admin, Author at Biztree Management

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Company Registration With Employment Pass

Posted on September 28, 2020
Posted in Company Registration Guide

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

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WHAT IS Variable Capital Company(VCC)

Posted on September 1, 2020
Posted in Company Registration Guide

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

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

Posted on August 4, 2020
Posted in Company Registration Guide, Company's Compliance matters

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

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Directors’ Fees vs Directors’ Salary

Posted on July 24, 2020
Posted in Company Director and shareholder

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

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Filing Method for Dormant Company

Posted on July 14, 2020
Posted in Company's Compliance matters

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

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AGM : Must i attach report to ACRA ?

Posted on July 3, 2020
Posted in Company's Compliance matters

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

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All Question About Paid Up Answered Here

Posted on June 23, 2020
Posted in Company Director and shareholder, Company Registration Guide

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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Company Registration with foreigner

Posted on June 17, 2020
Posted in Company Registration Guide

Document Needed for Director Passport Supporting documents for residential address Contact detail : email address and phone number Document Needed for Shareholder ( Individual ) Passport Supporting documents for residential address Contact detail : Email address and phone number Document Needed for Shareholder ( Corporate ) For a Company to be shareholder for Singapore registered