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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, […]
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 […]
On March 10, 2017, the amendment to the Companies Act of Singapore (Chapter 50 of the 2006 Revised Edition) was passed. One of the key amendments introduced in the Companies Amendment Act of 2017 (CAA 2017) is the Inward Redomicilation regime. Redomiciliation enables foreign corporate entities (FCEs) to transfer registration from one jurisdiction (country) to […]
Corporate tax is a type of direct tax imposed on the income of corporate entities. For taxation purposes in Singapore, income pertains to any of the following: Profits or gains from business or trade; Passive income such as rentals, dividends and interests; Premiums, royalties and any other profits from property; and Any other gains which […]
