Singapore has revised its Company Act to simplify the administrative workload of a company due to the compliance of company registration in HK. Currently, the timeline for holding the annual general meeting (“AGM”) and filing Annual return (“AR”) is inline with the da...
The Unaudited Financial Statements (UFS) tabled at the AGM should not be more than 6 months old. If the company requires more time to lodge its annual accounts it may seek an extension from ACRA by filing an application. Late lodgement of Annual Return for local company will have to pay ...
(b) the evidential documents (scanned or hard copy) that support the existence, valuation, occurrence and completeness of the company’s business transactions for the relevant year of assessment. How do we prepare company tax computation? For clients using our annual bookkeeping services, our team...
(ACRA) requires Company Directors, Partners, and Business Owners to take their role and duties seriously, including annual return filing and lodging with ACRA any Board or Member-approved organizational changes or major decisions (i.e. changes to: Company officers or shareholders, capital structure ...
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How long does it take to incorporate a company? Can Work Permit / S-Pass holders be a Director or Shareholder? What is a Company Constitution? What is an Annual General Meeting (AGM) and how is it linked to my Annual Return Filing (AR)? Do I need a company secretary?Singapore...
ACRA can penalise a company for non-compliance for any of the following reasons: If the company does not hold its AGM on time If the company does not submit the Annual Return and financial statements If the financial statements presented at the AGM are inaccurate ...
SINGAPORE — Singapore’s state investment company Temasek recorded in 2023 its worst returns in seven years, weighed by a challenging macroeconomic and geopolitical environment. Temasek posted a 5.07% decline in its one-year total shareholder return in Singapore dollars in the financial year that end...
A leading provider of company registration services, Acrafile helps businesses with company incorporation and formation needs in Singapore. Contact us for more.
Spend at least 183 days in Singapore during a calendar year, whether you're an individual or a company. Establish a "permanent home" here, signifying your intention to return after any absence. Concentrate your key economic, social, and family ties in Singapore, establishing it as ...