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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 […]
During the first quarter of 2021, Singapore’s economy surprisingly increased at exponential rates compared to the perceived estimates by the government and financial experts. From the previous GDP estimate of 0.2% rise, Singapore has faced a 1.3% growth from January to March this year. Because of this positive change, economists expect a stronger performance for […]
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, […]
Every company should abide by a corporate governance framework that goes beyond the submission of annual reports and tax returns. A strong corporate governance framework will align the interests of the company and its community to maintain high levels of trust and satisfaction among customers and stakeholders. Corporate governance would also encourage the efficient use […]
With Singapore fighting against the coronavirus outbreak, companies are encouraged to devise and implement a business continuity plan to reduce business disruptions and make sure they remain viable during the pandemic. It may include separating employees into teams that can work at distinct times or locations. Staff may also be cross-trained and have shifting or […]
