Corporate Article

How to start an import-export business or a trading company in Singapore

How to start an import-export business or a trading company in Singapore

Many businesses involve the importing and exporting of goods. Here is a general guide for anyone out there who would like to get into the trading business. Step 1: Register for a company and activate a Customs Account You will need an entity to engage in import and export activities in Singapore. You can register […]

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The Company Constitution. A brief explanation and how to make changes to it.

The Company Constitution is a set of document that sets out the rules and manner in which the company is being regulated and managed. In the past, this was referred to as the Memorandum of Association and Articles of Association. Since 3rd January 2016, these two documents have been merged into the Company Constitution. In

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Common Tax Reliefs that will help to reduce the tax bill for New Start-Up Companies

The Singapore government has always been supportive of start-up companies and has many schemes to support entrepreneurship. One of the ways which they have been assisting new start-up companies is by providing tax reliefs. Let us focus on Year of Assessment 2019 and 2020. Year of Assessment 2019 (YA 2019) This is for financial years

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Common Tax Reliefs that will help to reduce the tax bill for Companies

Common Tax Reliefs that will help to reduce the tax bill for Companies

The Singapore government has tax reliefs that are designed to reduce the tax burden for companies. The Inland Revenue Authority of Singapore (IRAS) has come up with a Partial Tax Exemption for Companies (PTE). All companies, including companies limited by guarantee, can enjoy PTE unless they have already claimed the Tax Exemption Scheme for New

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How to select the right nominee director for your company

How to select the right nominee director for your company

Some businesses may require a nominee director for a variety of reasons. For foreign-owned companies, they may require a nominee director to fulfil statutory requirements of having one local resident director. Some individuals may be employed in certain companies that prohibit them from being a director in another company. These individuals may want to set

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The difference between a Private Company and an Exempt Private Company

The difference between a Private Company and an Exempt Private Company

The most typical company that is incorporated is Private Company limited by Shares. There are, however, two different types of Private Company limited by Shares, namely a Private Company and an Exempt Private Company. Exempt Private Company limited by Shares An Exempt Private Company limited by Shares is a private company which has at most

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Investment Holding Company in Singapore

The benefits of setting up an Investment Holding Company in Singapore

An Investment Holding Company is a company that derives its revenue from the management of assets such as real estate or shares of companies. In Singapore, there are many such companies and the owners of these companies come from all over the world. Here are some reasons why people from all over the world would want to

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The importance of complying with the Constitution and the Companies Act

The importance of complying with the Constitution and the Companies Act

Singapore is one of the most convenient places in the world to set up a company. If all the documentation is complete, a company can be set up in less than a day. Once a company is set up, the responsibility is placed on the directors to adhere to the constitution of the company and the Companies

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