Update shareholder information with ACRA

Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017)

Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017) ACRA had previously informed the Companies that following legislative changes in the Companies (Amendment) Act 2014, private companies are required to update shareholder information to facilitate ACRA’s maintenance of electronic Registers of Members…

Setting Up an Offshore Company in Singapore

Setting Up an Offshore Company in Singapore

How To Set Up An Offshore Company in Singapore An offshore company refers to a business incorporated in a jurisdiction other than where its principal investors reside or where main operations occur, with Singapore representing one of the most tax-efficient and politically stable choices available. Setting up an offshore company in Singapore requires engaging a…

Filing Annual Returns with ACRA

Filing Annual Returns with ACRA

Filing Annual Returns with ACRA All Singapore company incorporated are required to hold their Annual General Meeting (AGM) and file Annual Returns under S175, S197 and S201 of the Companies Act. Directors shall present the true and fair view of the company’s account to their shareholders at the AGM. For the Annual General Meeting (AGM),…

Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme

Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme

Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme Assurance in old ages includes three key considerations that are healthcare, retirement and housing. The Central Provident Fund or also known as CPF, is the key pillar of the Singapore’s comprehensive social system that enables working Singapore Citizens and Permanent Residents to set aside funds…

E-Newsletter June 2015

E-Newsletter December 2016

Dear Reader, Welcome to our E-Newsletter December 2016 Merry Christmas and Happy Holiday! We are glad to present you our newsletter for December. What’s new and exciting this month? Ready to Support In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest…

What is Mosque Building and Mendaki Fund (MBMF)?

What is Mosque Building and Mendaki Fund (MBMF)?

How MBMF Helps The Muslim Community Grow in Singapore In the 1970s, Singapore’s rapid development led to Muslims being resettled in HDB flats. These new estates needed mosques, but traditional fundraising methods weren’t effective. A system was devised to efficiently raise money from Muslim workers through the Central Provident Fund Board’s collection system, also known…

New Requirement on Mandatory Retrenchment Notifications From 1 January 2017

Mandatory retrenchment notifications from 1 January 2017

New Requirement on Mandatory Retrenchment Notifications From 1 January 2017 A new requirement on mandatory retrenchment notifications will take effect from 1 January 2017. The tripartite partners have issued an advisory to guide employers on complying with this requirement. Under the Workforce Singapore Agency Act, employers will need to notify the Ministry of Manpower (MOM)…