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All incorporated companies in Singapore, including local companies, foreign companies, variable capital companies, and limited liability partnerships, are obligated to file annual lodgment following their financial year-end. Timely filing of the annual lodgment is a vital statutory requirement since it guarantees timely public disclosure of key details, including the entity’s status and health. Companies, VCCs […]
Singapore companies are required to appoint a company secretary within six months of establishment. The Singapore Companies Act specified that all Singapore companies must have at least one corporate secretary. The secretary position must not be vacant for more than six months. The company may choose to appoint an in-house corporate secretary or hire a […]
In 2020, the Singapore government committed nearly SGD 100 billion and various support schemes to help businesses and citizens overcome the economic turmoil due to the COVID-19 pandemic. Singapore Budget 2021 provides continued support to businesses with new measures and extends existing programmes. This article discusses how Budget 2021 helps businesses in Singapore to grow, […]
As a major financial and trading centre, Singapore has the expertise and infrastructure corporations need to efficiently access ASEAN markets. The nation’s stable tax and regulatory systems and business-friendly setting make it easier for foreign entrepreneurs to do business in the country. Moreover, Singapore offers topnotch services and workforce, making it an excellent base to […]
A statutory committee under the Ministry of Law called the IPOS, or Intellectual Property Office of Singapore, manages the trademark registration in Singapore. While a business is not mandated to register a trademark to utilise it under Singapore’s regulation, trademark registration offers great value. Trademark owners who undergo trademark registration receive the right to ownership […]
In today’s unpredictable economic climate, it is important that business owners remain alert to early warning signs of potential insolvency in order to act to mitigate risks early. Not recognising or ignoring these early warning signs may lead to worst case scenarios. By then, any corrective efforts would be late. Why is it Important to […]
