How To Incorporate A Social Enterprise
What is a Social Enterprise? A social enterprise is just a business that has specific social objectives. A social enterprise’s aim is still profit-driven while giving back to society and the environment at large. The profits of social enterprises can primarily fund social…
How Do You Convene An Extraordinary General Meeting (EGM) For Your Company
What is an Extraordinary General Meeting (EGM)? If you have incorporated a company in Singapore or planning to do so, chances are you have done or heard of Annual General Meetings (AGMs). As an exempt private company limited by shares, it is mandatory for you to convene an AGM…
How To Issue Shares In A Singapore Private Company
The issuing of new shares is one way to secure capital for your business in a Singapore incorporated private company. Things to consider before issuing shares Types of shares There are ordinary shares, preference shares, shares with special voting rights, management shares, or…
Holding Annual General Meetings (AGMs) For Your Company
What is an Annual General Meeting (AGM)? Annual General Meetings (AGMs) are compulsory annual meetings that all Singapore companies need to hold. The primary purpose is to update the shareholders of the company on the business or financial health. Financial statements are…
How To Set Up A Register of Controllers
In our previous article, we have introduced the registers of registrable controllers with ACRA and its requirements. How do you set up this register of controllers properly? We summarise for you in this article: Identification First, you have to reasonably identify and obtain…
How To Choose A Suitable Corporate Secretary For You
Roles of a Corporate Secretary in Singapore All companies incorporated in Singapore are mandated by law, to have a named individual sit on board as a company secretary. The roles of a company secretary are mainly to ensure that the company meets with all regulations and…
How To Start A Food Business (Restaurant) In Singapore
Starting a successful restaurant or food business is many people's dream, especially in a food haven in Singapore. There are many foreigners who love to bring their speciality cuisines into Singapore. The process in Singapore is not complicated but controls are in place such as…
Disposing personal data: what you do not know
In Singapore, the Personal Data Protection Act (PDPA) comes into full effect on 2nd July 2014 with new amendments as recent as November 2020. This act governs the collection, use and disclosure of personal data by all private organisations. Most are aware of the collection and…
How To Reduce Corporate Tax Bills With These Tax Reliefs
The corporate tax filing deadline is around the corner. The deadline for filing your corporate tax is by 15th December 2020. Do you know that there are some tax reliefs that you can make use of to reduce the tax payable? Here are some of them. Tax Exemption Scheme For New…
What is a Trust in Singapore?
What is a Trust? In Singapore, you are able to set up a legal arrangement called a trust. A trustor or settlor initiates this arrangement, by entrusting a trustee to look after his or her properties, assets or any other possessions. The trustee is the person or entity that the…