Company Incorporation Compliance Requirements

12 Compliance Requirements and Processes for Companies in Singapore

Incorporating a company doesn’t end with deciding on a company name and paying a registration fee. In fact, there’s plenty of paperwork and checks involved, even for a country as business-friendly as Singapore. Upon incorporation, you must comply with the Companies Act and other statutory requirements to avoid hefty penalties or legal repercussions. This also […]

Singapore accounting standards

What Accounting Standards Should I Comply With In Singapore?

Find out what is the SFRS and its simplified version for small entities, and which you have to comply with in Singapore. Why Do We Need Accounting Standards? Financial reporting has to be standardised to ensure international compatibility. A set of principles and conventions known as international accounting standards are developed by the International Accounting […]

Bookkeeping Tips

10 Bookkeeping Tips for Every Small Business in Singapore

Bookkeeping is more than keeping records and receipts in an orderly manner – it also involves managing and reconciling these records the right way. To avoid financial complications in the future, you are encouraged to get your bookkeeping processes right from the start. While bookkeeping can be tedious, start on the right foot with these […]

nominee director

The Roles and Responsibilities of the Nominee Director

The Singapore Companies Act defines a nominee director as a director ‘whose instructions or obligations are a representation of the formal or informal act of the individual and/or entity within a corporation’. A nominee director in Singapore acts on behalf and in accordance to the intentions and directions of an individual and/or entity which make […]