14:52:57+08:00March 10th, 2023|Useful Incorporation Articles|

The importance and significance of the paid up capital of a Singapore registered company

Paid-up capital refers to the portion of a company's authorized capital that has been paid for by shareholders in exchange for shares. In Singapore, the minimum paid-up capital required to register a private limited company is SGD $1. The paid-up capital of a Singapore-registered company has several important functions and significances, including: Legal Requirement: A [...]

By |2023-11-14T18:52:09+08:00February 23rd, 2023|Useful Incorporation Articles|

Key features of the Model Constitution for companies in Singapore

Every company in Singapore has a company constitution. This essentially is the "rule book" of the company. It sets out how the company does its business and how it deals with matters especially with regards to the conduct of directors and shareholders. You can retrieve the model constitution from this link: The model constitution [...]

By |2023-02-07T10:24:41+08:00February 13th, 2023|Running a Company, Useful Incorporation Articles|

Changes to Aspire’s pricing plan

For the last year, our company has been recommending Aspire to clients who are looking for a digital bank account. We wrote an article about digital banks which can be found here: The main draw for most was that Aspire's corporate account is free. There were no monthly or annual charges. Moreover, there were [...]

By |2022-08-01T12:51:31+08:00August 1st, 2022|Useful Incorporation Articles|

What are the reasons of having a Shareholders Agreement?

A Shareholders Agreement is a legal document binding the shareholders. It spells out the legal rights and obligations of the shareholders and their relationship with each other. A Shareholders Agreement is to complement the company's constitution. It should add additional rules and regulations that are not covered by the constitution. The Shareholders Agreement binds the [...]

By |2020-11-13T15:22:34+08:00November 10th, 2020|Useful Incorporation Articles|

Registration and Compliance Fees to register a Singapore Company with us

Here is a guide to setting up a Singapore company with Little Big Secretary Services Pte Ltd. We are an ACRA Registered Filing Agent and we provide corporate secretarial and accounting services. Setting up a company in Singapore is relatively straightforward and quick. Here is a breakdown of the cost and timeline for incorporation as [...]

By |2020-12-14T09:57:24+08:00November 9th, 2020|Useful Incorporation Articles|

Important compliance requirements for Singapore companies

If you are thinking of incorporating a company or your company is already incorporated, here is a list of compliance requirements that all company directors should ensure that the company adheres to. Do note that it is the duty of the company directors to ensure that the company is following the regulatory requirements. Appointment of [...]

By |2020-10-11T12:17:55+08:00October 11th, 2020|Running a Company, Useful Incorporation Articles|
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