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Singapore, renowned for its vibrant economy and business-friendly environment, has become a hub for global enterprises. However, success in this dynamic market requires more than just entrepreneurial spirit and strategic planning; it demands a thorough understanding and adherence to the statutory compliance requirements. In this blog post, we delve into the essential aspects of statutory…
Patents play a crucial role in protecting and fostering innovation in today’s fast-paced global economy. For businesses and inventors in Singapore, securing a patent is a strategic move that not only safeguards their intellectual property but also grants them exclusive rights to their inventions. Navigating the intricacies of patent registration in Singapore, however, can be…
In the dynamic landscape of business, companies undergo various stages of growth and development. At each juncture, the role of a company secretary becomes increasingly pivotal in ensuring smooth operations, compliance with regulations, and effective governance. From inception to maturity, the company secretary in Singapore plays a critical role in shaping the trajectory of the…
Every business in Singapore is mandated by law to file and pay taxes. The Inland Revenue Authority of Singapore (IRAS) sets the corporate tax filings due date as the 30th of November each year. You can either do this on your own or appoint a corporate tax filing agent to do it on your behalf.…
In the world of finance and business, quality financial reporting is the holy grail. It plays a vital role in understanding a company’s financial standing or integrity. Moreover, with the increasing globalisation of the world, businesses are able to transact and collaborate with partners and clients from anywhere in the world. As a result, many…
Have you ever received a reminder from your corporate secretary telling you that you need to file your annual returns? If you have, then you have come to the right place! The main goal of this guide is to explain all the steps that you need to take if you want to ensure that your…
A nominee director is a company director hired by an individual or a group of individuals to represent the interests of that individual or group. The need to hire a nominee director arises due to the statutory requirement of having at least one local director. Foreigners or foreign companies looking to start a business in…
When you purchase shares in a company, you become a shareholder. Companies issue share certificates to shareholders as proof of membership. The certificate states essential information such as the number of shares issued and the date of issuance. Only private limited companies issue share certificates. Publicly-listed companies issue share certificates electronically, which are then moved…
Singapore caters to small businesses by allowing homeowners to conduct business from the comfort of their home. Yes, companies can use home address as their registered business address if they register through the Housing Development Board (HDB) or the Urban Redevelopment Authority (URA). To do so, businesses must meet the HDB and URA criteria and…
Effective from 31st March 2017, all companies (foreign companies inclusive) and limited liability partnerships (LLPs) in Singapore must keep a Register of Registrable Controllers (RORC) unless they are otherwise exempted. With effect from 30th July 2020, entities are also expected to lodge the exact information in their register of registrable controllers with the central register…