STEP 1: Reserving a Company Name To register your company in Singapore, the proposed company name must be approved by Accounting and Corporate Regulatory Authority (ACRA). This process of finding out whether the proposed name is approved or rejected can be done within...
I. Background & BasicsAll companies that do business in Singapore are required to pay corporate taxes. A company, for income tax purposes, is defined by the IRAS as: • A business entity incorporated or registered under the Companies Act 1967 or any law in force in...
1. Understatement or omission of income due to incomplete recording of revenue • Failure to tally all invoices due to poor record keeping• When revenues are generated through alternative channels and not properly reported (e.g., a construction company failing to...
In Singapore, a company director holds a crucial role in the governance and decision-making processes of a business entity. Directors are appointed to guide and oversee the overall strategic direction of the company, ensuring that it operates within the legal and...
When choosing the type of entity that you will be conducting business with, it is important to take all factors into consideration. The following are the entity types available in Singapore: Sole Proprietorship Partnership Limited Partnership (LP) Limited Liability...
