ACRA appointed filing agent to setup company in SIngapore

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Can director hold directorship for different company

Posted on March 3, 2023
Posted in Company Director and shareholder, Company Registration Guide

Yes, Companies Act allowed director to hold position for more than 1 company as long as there is NO conflict of interest between the relevant companies. Relevant director must remember that all director owned fiduciary director to each Company. Failure to do so may caused court case. Sample case : Hyflux However there is DIFFERENT

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Checklist for Non resident to register Singapore company

Posted on September 23, 2022
Posted in Company Registration Guide

Being Non resident ( foreigner) , how should we register company in Singapore ? Are we qualified to do so ? Following outline the basic requirement . Stage 1 To decide type of Company intend to be set up? Related Article : Are you on the right choose of Pte Ltd Company ? Stage 2

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How director making decision

Posted on August 23, 2022
Posted in Company Director and shareholder

Director is the one who engaged to run the company, how should director make decision in comply with company act especially if there is more than 1 director on board ? Type of decision : change bank signing mandate change registered address getting loan from Bank change company objective change supplier How to make decision

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Important date for Pte Ltd Company

Posted on July 22, 2022
Posted in Company Registration Guide, Company's Compliance matters

What is the date you need to remember or is important for compliance purpose ? DATE OF INCORPORATION (DOI) Is important because based on date of incorporation you can decide financial year end . Example : DOI is 23 June 2022 12 months later will be 30 May 2023 which will be your 1st financial

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Is director consider self employed

Posted on June 13, 2022
Posted in Company Director and shareholder

. Every Pte ltd have list of appointed officer ( director, company secretary , auditor ) and each of them holding different responsible role towards company . List of officer is engaged under Company name and in return company paying salary/ services fees for their services . Question : Is director consider self employed ?

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Non resident Director who received director fees

Posted on May 17, 2022
Posted in Company Director and shareholder

Who is consider as Non resident director ? Non resident director refer to someone who do NOT have legal visa to stay long in Singapore . or who stay in Singapore LESS THAN 183 days Is Employment Pass holder consider as Non resident director ? No, because they have valid working visa in Singapore .

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Debarment of Director

Posted on April 21, 2022
Posted in Company Director and shareholder, Company's Compliance matters

WHAT IS DEBARMENT OF DIRECTOR ? ACRA will debar the director to take any NEW appointment from the debarment date REASON OF DEBARMENT FAILED to file the relevant documents at least 3 months after the prescribed deadline DEBARMENT PROCESS ACRA will send notice to the relevant director and director is given chance to defence himself

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Is director responsible for company debt

Posted on March 16, 2022
Posted in Company Director and shareholder

If you are engaged as company director services , you must wondering ” Will i liable for the company liabilities / debt ?” You may argue that Pte Ltd is carry separate legal entity concept, so i free from all the company’s liabilities. But there is always exemption scenario : When the director acting as

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Pte Ltd vs Sole Proprietorship

Posted on March 1, 2022
Posted in Company Registration Guide

Popularity of Pte Ltd is always ahead of sole proprietor . Why ? TAX RATE ON COMPANY VS PERSONAL Company will be tax at a flat rate of 17% of its chargeable income. Click here for basic guide in Corporate tax Whereas all profit from sole proprietor will be tax on personal level. The higher

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How to manage Singapore registered company from oversea ?

Posted on February 23, 2022
Posted in Company Registration Guide

How to manage compliance requirement if you are NOT in Singapore ? What is the solution ? With the help of Corppass Every singapore registered company is required to register with Corppass right after incorporated with ACRA Information needed before apply for Corppass ? Company UEN number Singpass Who authorised to apply for Corppass ?