Declaring Preference Share Dividends Singapore Declaring Dividends to Preference Shares Singapore | Bestar Declaring Dividends to Preference Shares Singapore Declaring dividends to preference shareholders in Singapore is a process governed primarily by the company’s Constitution and the Companies Act 1967. Because preference shares are highly customizable, there is no "one-size-fits-all" rule—you must look to the specific terms set out when the shares were issued. 1. Consul

Capital Call and Distribution Processing Private Equity Capital Calls & Distributions | Bestar Private Equity Capital Calls & Distributions In closed-end private equity, venture capital, and real estate funds, Capital Calls (drawdowns) and Distributions represent the primary financial mechanics between the General Partner (GP) and the Limited Partners (LPs). Because accuracy and timing dictate compliance and fund performance (IRR), processing requires tight adherence to the f

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BVI Offshore Company Services: Bestar BVI Offshore Company Formation & Transfer-In Services | Bestar Singapore BVI Offshore Company Formation & Transfer-In Services | Bestar Singapore In an interconnected global economy, structuring your business for optimal tax efficiency, robust asset protection, and operational flexibility is a strategic necessity. A British Virgin Islands (BVI) offshore company remains the gold standard for international corporate structures. As a leading

Fund Administration and Tax Reporting Services Elevating Your Fund’s Potential: Premier Fund Administration Services in Singapore | Bestar Elevating Your Fund’s Potential: Premier Fund Administration Services in Singapore The global regulatory landscape is shifting rapidly. For fund managers, balancing alpha generation with complex operational compliance isn't just a challenge—it’s a high-stakes bottleneck. Managing investor expectations while navigating strict cross-border t

Common Stamp Duty Remissions and Reliefs for Shares Reconstruction or Amalgamation of Companies Stamp Duty Relief for Company Restructuring | Bestar Stamp Duty Relief for Company Restructuring Section 15 of the Stamp Duties Act provides a statutory framework for stamp duty relief on the transfer of undertakings or shares during a reconstruction or amalgamation of companies. This relief is intended to prevent excessive tax burdens from hindering legitimate corporate restructur

Registering a Sole Proprietorship in Singapore | Bestar Registering a Sole Proprietorship in Singapore Setting up a sole proprietorship in Singapore is one of the fastest and most cost-effective ways to get a business off the ground. The entire process is fully digitalized through the Accounting and Corporate Regulatory Authority (ACRA) and can typically be completed in under an hour. Here is the essential checklist and the sequence of steps to formalize the registration. B

Unaudited Financial Statements | Bestar Unaudited Financial Statements Unaudited financial statements are year-end financial records prepared in compliance with Singapore Financial Reporting Standards (SFRS). Under ACRA regulations, companies that qualify as "Small Companies" or "Solvent Exempt Private Companies" are legally exempt from mandatory external audits and may prepare and file unaudited financial statements instead. Preparation Requirements Even without an external

Out-of-Scope Supply | Bestar Out-of-Scope Supply An out-of-scope supply refers to a transaction that falls entirely outside the jurisdiction’s Goods and Services Tax (GST) or Value-Added Tax (VAT) legislation. Because these sales do not occur within the local tax system, no tax is charged, and they generally do not need to be reported in your tax returns. Common Examples Third-Party/Overseas Sales: Sales where goods never enter the local territory (e.g., you are based in Sin

Section 15 (Reconstruction / Amalgamation) Stamp Duty Relief | Bestar Section 15 (Reconstruction / Amalgamation) Stamp Duty Relief Section 15 Stamp Duty Relief provides full relief from Buyer's Stamp Duty (BSD) and Seller's Stamp Duty (SSD) when companies transfer assets (shares or undertakings) under a genuine restructuring or corporate merger. This relief is heavily governed by strict prerequisites to ensure that the ultimate ownership of the assets remains substantially un

