Dependant Passes are issued by the Ministry of Manpower (MOM) to family members of qualified Employment Pass and S Pass holders. The family members who are eligible are spouses and children under the age of twenty-one. To qualify, the Employment and S Pass holder must earn a minimum of SGD$6,000 a month for their spouses [...]
Some business owners may wish to work from home and thus may want to use their HDB flats as their registered address. HDB does allow this under the Home Office Scheme. To apply for a home office, you would need to make an application on the HDB website. The License for Home Office Scheme is [...]
If a company wants to hold an Extraordinary General Meeting (EGM), it has to send out a written notice to all its shareholders to inform them of the meeting. The notice period may differ between private and public companies. If a private company would like to hold an EGM to pass an ordinary or special resolution, it must [...]
The term Chief Executive Officer, or CEO, refers to the most senior executive decision-maker in the company. In many instances, the term CEO and Managing Director (MD) is used interchangeably. The Companies Act defines the CEO as a person who is principally responsible for the management and conduct of the company and its business. So long as the [...]
There are times when a company may want to increase its share capital. Increasing share capital is essentially selling newly issued shares to existing or new shareholders in exchange for investment capital. A company may also issue new shares to reward its employees or to give them a stake in the company so that they [...]
A common query which we get is from clients looking to change company name. Even after incorporation, the name of a company can be changed. There can be a variety of reasons why a company would want to change its name. The new name could be a better representation of the business or it could [...]
From time to time, a Singapore company may want to change its company address. The company may move to another location for a variety of reasons. If your company would like to effect a change of address, here is what you need to do. The board will first decide on the change in address The [...]
No. S Pass and Work Permit holders need to adhere to very strict employment guidelines with the Ministry of Manpower (MOM) and they are not allowed to manage any business in Singapore. They are not allowed to be sole-proprietors, partners or directors of any Singapore-registered company. If they are caught doing so, they will have [...]
Upon incorporation of a Singapore company, it is mandatory to appoint a company secretary within six months of incorporation. The secretary post should also not be left vacant for more than six months. Companies can choose to hire an in-house secretary or appoint a corporate service provider to fulfil this position. Here is a breakdown [...]
If you start a company in Singapore, you may want to work in Singapore. You may want to take up the position as the local resident director of the company or would like to reside and work in Singapore to grow your company. You can either apply for an Employment Pass (EP) or an Entrepreneur [...]
