Pte Ltd vs Sole Proprietorship

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

How to decide number of company share

How many shares should a newly registered company issue? Is common question for all business owner . Number of share represent total fund you willing to invest into Company . With effect from 2006, Companies Act had abolished par value of the share , which means that value of shares is varied and is decided

What is Important Clause inside Company Constitution

Company constitution or formerly known as Company Memorandum and Article of Association (MA) is the compulsory legal documents for all Singapore registered company . Company Constitution form binding agreement between Company and shareholder and among the shareholder themselves. You may draft your own copy or used ACRA model constitution . The following is the mandatory

TYPE OF BUSINESS VEHICLE

Keen to join Singapore Entrepreneurship ? here is the list of business vehicle option . OPTION 1 : PTE LTD According to the ACRA records, Pte Ltd is the top choice for public among others option . carry separate legal entity concept which means that it can stand alone and separate from its director and

What is SSIC code

WHAT IS SSIC CODE ? Singapore Standard Industrial Classification ( SSIC) code refer to type of principal activities for the company . And you are required to key in upto 2 major SSIC code for your company . WHY SSIC CODE IS IMPORTANT ? As a reference key for all agent to run their role

What is par value of shares ?

WHAT IS PAR VALUE ? Par value also knows as Nominal Value APPLICABLE IN SINGAPORE ? NO, it been abolished since 2006 WHAT HAPPEN TO SINGAPORE REGISTERED COMPANY ? You are only required to declare 3 important figure as follow : Example : Number of issued share shown the ownership level in the Company Amount
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