Chart of Accounts The chart of accounts is a list of all accounts you can use to record your transactions in an accounting system. It...

As a premier listing venue, SGX provides a trusted platform to gain access to an international investor base that can help drive business...

Setting up Subsidiary in Singapore A business entity can choose to incorporate a Singapore company as a subsidiary. The business entity...

Foreign Corporate Entities Application for Transfer of Registration to Singapore as a VCC Foreign corporate entities may apply to...

Opening a Corporate Bank Account for a Private Limited Company A corporate bank account allows you to keep your business expenses...

When setting up a company, you must appoint directors, company secretary and other key personnel in your company. All companies must...

Dealer in Precious Stones, Precious Metals and/or Precious Products A dealer in precious stones, precious metals and/or precious products...

A food shop refers to a shop operating in an independent unit such as a takeaway kiosk, snack counter, restaurant, etc. Stalls within a...

Overview of Withholding Tax (WHT) Who must withhold and pay WHT A person (known as the payer) who makes certain types of payments (e.g....

The Maritime Sector Incentive (MSI) helps shipping enterprises to grow their businesses in Singapore. The MSI-AIS award seeks to...

What is a SPAC SPAC is a "blank cheque" company established to acquire companies. They are made up of individuals with experience and...

What is the Role of a Nominee Director A person appointed as a director of a company for the purpose of compliance with the requirement...

Capital Markets Services (CMS) Licence A company must hold a capital markets services (CMS) licence to conduct activities regulated under...

Registering a Subsidiary Company or Branch Foreign companies can set up operations in Singapore in two different ways: Incorporating a Subsidiary Company Registering a branch of a Foreign Company Incorporating a Subsidiary Company A foreign company can choose to be incorporated as a subsidiary (i.e., local company). The shares of the subsidiary can be held by the foreign company as the sole shareholder. As a local company, the subsidiary will have to comply with the statutor

SAFE Agreements for Singapore Startups Simple Agreement for Future Equity (SAFE) A Simple Agreement for Future Equity (SAFE) is a popular...

Scope of Registration There are seven major registration categories, namely Construction Workhead (CW), Construction-Related Workhead...

Public Company Limited by Guarantee What is Public Company Limited by Guarantee (CLG) ? CLG is an entity without share capital or shareholders. Instead, the members act as guarantors and agree to pay a fixed amount if the company fails. Unlike companies that distribute profits to shareholders, CLG cannot distribute profits to its members in the form of dividends, bonuses, or otherwise. Instead, they keep the profits in the company and reinvest them. CLG is registered with the

What is an Employee Share Option (ESOP) ESOP plans give the employee the rights to purchase shares in the company at a specific...

Applying for a Massage Establishment / Spa & Wellness Licence Massage Establishment Massage establishments are premises used for massage...

Singapore tax exposure of funds managed by Singapore fund managers Funds managed by a Singapore fund manager may be taxed in Singapore...