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 | 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...
