by Daryl Lum | May 9, 2024 | Glossary
PayNow is an advanced real-time payment platform engineered by the Association of Banks in Singapore. This system enables immediate inter-bank transactions between individuals and merchants. Supported by all major banks in Singapore, PayNow operates under the...
by Daryl Lum | Apr 18, 2024 | Starting a Company
If you intend to start a business in Singapore, this comprehensive guide from Raffles Corporate Services will be useful to you. Benefits of setting up a business in Singapore Singapore has very low tax rates when compared to other major economies around the world. It...
by Daryl Lum | Apr 18, 2024 | Starting a Company
According to Section 145(1) of the Companies Act, there needs to be at least one resident director in a company. Section 145(1) of the Companies Act: Every company must have at least one director who is ordinarily resident in Singapore and, where the company only has...
by Daryl Lum | Apr 18, 2024 | Starting a Company
A Singapore company secretary is essential in ensuring that the company complies with all regulatory compliance. The company secretary is responsible for duties like maintaining records and statutory registers and administering board meetings and shareholder meetings....
by Daryl Lum | Apr 12, 2024 | Glossary
The principle of consideration is a fundamental concept in contract law that requires each party to an agreement to offer something of value in exchange for receiving a benefit. This principle supports the idea that a contract must involve an exchange that is both...
