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|

The differences between an LLC, LLP and Sole Proprietorship

When starting a business entity, entrepreneurs are often faced with the dilemma of whether to start a Limited Liability Company (LLC), More commonly known as Private Limited Company, a Limited Liability Partnership (LLP) or Sole Proprietorship. In this article, we will discuss the differences between the three and spell out the advantages and disadvantages of [...]

By |2020-10-10T11:39:18+08:00October 10th, 2020|Useful Incorporation Articles|

How to start a spa in Singapore

Setting up a spa in Singapore can be a rather profitable business given the affluent nature of the population. This article will spell out the required licences as well as the requirements when setting up a spa in Singapore. The Massage Establishment Act states that a Massage Establishment (ME) License is required in order to [...]

By |2020-10-10T11:48:11+08:00October 6th, 2020|Useful Incorporation Articles|

Is having a high Paid-Up Capital important?

Paid-up capital is the amount of money a company has received from shareholders in exchange for shares. In Singapore, companies can have as low a paid-up capital as SGD$1. In this instance, the company has received SGD$1 for perhaps 1 share of the company, assuming that the company is denominating one share at SGD$1. Let [...]

By |2020-10-10T11:48:35+08:00August 30th, 2020|Useful Incorporation Articles|

Can a foreign owned Singapore company open a company bank account in Singapore?

Singapore is a very open economy and we do welcome individuals from all over the world to open companies in Singapore to do legitimate business. Foreigners can fully own a Singapore company. A foreigner can also apply for a valid working pass to become the local director of the Singapore company. Being open and pro-business [...]

By |2020-10-10T11:48:48+08:00August 26th, 2020|Questions and Answers, Useful Incorporation Articles|

How to convert a sole proprietorship or limited liabilited partnership to a company

There are a whole host of reasons why a company structure is a more effective business structure and from time to time, sole proprietors or limited liability partnerships may decide to convert their business structure to a company. There are some pros and cons to converting to a company and these should be well thought [...]

By |2020-10-10T12:00:51+08:00August 6th, 2019|Useful Incorporation Articles|

The Variable Capital Companies Act 2018

On the 1st of October 2018, the Singapore parliament passed the Variable Capital Companies Act. The act was assented to by the President on the 31st of October 2018. The Variable Capital Companies Act provide for the incorporation, operation and regulation of new corporate entities called Variable Capital Companies. A Variable Capital Company (VCC) has [...]

By |2020-10-10T12:01:13+08:00July 23rd, 2019|Useful Incorporation Articles|

How to set up a Social Enterprise in Singapore?

A Social Enterprise is a typical company. It is basically a normal, typical company which is profit driven and the incorporation process is basically the same as starting a new company because a starting a Social Enterprise is starting a normal, typical company. There is no special SSIC code which companies must place on their [...]

By |2020-10-10T12:01:23+08:00July 5th, 2019|Useful Incorporation Articles|
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