LLC and PLC

A Comprehensive Guide to Singapore Limited Liability Company and Private Limited Company (PLC)

A Limited Liability Company (LLC), as its name suggests, pertains to a type of business structure where the liability of shareholders is only to the extent of the amount of their capital contributions. The concept of limited liability makes the personal assets of owners safe and immune from satisfaction of corporate debts since liability attaches […]

LLP

Understanding the Features of Singapore’s Limited Liability Partnership (LLP)

A Limited Liability Partnership (LLP) in Singapore pertains to a business entity which fuses the most desirable characteristics of a Company and a Partnership, that is, it has the ease of set up and flexibility of an ordinary partnership and the separate juridical personality and limited liability attribute of a company. Because of these features, […]

Company Director

A Comprehensive Guide to the Qualifications and Duties of a Company Director

One of the requirements for Singapore company registration is the appointment of a resident director. Being a resident director means that a director must be an “ordinarily resident” in Singapore, one whose usual place of residence is Singapore. Singaporean Citizens, Permanent residents, or holders of EntrePass or Employment Pass with a local residential address may […]

Heng Swee Keat

Singapore’s National Budget of 2018: The Projected Impact on Companies and Enterprises in Singapore

Singapore’s GDP (Gross Domestic Product) rose to 3.6% in 2017, up from 2.4 % in 2016. Because of the encouraging economic outlook for the past financial years, the Singapore government is eager to capitalize on the momentum and continue with its forecasted economic progress. This notwithstanding, the Finance Ministry, remains ever cautious in devising its […]