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 …
Singapore announces changes to Employment Pass visa scheme
As part of Singapore’s review of the foreign workforce in the country and measures for the protection of local workers, the Ministry of Manpower has launched a number of changes …
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 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, …
“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 …
5 things that can get your Singapore company in trouble with ACRA
The Accounting and Regulatory Authority of Singapore (ACRA) is the government agency that oversees the registration and regulations of all Singapore companies. While ACRA works hard to make it easy …
A Quick Guide to Singapore Company Registrar – ACRA
This guide provides quick answers to the most frequently asked questions about the Accounting and Corporate Authority of Singapore, also known as ACRA. What is ACRA? ACRA is the national …