Singapore Corporate Compliance

All About Remuneration of Non-resident Director and How Is It Taxed in Singapore

In the dynamic landscape of corporate governance, the role of directors is pivotal. Their expertise, decisions, and guidance shape the trajectory of businesses. In Singapore, a global business hub known for its robust regulatory framework and favourable business environment, the remuneration of directors, particularly non-resident directors, is a topic of significance. In this blog, we…

Fund Accounting: Understanding the Core Concepts

As a global financial hub, Singapore is home to a diverse range of organizations, including nonprofits, government entities, and charitable foundations. For these entities, managing funds efficiently and transparently is essential. Enter fund accounting – a specialized form of accounting tailored to the unique needs of organizations dedicated to specific causes. In this blog, we…

The Pitfalls of Relying on a Personal Bank Account for Your Business in Singapore

In the vibrant and competitive business landscape of Singapore, entrepreneurs are often faced with critical decisions that can shape the success of their ventures. One such decision involves the choice between using a personal bank account or opting for a dedicated business account. In this blog, we explore the pitfalls associated with relying on a…

Statutory Compliance Requirements in Singapore For Companies

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…

Navigating the A to Z of Patent Registration in Singapore

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…

The Critical Role of a Company Secretary in Singapore at Each Stage of the Business Lifecycle

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…

What Should I Do If I’m Late In Filing My Corporate Taxes?

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.…

What Are the Director’s Duties in Relation To Financial Reporting?

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…

Quick Guide on Annual Returns in Singapore

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…

What is a Register of Nominee Directors?

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…