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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ACRA court order

All Singapore registered company is required to comply with list of statutory filing requirement .Other than composition fine , ACRA will issue court order . WHO WILL RECEIVE Company and Company Appointed Director WHY ISSUE COURT ORDER Because Company fail to comply Statutory Filing requirement AFTER numerous reminder and composition fine is offered WHERE COURT
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CHANGE IN EMPLOYMENT PASS SALARY

Singapore workplace is consist of worldwide foreign talent . With effect from 1 September 2020 , the minimum wages for eligible EP was raise to S$4500 per month. SALARY CHANGES REQUIREMENT IN EMPLOYMENT PASS WHY HIGHER SALARIES REQUIREMENT IN FINANCIAL SERVICES SECTOR This is the 1st time authority target increase requirement in specific sector .
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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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GST rules apply for Online services product

WHAT IS THE CHANGES ? GST will apply once you purchase ONLINE SERVICE FROM FOREIGN COMPANY WITH EFFECT FROM ? 01.01.2020 WHAT IS THE GST RATE ? 7% TYPE OF ONLINE SERVICE Word/ Excel Anti Virus software Accounting software Online game Cloud Services Online conference software KEY CRITERIA OF ONLINE FOREIGN COMPANY is a foreign
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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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All Question About Paid Up Answered Here

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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