What you should know After Company Registration

January 4th, 2021

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 IMPORTANT :

This UEN number is like birth certificate number , it used to identify Each Company .

DATE OF INCORPORATION (DOI)

DOI is the only date you can decide.

You are NOT allow to backdate or future date of the DOI.

WHY IMPORTANT :

As a guideline to fixed the financial year end date and calculate the compliance deadline with authorities.

COMPANY CONSTITUTION

You are allowed to draft owned copy of Constitution or used ACRA copy of constitution.

WHY IMPORTANT

Company constitution is a set of regulation stated regulation needed to comply with while running the company.

Related Article : What is Company Constitution

FINANCIAL YEAR END

Financial year end date is refer to accounting closure date .

It will used as reference date to determine the company filing due date with ACRA ( example AGM must be conducting within 6 months from the financial year end date )

Related Article : How to fixed financial year end

WHY IMPORTANT :

If your company business dealing with Christmas season product is good that financial year ended fixed on January of next year .

PRINCIPAL ACTIVITIES (SSIC CODE )

Every Company is required to key in at least 1 major principal activity.

WHY IMPORTANT :

Because SSIC code may have impact on quota to employ foreign worker and requirement application of business license .

Copyright © 2011 BizTree Management Pte Ltd. All Rights Reserved.