Company Registration Guide Archives - Page 2 of 6

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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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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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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 ?

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How to decide number of company share

Posted on February 14, 2022
Posted in Company Registration Guide

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

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Who is Exempted From Register Business with ACRA ?

Posted on July 13, 2021
Posted in Company Registration Guide

If you intend to register Company with your owned name as your NRIC , then you are EXEMPTED from register with ACRA Scenario will be different if you include wording as follow : ” Love from Tan Ah Moi “ OR ” handmade from Tan Ah Moi” All the above is required company registration with

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What is Important Clause inside Company Constitution

Posted on May 10, 2021
Posted in Company Registration Guide

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

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What is SSIC code

Posted on March 11, 2021
Posted in Company Registration Guide

All Singapore registered company is required to stated at least 1 major principal activities with ACRA. Which means this will be key how Company generate their income . What is SSIC code ? Singapore Standard Industrial Classification ( SSIC) code refer to type of principal activities for the company . And you are required to

By -admin

What is par value of shares ?

Posted on January 25, 2021
Posted in Company Registration Guide

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