A Shareholders’ Agreement is a formal agreement between the shareholders of a private limited company. Its purpose is to govern the relationship between shareholders and determine the rights and obligations of the shareholders. A shareholders’ agreement can minimize both the time frame and the costs involved in a potential dispute…Read More
Annual Compliance FAQs
Yes, you can register a business at your home address, subject to certain conditions and considerations: Loss of privacy – your home address will be publicly available information Minimum opening hours – a registered office needs to be open for at least five hours every business day Restrictions on the…Read More
To become the director of a company, you will have to be elected by the company shareholders. In addition, to qualify as a Director in a company in Singapore, you have to be: a natural person (i.e. a company or business entity cannot be a director) ordinarily resident in Singapore—…Read More
A qualified audit opinion is a statement issued by an auditor after an audit has been done, and where there might be: Limitation of scope in the auditors’ work; Disagreement with management regarding the application or adequacy of accounting policies; or The auditor has identified an issue that is material…Read More
To apply online through Biz-file, the following information is required: Type of company Proposed company name Principal activities Particulars of directors Particulars of subscribers Share capital Registered address
Directors of the company are legally responsible and accountable for complying with the requirements of the Singapore Companies Act. Failure to comply with the statutory compliance requirements is an offence and may result in fines or prosecution.