Dormant Company Limited by Guarantee in Singapore | Bestar Dormant Company Limited by Guarantee in Singapore A dormant company limited by guarantee (CLG) in Singapore is a non-profit or public-type entity with no share capital that has no accounting transactions or business income during a financial period. Key elements include simplified compliance rules and distinct regulatory definitions. ACRA vs. IRAS Definitions ACRA (Accounting and Corporate Regulatory Authority): A CLG

DP Holder as Singapore Director Singapore Director Eligibility for DP Holder | Bestar Singapore Director Eligibility for DP Holder In Singapore, whether a Dependant’s Pass (DP) holder can serve as a director depends on ACRA (Companies Act) requirements and Ministry of Manpower (MOM) work authorization rules. 1. Statutory Eligibility (ACRA & Companies Act) Under Section 145 of the Singapore Companies Act, any individual can be appointed as a director if they meet the basic s

SPV Fund Admin & Compliance SPV Fund Admin & Compliance Lifecycle | Bestar SPV Fund Admin & Compliance Lifecycle Here is a comprehensive breakdown of Special Purpose Vehicle (SPV) Fund Administration and Compliance across the full lifecycle. 1. Structure & Vehicle Setup Action Area Key Deliverables & Responsibilities Entity Formation Drafting constitutional documents (Articles of Association, LLC Operating Agreements, or Limited Partnership Agreements), registration with cor

Group Audit | Bestar Group Audit A group audit is an examination of consolidated financial statements for a parent company and its subsidiaries, evaluating them as a single economic entity. Key elements include coordination across multiple components, review of intercompany transactions, and application of standards like SSA 600. Key Steps in a Group Audit Planning & Scope: The group auditor sets the overall strategy, identifies components, and applies a risk-based approach.

Bonds | Bestar Bonds A bond is a loan you give to a company or government. They pay you regular interest, and give back your main money amount at the end. Key terms include face value, coupon rate, and maturity. How Bonds Work Lending money: You act as the bank when you buy a bond. Interest (Coupon): The borrower pays you extra cash at set times, like every six months. Getting paid back: When the bond hits its final end date (maturity), you get your original money back. Mai

Singapore Business Excellence: Strategies Bestar Singapore & Enterprise Excellence: Navigating in 2026 | Bestar Bestar Singapore & Enterprise Excellence: Navigating in 2026 Modern corporate decision-makers discover professional services—such as accounting, corporate secretarial, tax compliance, and business advisory—across multiple paradigms: Understanding how trusted professional entities like Bestar Singapore deliver business excellence requires analyzing how modern searc

Share Capital Adjustments and Allotments Share Capital Adjustments & Allotments: Procedures for issuing new shares, share transfers, and restructuring equity allocations | Bestar Share Capital Adjustments & Allotments: Procedures for issuing new shares, share transfers, and restructuring equity allocations Managing share capital adjustments, issuing new shares, and executing share transfers require strict compliance with both internal governance (company constitution, shareho

Corporate Tax Filing | Bestar Corporate Tax Filing Corporate tax filing in Singapore requires submitting both the Estimated Chargeable Income (ECI) and the annual Corporate Income Tax Return (Form C-S, Form C-S (Lite), or Form C) through the myTax Portal by November 30 each year. Key Deadlines & Filings Estimated Chargeable Income (ECI): Must be filed within 3 months of your company's financial year-end (unless exempt). Income Tax Return (Form C-S / C-S (Lite) / C): Due by No

Corporate Secretarial Services | Bestar Corporate Secretarial Services Corporate secretarial services manage legal and regulatory compliance, statutory filings, and record-keeping for businesses. In Singapore, every incorporated company must appoint a qualified, locally resident corporate secretary within six months of setup. Core Duties and Requirements Legal Mandate: Required under the Singapore Companies Act; sole directors cannot act as their own company secretary. Statut

Comparing a Pte. Ltd. versus a Sole Proprietorship or LLP | Bestar Comparing a Pte. Ltd. versus a Sole Proprietorship or LLP Choosing between a Private Limited Company (Pte. Ltd.), a Sole Proprietorship, and a Limited Liability Partnership (LLP) depends on your needs for liability protection, tax rates, and setup costs. A Pte. Ltd. offers a separate legal identity, limited liability, and a flat 17% corporate tax rate. A Sole Proprietorship is owned by one person with unlimite

MAS Grant Scheme: Auditing for Financial Sector Development Fund / FSDF, Financial Process Innovation, Artificial Intelligence and Data Analytics / AIDA, etc. MAS Grant Audit and Claim Process | Bestar MAS Grant Audit and Claim Process When seeking disbursement under schemes funded by the Financial Sector Development Fund (FSDF) — such as the Financial Sector Technology and Innovation (FSTI) tracks like Artificial Intelligence and Data Analytics (AIDA) or Productivity/Innovat

EOR Pass-Through Payroll Accounting Entries | Bestar EOR Pass-Through Payroll Accounting Entries As an EOR in Singapore, you must recognize pass-through payroll as a balance sheet transaction, not an expense. You invoice the client for the gross salary, CPF, and EOR margin. The net salary and statutory deductions are treated as payable liabilities. Recommended Accounting Entries 1. On invoicing the client: Debit: Accounts Receivable (Client) Credit: Deferred Revenue / Pass-Th

Disbursements do not attract GST and are considered Out-of-Scope GST on Disbursements vs. Reimbursements | Bestar GST on Disbursements vs. Reimbursements According to the Inland Revenue Authority of Singapore (IRAS) guidelines on the recovery of expenses: Disbursements represent payments made by your business acting strictly as an agent on behalf of another party. The third-party supplier issues the invoice directly to your principal (the actual recipient of the goods or s

Singapore Fund Administration Services Fund Administrator | Bestar Fund Administrator Singapore serves as a premier hub for global asset management, supported by a robust ecosystem of fund administrators. These service providers play a critical role in managing the operational lifecycle of funds, allowing managers to focus on investment performance and strategy. The Role of Fund Administrators in Singapore Fund administrators in Singapore typically provide a comprehensive s

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

Bestar EOR Service Inquiry Response Bestar Singapore Reply EOR Service Inquiry Bestar Singapore Reply EOR Service Inquiry Here is a professional, polished Bestar reply to the EOR (Employer of Record) inquiry. It highlights Bestar’s end-to-end capabilities, local compliance expertise, and clear next steps to move the prospect forward. Subject: Inquiry: Employer of Record (EOR) Services in Singapore – Bestar Dear Client, Thank you for reaching out to Bestar. We appreciate your

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