Category Archives: Singapore Corporates

Home »  Singapore Corporates

Revision to Tax Exemption Schemes for Singapore companies from YA2020

On August 17, 2018, Posted by , In Corporate Secretarial,Corporate Services,Singapore,Singapore Companies,Singapore Corporates,Singapore Law,Singapore Tax,startups, By ,,, , With Comments Off on Revision to Tax Exemption Schemes for Singapore companies from YA2020

Overall company tax rate is a flat 17%. Listed below are general tax exemptions/incentives currently available to Singapore resident companies. Once these tax exemptions are applied to the taxable income, the effective income tax rate for small-to-midsize Singapore companies is reduced significantly. The Tax Exemption Schemes have been in place…

Singapore Companies (Amendment) Act 2017 – AGM and Annual Returns

Singapore Companies (Amendment) Act 2017 – Annual General Meeting (AGM) and Annual Returns to be implemented in early 2018 The timelines for holding Annual General Meetings (AGMs) and the filing of annual returns will be aligned with the company’s FYE. This is to provide greater clarity and improve companies’ compliance…

Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore

Companies (Amendment) Act 2017 – Inward Re-Domiciliation Regime in Singapore within first half of 2017 The Companies (Amendment) Act 2017 has introduced an inward re-domiciliation regime to allow foreign corporate entities to transfer their registration to Singapore instead of setting up subsidiaries (e.g. foreign corporate entities that may want to…

Setting up and maintaining the Register of Registrable Controllers of Singapore Companies and LLPs

Setting up Newly-incorporated companies and newly registered LLPs are required to keep register of registrable controllers  within 30 days from date of incorporation.   Existing companies and LLPs are required to keep register of controllers within 60 days from date of commencement of the regime (31 Mar 2017).   Companies…

Singapore Companies (Amendment) Act 2017 – Company Seal and Register of Registrable Controllers

Singapore Companies (Amendment) Act 2017 and Limited Liability Partnerships (Amendment) Act 2017 Companies (Amendment) Bill 2017 and Limited Liability Partnerships (Amendment) Bill were passed in Parliament on 10 Mar 2017. Key legislative amendments to take effect from 31 Mar 2017 i) Company Seal With effect from 31 Mar 2017, companies…

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 Issued Consultation Paper on Proposed Guidelines for Regulatory Sandbox

On June 6, 2016, Posted by , In Compliance,Singapore,Singapore Companies,Singapore Corporates,startups,Tech, By ,,,,,,,, , With Comments Off on MAS Issued Consultation Paper on Proposed Guidelines for Regulatory Sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper on proposed guidelines for regulatory sandbox today. The regulatory sandbox will provide a safer environment for allow Fintech companies to test their new financial services in a more relaxed regulatory environment but within a well-defined space and duration. There may be…

SPRING Singapore launches S$2 billion loan programme

On June 1, 2016, Posted by , In Singapore,Singapore Companies,Singapore Corporates, By ,,,,,, , With Comments Off on SPRING Singapore launches S$2 billion loan programme

Here’s a piece of good news for the Singapore Small and Medium Enterprises(SMEs). From today, SMEs will be able to apply for unsecured working capital loans in the form of term loans of up to S$300,000 each with a repayment period of up to 5 years from the 12 participating…

A Reminder on Anti-Money Laundering and Countering of Financing Terrorism

The Monetary Authority of Singapore (MAS) announced on Tuesday, May 24 that it has ordered the closure of BSI Bank in Singapore over serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff. BSI Bank has also been fined…

Fintech set up in Singapore?

Fintech startups looking to establish a presence in Asia will be thrilled to know that Singapore intends to grow the Fintech space and promote Singapore as a Fintech Hub. What are the key developments that has taken place so far? The Monetary Authority of Singapore (MAS) has formed a FinTech…

Contact Us On WhatsApp