Singapore's audit exemption framework has been unchanged for over a decade. The S$10 million revenue and asset thresholds under Section 205C of the Companies Act 1967 — the gateway to the "small company" exemption — have stood since 1 July 2015. In February 2026, the Accounting and Corporate Regulatory Authority (ACRA) formally announced a review [...]
Singapore celebrates Micro, Small and Medium Enterprise (MSME) Day on 18 June 2026 — a date recognised by the United Nations to promote awareness of the vital role that small businesses play in economies worldwide. In Singapore, ACRA (the Accounting and Corporate Regulatory Authority) has signalled its support for MSME Day 2026 through a series [...]
CALA 2025 Phase 1 commenced on 6 May 2026 with four major changes. More provisions are still pending commencement. A forward-looking guide for directors and company secretaries.
If you are incorporating a Singapore company as a foreigner, or if your Singapore company does not yet have a locally resident director, you will almost certainly encounter the term "nominee director." This is one of the most commonly used — and most commonly misunderstood — concepts in Singapore company formation. This guide explains what [...]
The Corporate and Accounting Laws (Amendment) Act 2025 (CALA 2025) is the most significant reform to Singapore's corporate law framework in recent years. Its first tranche of provisions commenced on 6 May 2026, bringing in stronger director duty penalties, expanded anti-money laundering disqualification, the named audit partner requirement in audit reports, and new double-tier approval [...]
From 6 May 2026, every Singapore company that is required by law to have its accounts audited must ensure that its audit report names — by full name — the individual public accountant personally responsible for the engagement. This is one of the most operationally significant changes introduced by the Corporate and Accounting Laws (Amendment) [...]
The Corporate and Accounting Laws Amendment Act 2025 (CALA 2025) introduced a significant change to Singapore's audit framework: every audit report issued for a Singapore company must now name the individual public accountant responsible for the engagement, not merely the audit firm. This reform affects all companies that require a statutory audit under the Companies [...]
Every Singapore company must comply with AGM requirements under the Companies Act. Learn the deadlines, agenda, exemptions, notice rules, and what happens if you miss the AGM deadline.
On 6 May 2026, key provisions of the Corporate and Accounting Laws (Amendment) Act 2025 (the "Amendment Act") formally commenced in Singapore. For company directors — whether executive, non-executive, or nominee — the changes are immediate and significant. The maximum fine for breaching core director duties has quadrupled from S$5,000 to S$20,000. A new category [...]
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 [...]