Singapore Corporate Compliance

Corporate Compliance Requirement – Ongoing Compliance

Corporate Compliance Requirement – Ongoing Compliance If you are a Singapore-based company, you must comply with the legal requirements of the Singapore Companies Act and file your Annual Return with the Accounting and Companies Regulatory Authority (ACRA) and the Singapore Inland Revenue Authority (IRAS). It is imperative that all companies comply with the law in…

Corporate Compliance Requirements – ACRA Compliance

Corporate Compliance Requirements – Compliance with ACRA   Requirement for Register of Registrable Controllers (RORC) Companies, foreign companies and limited liability partnerships (LLPs) (unless exempted) are expected by ACRA to maintain information on beneficial ownership in the form of a Registry of Registered Controllers (RORC) and upon request, to make this information accessible to public…

Corporate Compliance Requirements – IRAS Compliance

Corporate Compliance Requirement – IRAS Compliance   Annual Filing Requirements with the Inland Revenue Authority of Singapore (IRAS) All registered companies in Singapore are expected to submit an annual ECI and Form C tax return to IRAS as part of their statutory compliance.   Estimated Taxable Income (ECI) The ECI is an estimate of the…

What to Do When a Company Director Resigns

What to Do When a Company Director Resigns A person may want to leave their position as a director of a company by signing a resignation. There are many different reasons why a director might want to do this. Some of the most common reasons include conflict with other directors, poor health, disqualification, and change…

The Importance of a Shareholders’ Agreement

The Importance of a Shareholders’ Agreement What exactly is a Shareholders’ Agreement? A Shareholders’ Agreement is a legal document that shows all the rights, as well as all the obligations that the shareholders have in a company. When it comes to Singapore, these documents are often used in joint venture companies or closely held companies.…

Annual General Meeting (AGM) in Singapore: Everything You Need to Know

Annual General Meetings (AGM) in Singapore: Everything You Need to Know The Accounting and Corporate Regulatory Authority (ACRA) is ramping up its efforts to clamp down on companies that breach the Companies’ Act. Failure to hold the company’s AGM on time is one of the things that could get you in trouble with ACRA. Under…

Penalties for Failing to Hold Annual General Meetings or File Annual Returns

Penalties for Failing to Hold Annual General Meetings or File Annual Returns The Accounting and Corporate Regulatory Authority (ACRA) is Singapore’s watchdog for companies operating in the country. Among other tasks, ACRA monitors whether they hold the annual general meetings and file their annual returns in time. It also has the authority to punish and…

Why You Should Engage a Corporate Service Provider

Why You Should Engage a Corporate Service Provider Every credible company in Singapore needs some business support services of one kind or another. At the very least, every credible company needs professional secretarial services per law under the Singapore Companies Act. A corporate service provider is a company that provides business support services to other…