by Daryl Lum | Apr 2, 2024 | Glossary
A beneficial owner refers to an individual or a collective group that reaps the advantages of property ownership, despite the legal title being registered under a different name. This term further encompasses those who possess either direct or indirect control over...
by Daryl Lum | Mar 19, 2024 | Starting a Company
The official term for this would be a Private Company Limited by Shares. The common layperson term would be “private limited”. This is a business structure that is limited in terms of shareholder and director liability. This is the most ideal for business...
by Daryl Lum | Mar 12, 2024 | Starting a Company
There are things which the company must work on post-incorporation. These are the items that a typical company needs to take note of: Opening of a corporate bank account Depositing the paid-up capital into the corporate bank account Application of licences Setting up...
by Daryl Lum | Mar 6, 2024 | Starting a Company
The simple answer as to whether foreigners can open a Singapore bank account is yes. However, the foreigner will need to be eligible to open a Singapore bank account. If these eligibility criteria are met, then there is no reason why the foreigner will not be allowed...
