Several new compliance initiatives were announced by the Chartered Secretaries Institute of Singapore and the Accounting and Corporate Regulatory Authority (ACRA) at two joint sessions in February. These include implementing …
Importance of choosing the right company secretarial firm for your Singapore company
The recent news about a corporate service provider who cheated on KYC checks of banks by hiding the ultimate beneficial owners of companies highlights the severity of the risks in …
Recent regulatory changes affecting companies incorporated in Singapore
In the last few months, the Singapore government has implemented a series of legislative changes, signed new international agreements, deployed new online services, and introduced new incentives for entrepreneurs — …
A step-by-step procedure for setting up a new Singapore company
This post is a further guide to our main article on setting up a Singapore company and provides a handy checklist of tasks and procedures for registering a Singapore company. Stage …
Singapore’s new “Fake News” law and its likely impact on your business
Since the 2016 US Election, “fake news” has dominated discussions in political, technology, and media circles across the globe. It is a contentious issue that requires a nuanced balance between …
Singapore leads the OECD Push for a clean international financial sector
Every country has a duty to confront threats that can compromise the integrity of the international financial system. Singapore, as one of the most important financial hubs in the world, …
How to safeguard the privacy of shareholders and officers of a Singapore company
Singapore’s Corporate Regulator (ACRA) maintains a public register of all companies incorporated in the country. From this register, the profile information for any company can be purchased by anyone for …
“Business-friendly policies” tops the wish list of global entrepreneurs – 2019 survey
The top priority for entrepreneurs looking for the right location to launch their startup is a business-friendly environment and supportive government policies, according to a recent survey conducted by CorporateServices.com …
Director fined for non-compliance with Singapore Companies Act
On 21 February 2019, the Singapore state courts fined a company director a record amount of $113,400 for 54 charges. The director Tan Hang Song was previously found guilty on …
E-signatures becoming essential for Singapore’s corporate services firms
Singapore’s government strongly encourages the use of electronic signatures in legal documents. The corporate services industry – whose key workflows are centered around the creation, review and execution of legal …