Take a look at the following compliance requirements that apply to the companies incorporated in Singapore. It will help you avoid legal, tax and other problems.
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Companies are closed for many reasons. It can be a voluntary or court ordered closure. Companies that become insolvent are unable to repay their debts and dues. Their creditors first try to recover the dues following the due legal process at their own level and then through a court order. If they fail to get
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Now that you have incorporated your business, you may want to start your business operations immediately. However, there are still some important things to do before you can start any business operation. Depending on the type and level of your business, you have to comply with various laws, rules and regulations. For example, if you
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The following guide gives an overview of the annual filing requirements that applies to the Singapore private limited companies. Both functioning and non-functioning companies have to comply with these requirements. PREPARING THE FINANCIAL STATEMENTS The annual financial statements must be prepared to meet the requirements of the Singapore Financial Reporting Standards. Prepare these statements for
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Thinking about how to distribute or pay out a profit to your shareholders after making a profit? The following is a quick guide on how dividends work in Singapore. MEANING OF A DIVIDEND When your company makes huge returns, you have to decide whether to invest back the money to facilitate its growth or divide
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Singapore is renowned for its enticing corporate taxes. We look at how its corporate tax works briefly. TAX RESIDENCY The tax system in Singapore benefits companies that are tax residents. This requires that the company’s control and management should be performed in Singapore such as making strategic decisions and conducting of the board of director’s
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You can incorporate your business in Singapore in a variety of ways. You should first determine your business needs, available investment options, future business plans, and the type of liabilities and risks you are ready to face. The type of business entity you decide to incorporate will affect how much taxes you will have to
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The World Bank repeatedly ranks Singapore as one of the easiest places to start a new business. The business environment is very conducive for both locals and foreigners when starting a new company, foreigners can hold 100% stake in a company in the country. The taxes are low and the city-state has a high quality
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WHAT SHOULD YOU KNOW BEFORE YOU REGISTER YOUR SINGAPORE COMPANY? There are various things that you ought to keep in mind before you register your company in Singapore. The following are some of the things you have to know: ARE YOU A NON-SINGAPORE RESIDENT WHO WOULD WANT TO INCORPORATE A SINGAPORE COMPANY? Guide For Non-Singapore
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