How to Verify Company in Singapore

There always a risk regardless where you business transaction conducting. And the most common is phantom company. So, is good that company take further step to check before enter into contract . Check Pte ltd company for FREE visit www.bizfile.gov.sg and type company name as follow : RESULT : Live company means that the company

Company Registration With Employment Pass

WHO IS EMPLOYMENT PASS HOLDER (EP) EP is type of working pass means for foreigner whose monthly earning income is  S$4,500 with effect from 01 September . EP is govern by MOM regulation CAN EP BECOME COMPANY DIRECTOR YES, but for his Employer Company or its relevant Company ONLY IS EP CONSIDER LOCAL RESIDENTIAL DIRECTOR

WHAT IS Variable Capital Company(VCC)

What is VCC ? VCC is a new Corporate vehicle tailored for INVESTMENT FUND activities . And it was launched on 5 January 2020. VCC will be govern under ACRA and MAS . Why to have VCC ? You must be curious why we need VCC since we already have Pte Ltd, Patnership, LLP in

GST rules apply for Online services product

WHAT IS THE CHANGES ? GST will apply once you purchase ONLINE SERVICE FROM FOREIGN COMPANY WITH EFFECT FROM ? 01.01.2020 WHAT IS THE GST RATE ? 7% TYPE OF ONLINE SERVICE Word/ Excel Anti Virus software Accounting software Online game Cloud Services Online conference software KEY CRITERIA OF ONLINE FOREIGN COMPANY is a foreign

Significance of a Company’s Financial Year End (FYE)

Financial statements provide a snapshot of company financial insight at the particular period and it prepared based on the financial year end . Financial year end play important role in the following area : Company Tax Exemption Planing Company Decision Making Company structure reporting level Company statutory reporting compliance FINANCIAL YEAR END IN COMPANY TAX

Directors’ Fees vs Directors’ Salary

WHAT IS SALARY ? Salary refer to monthly amount of money given to Company employee based on his assigned job scope in the Company . WHAT IS DIRECTOR FEES ? Director fees is paid in recognized your capacity as Company Director . HOW TO DECIDE BETWEEN DIRECTOR FEES OR REMUNERATION ? Director salary and Director

Filing Method for Dormant Company

WHAT IS DORMANT COMPANY ? ACRA exempts Dormant companies from preparing financial statements and holding physical AGMs. Company is consider Dormant if it had NO accounting transactions within a given accounting period excluding the following Appoint a company secretary Maintain a registered office, registers, and books Pay fines, penalties, or fees to ACRA FILING METHOD

AGM : Must i attach report to ACRA ?

The following is 2 basic guideline you need to refer in comply filing annual return with ACRA . So is important to ascertain where your company belong to : Type of Company Financial Status What is the different between Insolvent and Solvent Company Company is INSOLVENT refer to the company unable to meet its debts

All Question About Paid Up Answered Here

Paid up refer to the total amount investment in the Company in return for the Company shares . Related Article : what is Paid Up Capital Frequently Asked Questions (FAQ) How to Decide Amount of Paid Up ? If you apply for Visa Entrepreneur Pass , Company must have at least S$50,000 paid up. If
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