Have you updated the Electronic Register of Members (EROM) of your Singapore Company?
One of the recent legislative changes to the Singapore Companies Act is that ACRA will maintain the Registers of Members for private companies in electronic form (EROM) from 3 Jan 2016, and companies will need to update shareholder information that will be recorded in the EROM. In December 2015, ACRA…
MAS’s new Accredited Investor definition to impact FIs and FIs’ clients
Changes to the definitions of Accredited Investors (AIs) and Institutional Investors (IIs), part of the Monetary Authority of Singapore’s (MAS) proposed changes to its capital markets regulatory framework and followed a consultation paper issued on 21 July 21 2014, will impact Singapore-based financial institutions on their policy, documentation, systems, and procedures….
Singapore Employment Pass Information (as at July 2016)
General The Employment Pass (EP) is a work pass for foreign professionals working in managerial, executive or specialised jobs. Eligibility Foreigners who are interested to work, have acceptable qualifications, usually a good university degree, professional qualifications or specialist skills, and has a managerial, executive or specialised job offer in…
Updates to Hong Kong Companies Ordinance
General A private company (limited by shares) is the most common form of Hong Kong companies for trading and doing business. Companies incorporated and registered in Hong Kong are governed by the Companies Ordinance (amended in 2013) under Hong Kong law. Timeframe The incorporation of a Hong Kong private…