What is SSIC code

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
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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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What you should know after company registration

After company registration, you should have the following information about the Company, especially if you are appointed company director . UNIQUE ENTITY NUMBER (UEN) Each Company will be issued with UEN upon successfully incorporation. Public is allowed to choose their own UEN with certain amount of fees . Related Article : What is UEN WHY
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What is the Effect of Company Incorporation

After successfully incorporation with ACRA , Company become legal business vehicle to join business landscape. What is the effect for being Company? SEPARATE LEGAL ENTITY CONCEPT Company carry concept of SEPARATE LEGAL ENTITY between company and its shareholder . Which means that Company is able to stand alone in the eyes of law . ABILITY
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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
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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
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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
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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
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