by Daryl Lum | Apr 18, 2024 | Starting a Company
A Comprehensive Guide to Starting a Business in Singapore 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...
by Daryl Lum | Apr 18, 2024 | Starting a Company
What is a Nominee Director and how to appoint one for your Singapore 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...
by Daryl Lum | Apr 18, 2024 | Starting a Company
What does a Singapore Company Secretary do? 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...
by Willie Tan | Apr 17, 2024 | Glossary
Force majeure is a legal term that refers to unforeseeable circumstances or events beyond the control of the parties involved in a contract, and which make it impossible or extremely difficult for one or both parties to fulfil their obligations under the contract....
by Willie Tan | Apr 17, 2024 | Glossary
A consortium is a group or association of individuals, companies, organisations, or governments that come together to achieve a common goal or objective. Typically, members of a consortium pool their resources, expertise, and capabilities to pursue projects or...
by Willie Tan | Apr 17, 2024 | Glossary
A deed of guarantee is a legal document in which one party, known as the guarantor, agrees to take on the responsibility of fulfilling the obligations of another party, known as the principal debtor if the principal debtor fails to do so. The deed of guarantee...
by Willie Tan | Apr 17, 2024 | Glossary
A banker’s guarantee, also known as a bank guarantee or a standby letter of credit, is a type of financial instrument issued by a bank on behalf of a customer. It serves as a promise by the bank to pay a specified amount of money to a beneficiary if the customer...
by Willie Tan | Apr 17, 2024 | Glossary
The Building and Construction Authority (BCA) of Singapore is a statutory board under the Ministry of National Development. It plays a key role in regulating and promoting the building and construction industry in Singapore. The BCA is responsible for several aspects...
by Willie Tan | Apr 16, 2024 | Glossary
In the context of business and accounting, “Goodwill” in Singapore refers to the intangible asset that represents the excess of the purchase price of a company over the fair value of its identifiable tangible and intangible assets acquired in a business...
by Willie Tan | Apr 16, 2024 | Glossary
PMETs stands for “Professionals, Managers, Executives, and Technicians.” It’s a term commonly used in various countries, including Singapore, to refer to a specific segment of the workforce. PMETs typically include individuals who hold professional,...
