Starting a Company
Incorporating a Company with Multiple Founders: Shareholders’ Agreements and Founder Roles
Practical guide to incorporating a company with multiple founders in Singapore, covering shareholders’ agreements, founder roles, ACRA filings, CPF, IRAS and compliance.
Setting Up a Family Investment Company in Singapore: What You Should Consider
Considering a family investment company in Singapore? Learn ACRA, IRAS, tax, governance and compliance considerations for incorporation and ongoing management.
Incorporating a Holding Company in Singapore: Tax, Governance and Structuring Considerations
Learn how to incorporate a holding company in Singapore with tax, governance and structuring considerations under ACRA, IRAS and the Companies Act. Practical guide.
Setting Up a Subsidiary vs Branch vs Representative Office in Singapore: A Practical Comparison
Introduction Foreign companies looking to expand into the vibrant Singaporean market often face a critical first hurdle: choosing the right business structure. The decision between a Subsidiary, a Branch Office, or a Representative Office (RO) significantly impacts...
Registered Office Requirements in Singapore: Can You Use a Home Address?
Understand Singapore’s registered office requirements and whether you can use a home address. Learn ACRA rules, steps, common mistakes and how a corporate secretary helps.
Using a Nominee Director in Singapore: Legal Requirements, Risks and Best Practices
Learn the legal requirements, risks and best practices for using a nominee director in Singapore. Understand ACRA rules, Companies Act duties and compliance steps.
Common Mistakes When Incorporating a Singapore Company and How to Avoid Them
Avoid common mistakes when incorporating a Singapore company. Learn key ACRA, IRAS and employment compliance tips, step-by-step process and practical examples.
How Much Does It Really Cost to Incorporate and Maintain a Singapore Company Annually?
Estimate the true annual cost to incorporate and run a Singapore company: ACRA fees, corporate secretary, accounting, audit, GST, payroll and CPF considerations.
Incorporating a Singapore Company While on an Employment Pass: Key Rules and Traps
Learn the key rules and common traps when incorporating a Singapore company while on an Employment Pass, including ACRA, MOM, IRAS and Companies Act requirements.
Can You Incorporate a Singapore Company Without Relocating? Options for Foreigners Explained
Learn how foreigners can incorporate a Singapore company without relocating: nominee directors, local representatives, employment passes, compliance and filings with ACRA and IRAS.
Running a Company
Understanding the Ultimate Beneficial Owner (UBO) Rules for SMEs
To combat money laundering and ensure transparency, Singapore requires companies and limited liability partnerships (LLPs) to identify and maintain records of their ultimate beneficial owners. These individuals or entities, often called controllers, exercise...
A Beginner’s Guide to Registering Your Brand Name with IPOS
Protecting your brand is essential in today’s competitive market. Registering a trade mark with the Intellectual Property Office of Singapore (IPOS) gives you exclusive rights to use your brand name or logo, deters infringement and adds value to your business. This...
What you should know about VAPT
VAPT, or Vulnerability Assessment and Penetration Testing, is a crucial process for businesses of all sizes, especially those that handle sensitive customer data. In Singapore, many options are available for small to medium-sized business owners to ensure that their...
Singapore Business Compliance: Avoid These Common Mistakes in Accounting and Operations
Running a business in Singapore is rewarding, but many owners underestimate the complexity of compliance, accounting, and operational demands. While the city-state offers a business-friendly environment, the regulatory framework is detailed and strictly enforced....
A guide to Annual Return (AR) Filing with Bizfile+ (A guide by Raffles Corporate Services)
For every company registered in Singapore, the Annual Return (AR) filing with the Accounting and Corporate Regulatory Authority (ACRA) is a crucial compliance requirement. At Raffles Corporate Services Pte Ltd, we understand that navigating this process can sometimes...
Treasury Shares in Singapore: The Ultimate Guide
Thinking about a share buyback? Understanding treasury shares is crucial for any Singapore-based company. This guide breaks down everything you need to know, from the Companies Act to accounting rules and tax benefits, in simple, easy-to-understand terms. What...
Understanding Singapore’s Central Registers of Nominee Directors and Nominee Shareholders
For companies operating in Singapore, understanding and complying with the regulations surrounding the Central Registers of Nominee Directors and Nominee Shareholders is crucial. These registers, maintained by the Accounting and Corporate Regulatory Authority (ACRA),...
A Director’s Guide to Lending Money to Your Company in Singapore
In Singapore's dynamic business landscape, directors often provide personal loans to their companies, especially for startups and growing enterprises. This financial lifeline can be crucial for managing cash flow, seizing growth opportunities, or navigating challenges...
Navigating the New Era of Corporate Services: Understanding Singapore’s Corporate Service Providers Act 2024
Dear Valued Clients and Prospective Clients, At Raffles Corporate Services Pte Ltd, we are committed to providing you with efficient, reliable, and compliant corporate services in Singapore. As part of our ongoing commitment to transparency and keeping you informed,...
A Director’s Paycheck: A Clear Guide to Remuneration in Singapore
Business owners in Singapore must understand director's remuneration. This knowledge ensures good governance and legal compliance. How you pay a director carries significant legal and tax implications. This guide explains the different ways to pay your company...
Growing a Company
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Taxes and GST
What is a Tax Identification Number (TIN) in Singapore?
In Singapore, a Tax Identification Number (TIN) is a critical element for managing tax obligations and facilitating financial dealings, existing in various forms for individuals (either Tax Reference Number (TRN), National Registration Identity Card (NRIC) or Foreign...
Bookkeeping
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News
Singapore has enacted new legislation to implement additional corporate taxes
Singapore has introduced new legislation for a domestic top-up tax, aligning with global tax rule changes. The Multinational Enterprise (Minimum Tax) Bill, presented in Parliament on September 9, mandates a minimum effective tax rate of 15% for large multinational...
New Bill Introduces Amendments to AML/CFT Regime
On 2 July 2024, the Anti-Money Laundering and Other Matters Bill (“Bill”) was introduced for its first reading in Parliament. The Bill aims to: Enhance the ability of law enforcement agencies (LEAs) to pursue and prosecute money laundering (ML) offences. Clarify and...
Singapore Corporate Service Providers to Face Increased Scrutiny
Singapore is set to intensify oversight on nearly 3,000 corporate service providers to bolster anti-money laundering controls. A proposed draft law would impose fines of up to $100,000 per breach on firms and senior management that fail to meet anti-money laundering...
Corporate Service Provider Director Faces Consequences for Identity Misuse
In a recent case highlighting the importance of due diligence in corporate governance, Li Baozhu, the sole director of Corp Nergy Pte Ltd, has been fined $6,500 by the State Court for failing to exercise reasonable diligence in her duties under the Companies Act. This...