by Willie Tan | Apr 11, 2024 | Glossary
Paid-up capital, also known as paid-in capital or contributed capital, refers to the portion of a company’s equity that has been paid for by investors in exchange for shares of stock. It represents the actual funds received by a company from its shareholders in...
by Willie Tan | Apr 11, 2024 | Glossary
An offshore company is a legal entity incorporated or registered in a jurisdiction outside of the company owners’ home country. These jurisdictions, commonly known as offshore financial centres, offer favourable regulatory and tax environments for businesses....
by Willie Tan | Apr 11, 2024 | Glossary
An offshore bank is a financial institution outside the depositor’s home country. These banks are typically located in jurisdictions that offer favourable regulatory and tax environments, often known as offshore financial centres. People may choose to open...
by Willie Tan | Apr 8, 2024 | Glossary
The Long-Term Visit Pass (LTVP) is an immigration pass issued by the Immigration and Checkpoints Authority (ICA) of Singapore. It allows certain foreign individuals to stay in Singapore for an extended period to visit family members, accompany a work pass holder, or...
by Willie Tan | Apr 8, 2024 | Glossary
Voluntary liquidation, also known as members’ voluntary liquidation (MVL) or creditors’ voluntary liquidation (CVL), is a process through which a company decides to wind up its affairs and cease operations voluntarily. Unlike compulsory liquidation,...
