The Private Limited Company
THE PRIVATE LIMITED COMPANY – PART II: INTRODUCTION TO COMPANY ANNUAL COMPLIANCE, TAX BENEFITS AND GENERAL REGULATORY RULINGS In this section, you will learn about what are the key components and people of a Private Limited Company. You will appreciate and understand: The Annual Obligations for a Private Limited Company Tax Benefits applicable to Private […]
Small Company Am I Exempt From Audit
How Do I Know If My Company is Exempt From Audit With the new amendments to the Companies Act effective 1 July 2015, the rules on how to assess if a company is exempt from audit has changed significantly. Previously, a company is exempt from audit if the company has less than 20 shareholders, does […]
Business Entities in Singapore
DECIDING ON THE IDEAL BUSINESS VEHICLE One of the key decisions you need to make when starting up a business is to consider the type of business vehicle to conduct your new business. Your decision will influence the ease of business formation and exit, business ownership transfer, how much taxes you need to pay, the […]
How to Register a Private Limited Company in Singapore
STEP BY STEP GUIDE TO REGISTERING A PRIVATE LIMITED COMPANY In this page, you will learn in detail the process for Singapore Company Registration. In this section, we have divided the process into 3 main phases, the Pre-Registration Phase, Registration Phase and Post-Registration Phase. PHASE I – PRE-REGISTRATION Ensure minimum requirements are satisfied Please take […]
The Private Limited Company
THE PRIVATE LIMITED COMPANY – PART I: AN INTRODUCTION TO THE COMPONENTS AND PEOPLE OF THE COMPANY In this section, you will learn about what are the key components and people of a Private Limited Company. You will appreciate and understand: The concept of a Private Limited Company The basic requirements of forming a Private […]
Comparison of Business Entities in Singapore
One of the key decisions you need to make when starting up a business is to consider the type of business vehicle to conduct your new business. Your decision will influence the ease of business formation and exit, business ownership transfer, how much taxes you need to pay, the extent of personal liability you are […]
CPF and Employee Matters
CENTRAL PROVIDENT FUNDS CPF contributions are payable when there is an employer–employee relationship, that is, there is a contract of service in place between the Company and the individual. WHO DO YOU NEED TO PAY CPF CONTRIBUTIONS FOR? Company directors if they are engaged under a contract of service and paid a salary on top […]
Goods and Services Tax – Should I Register?
Before we start… For the purpose of the discussion in this article, it is important to note some of the terminologies used for GST matter: “Taxable supplies” refer to local sales of goods and services, export sales and provision of international services. However, the following are specifically excluded: Sales and leases of residential property (exempt […]
Going Solo or Working Together for a Business Venture?
A difficult decision for many, should I make this business my own baby or do I want to be part of a group to achieve the same aim? SAILING SOLO What are the benefits? You and you alone call the shots. You can move and shake the business whenever you think you should do it. You […]
