Thanks to the country’s business-friendly economy, company incorporation is relatively inexpensive and uncomplicated. This article seeks to provide start-up business owners with an insight into ACRA’s compliance fees, including both pre- and post-incorporation costs. Company Incorporation Fees in Singapore The Accounting and Corporate Regulatory Authority (ACRA) charges a total [...]
Singapore’s surging economy makes it a top choice for foreigners who want to establish a company in the city-state. With its highly urbanised setting, strong industry, and vigorous investment condition, foreigners are convinced to invest in the country. In this article, we discuss some important details on how to [...]
Secretarial services play an important role in the corporate world. They are provided by experienced and adept individuals that act as the company’s supporting structure. Both small and large businesses seek their aid in performing duties that range from administrative to legal functions. A corporate secretarial service can help [...]
If you need a quick answer: Yes, you need to register your online business in Singapore. As indicated in Section 5 of Business Names Registration Act or BNRA, all types of businesses—with a few exceptions—must register with the Accounting and Corporate Regulatory Authority (ACRA). According to ACRA, if you [...]
In Singapore, registering a business is made easy through ACRA’s (Accounting and Corporate Regulatory Authority) online system. However, a local company has to meet numerous requirements to avoid incurring fines and penalties, as imposed by the law. And, to ensure that a company meets its compliance and reporting requirements, [...]
Years prior to the launch of BizFile, Singapore’s business registration process was a tedious work. Individuals who want to establish a company are required to go to the Registry of Companies and Businesses to fill out a form. To address this inconvenience, ACRA introduced BizFile in 2004. It is [...]
Singapore has a business-friendly environment, making it easy for individuals to register their company. The whole registration process can be completed in a day, given all the requirements are duly submitted. This article lists the important things you need to keep in mind that will help you start your [...]
According to the Companies Act of Singapore, all businesses must be registered with the Accounting and Corporate Regulatory Authority (ACRA). One of the types of businesses in the city-state is called a private limited company. It is a kind of incorporated company with a separate legal identity. Because of [...]
Of the four stakeholders in a company, the one with the least accountability is the corporate secretary. It is no wonder that startups, especially those operating with a limited budget, will question the need for one. In truth, a secretary is one of the important people within an organisation. [...]
For individuals who plan to set up a company in Singapore, they should prepare all the legal documents and requirements stipulated by ACRA. It is not an easy task to set up a business. Below are some steps that will guide interested individuals on how to set up a [...]
