In the early stages, company founders typically look for various ways to curb spending on labor; equity compensation may be one way to reduce ongoing costs and provide compensation to …
Avoid this founder’s $10 billion mistake, incorporate in Singapore
After the death of Samsung Electronics chairman Lee Kun-hee, his family faced a giant tax bill on their inheritance. Mr. Lee’s family expects to pay more than USD$10.8 billion in …
Singapore implements a central register of company controllers
Several new compliance initiatives were announced by the Chartered Secretaries Institute of Singapore and the Accounting and Corporate Regulatory Authority (ACRA) at two joint sessions in February. These include implementing …
A step-by-step procedure for setting up a new Singapore company
This post is a further guide to our main article on setting up a Singapore company and provides a handy checklist of tasks and procedures for registering a Singapore company. Stage …
Singapore’s new “Fake News” law and its likely impact on your business
Since the 2016 US Election, “fake news” has dominated discussions in political, technology, and media circles across the globe. It is a contentious issue that requires a nuanced balance between …
How to safeguard the privacy of shareholders and officers of a Singapore company
Singapore’s Corporate Regulator (ACRA) maintains a public register of all companies incorporated in the country. From this register, the profile information for any company can be purchased by anyone for …
Director fined for non-compliance with Singapore Companies Act
On 21 February 2019, the Singapore state courts fined a company director a record amount of $113,400 for 54 charges. The director Tan Hang Song was previously found guilty on …
E-signatures becoming essential for Singapore’s corporate services firms
Singapore’s government strongly encourages the use of electronic signatures in legal documents. The corporate services industry – whose key workflows are centered around the creation, review and execution of legal …
5 things that can get your Singapore company in trouble with ACRA
The Accounting and Regulatory Authority of Singapore (ACRA) is the government agency that oversees the registration and regulations of all Singapore companies. While ACRA works hard to make it easy …