Corporate Article

An Annual General Meeting (AGM) is one of the statutory requirements for all companies. It is an annual meeting where the directors will present the company financial statements as well as other related matters to the shareholders. The shareholders are essentially the owners of the company and the directors are working for the shareholders. The […]

If you set up a Singapore company, your company will be liable for corporate taxes and the individuals who are employed in the company will have to pay personal income taxes on the salaries that are paid to them. In Singapore, corporate tax rates are a flat 17%. However, there are common tax reliefs that

A director of a Singapore company can be disqualified when: The director becomes bankrupt. The director is convicted of an offence involving fraud or dishonesty that is punishable with an imprisonment term of 3 months or more. The director has been convicted for 3 or more filing offences under the Companies Act within a period

Paid-Up Capital is essentially the monies which the company has received in exchange for its shares. This money must be deposited into the company’s bank account and can only be used for the running of the company. For example, if a company sells 100,000 ordinary shares for SGD$100,000 to a shareholder, this SGD$100,000 must be

The answer is yes. Since 10th June 2003, the Home Office Scheme allows businesses, be it sole proprietors, partnerships or companies, to use their residential address as the registered business address. If you are living in a Housing and Development Board (HDB) flat, you will need to obtain prior approval from the HDB and if

Living in Singapore does have its perks and there are many people who want to come to Singapore and apply for Singapore permanent residency and even eventually obtain Singapore citizenship. Singapore has very low taxes, it is one of the safest places to live in the world, it is a country with a very high

The Register for Registrable Controllers is a document that lists all controllers and beneficial owners of a company. A controller is an individual or an entity that has significant interest or significant control over the company. Significant interest is determined as an individual or an entity that: holds 25 per cent or more of shares;

The Estimated Chargeable Income (ECI) is an estimate of the company’s taxable income for a certain Year of Assessment (YA). The taxable income is after deducting tax-allowable expenses. In simple terms, it is the total revenue less allowable expenses which is the taxable profit of the company. Due to the tax filing season for companies,

The need to maintain a Register of Registrable Controller (RORC) came into effect on the 31st of March 2017 through the amendment of The Companies Act. Newly incorporated companies will be required to have and maintain the registers of registrable controllers within 30 days from the date of incorporation and existing companies will be given