Licensing Business in Singapore

Licensing 101: Your Guide to Business License Procurement in Singapore

A business licence pertains to a permit (metaphorically speaking, a “go signal”) issued by a government agency allowing a certain enterprise in Singapore to undertake the business operations for which it was established. Different Types of Licences Compulsory Licence This is the type of licence which must be procured even before a business can start […]

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, […]

Amended Statute

Companies Amendment Act of 2017: What are the New Provisions Included in the Amended Statute?

The latest amendment to the Singapore Companies Act, the Companies Amendment Act of 2017, was introduced on March 10, 2017 and became effective on March 31, 2017. The latest legislative amendment seeks to attain the following purposes: Improve ease of doing of business in Singapore Lessen regulatory burdens Enhance transparency of ownership and control over […]