The first tranche of the Corporate and Accounting Laws (Amendment) Act 2025 (CALA Act) commenced on 6 May 2026, marking the most significant overhaul of Singapore's company law in over a decade. ACRA published its commencement notice on 16 April 2026, giving directors and company secretaries roughly three weeks to prepare. If you are a [...]
Closing a Singapore company is a process that demands precision. While the strike-off route is the cheapest and quickest way to wind down a dormant or non-trading entity, ACRA's eligibility bar is strict — and many directors are caught out by lingering tax liabilities, undischarged charges, or simple paperwork errors that delay the process by [...]
Until 2017, foreign companies that wanted to operate in Singapore had to choose between setting up a branch office, incorporating a fresh subsidiary, or running a representative office. None of these routes preserved the legal identity of the original entity — meaning contracts, intellectual property, regulatory licences, and operating history all stayed in the old [...]
Closing a Singapore company is more often a paperwork exercise than a financial one. Most owner-managed Singapore companies that have stopped trading do not need to be wound up by a liquidator — instead, they can apply to ACRA to be struck off the register under section 344A of the Companies Act 1967. The process [...]
Running a Singapore-incorporated company looks effortless from the outside. Behind the scenes, every directors' decision, every shareholder change, every dollar of revenue, and every working day flows through a calendar of statutory obligations administered by ACRA, IRAS, and (where relevant) MOM. Miss one and you face penalties that scale fast — late lodgement fees, prosecution [...]
Running a Singapore company involves a calendar of recurring obligations to ACRA, IRAS, MOM, and CPF. Miss a deadline and the consequences range from late filing penalties of S$300–S$600 with ACRA, to compounded GST penalties with IRAS, to disqualification of directors in serious cases. The good news: every deadline is predictable once you know your [...]
Introduction Every company incorporated in Singapore is required by law to maintain a comprehensive set of statutory records. These records serve as the official documentation of a company’s structure, governance decisions, and financial activities. Failure to keep them up to date can result in penalties, prosecution, and even the disqualification of directors. Yet many business [...]
Why Share Transfers Matter for Singapore Companies Transferring shares in a Singapore private limited company is one of the most common corporate transactions that business owners will encounter. Whether you are bringing in a new investor, restructuring ownership among existing shareholders, or facilitating a management buyout, understanding the proper procedure for transferring shares is essential. [...]
What Is the Corporate Service Providers Act 2024? The Corporate Service Providers Act 2024 (CSP Act) represents one of the most significant pieces of legislation to impact the corporate services industry in Singapore in recent years. Enacted by Parliament and brought into effect on 9 June 2025, the CSP Act establishes a comprehensive regulatory framework [...]