Singapore GST: Top FAQs Answered | Bestar Singapore GST: Top FAQs Answered Here is an optimized, highly readable article addressing the top, most-asked questions about Goods and Services Tax (GST) in Singapore. It addresses the perspectives of both everyday consumers and growing business owners. Everything You Need to Know About GST in Singapore: Top Frequently Asked Questions Goods and Services Tax (GST) is a fundamental pillar of Singapore's financial landscape. Whether you

Services Digital-first, App-led Corporate Services Overlook | Bestar Services Digital-first, App-led Corporate Services Overlook Digital-first, app-led corporate services excel at high-volume, standardized tasks. They make incorporation, routine corporate secretarial filings, and automated, software-driven bookkeeping incredibly seamless for early-stage startups and solo founders. However, because their business models rely heavily on standardization, automation, and ticket

Singapore Business Compliance Solutions Navigating Business Compliance: The Ultimate Guide to Singapore Company Setup, Secretarial Services, and Audits | Bestar Navigating Business Compliance: The Ultimate Guide to Singapore Company Setup, Secretarial Services, and Audits For businesses scaling or establishing a footprint in Singapore, staying compliant with the Accounting and Corporate Regulatory Authority (ACRA) is a top operational priority. Missing regulatory deadlines or

S'pore to cut time for wealthy folk to open private banking accounts Singapore Private Banking Onboarding Streamlined | Bestar Singapore Private Banking Onboarding Streamlined The Monetary Authority of Singapore (MAS) and the Private Banking Industry Group (PBIG) are aiming to cut the median onboarding time for private banking clients to under one month by the end of 2026. This is a noticeable drop from the previous median wait of six weeks or longer, which had become a maj

Bestar Singapore Reply to Inquiry about Setting Up a Representative Office (RO) in Singapore Bestar Singapore reply to inquiry about setting up a Representative Office (RO) in Singapore Inquiry: Setting up a Representative Office (RO) in Singapore – Bestar Corporate Services Dear Client, Thank you for reaching out to Bestar Singapore. We would be pleased to assist your organization in evaluating and establishing your business presence in Singapore. A Representative Office (RO

Singapore GST Return (F5) Filing Guide Completing GST Return - Singapore | Bestar Completing GST Return - Singapore Completing your GST Return (Form F5) in Singapore is a straightforward digital process through IRAS, but a few critical details can easily trip you up if your data isn't structured cleanly. The standard return is the GST F5, which most businesses file quarterly. 1. Deadlines & Penalties You must e-file your return and pay any tax due within one month after the

Singapore Business Guide The Ultimate Guide to Singapore Company Incorporation: Registration, Compliance, and Tax Secrets | Bestar The Ultimate Guide to Singapore Company Incorporation: Registration, Compliance, and Tax Secrets Setting up a business in Singapore is one of the most strategic moves an entrepreneur or expanding enterprise can make. Ranked consistently as one of the world's easiest places to do business, Singapore offers a pro-business environment, a robust legal

Registering a Sole Proprietorship in Singapore | Bestar Registering a Sole Proprietorship in Singapore Registering a sole proprietorship in Singapore is a quick and affordable process. You can complete it entirely online via the GoBusiness Dashboard or ACRA BizFile+ using your Singpass. The setup takes just a few minutes and costs approximately SGD 115. Checklist Before You Begin Business Name: Have 1-2 alternative names ready in case your first choice is taken or rejected. B

Charity Status Compliance for CLGs Guidelines on Governing Instruments for CLGs Guidelines on Governing Instruments for CLGs Here is a structured breakdown of the key requirements for a Company Limited by Guarantee (CLG) seeking or maintaining charity status: 1. Governance & Board Composition Minimum Board Members: There must be at least 3 governing board members (including Directors, Management Committee Members, or Trustees). Reporting Changes: Any changes to the Board of

Singapore GST Registration For Foreign Companies | Bestar Singapore GST Registration For Foreign Companies Foreign companies supplying goods or services to Singapore generally fall into one of two registration tracks under the Inland Revenue Authority of Singapore (IRAS): the Standard GST Regime or the Overseas Vendor Registration (OVR) Regime. Determining the correct path depends entirely on the company's business model, target audience, and turnover thresholds. 1. The Overs