Disqualified directors are persons who cannot hold the appointment of a director in a local or foreign company. Disqualification under Section 148 of
Frequently Asked Questions : Annual Compliance
A Director is an individual, who must be at least 18 years of age, who is elected by the shareholders to manage the affairs of the Company.
A Singapore citizen, Permanent Resident, Employment Pass (EP) holder, or Dependent Pass (DP) holder (with Letter of Consent) is considered a director
The following persons are prohibited or not allowed from acting as a director: a person who has been convicted for fraud or dishonesty punishable
Obtaining a Business License can vary from a few days to a few weeks. Some of the business licenses require approval from multiple authorities and
This depends on the licence/permit you require. For a full list of businesses that require business licenses or permits, please refer to this
Skills Development Levy (SDL) must be paid monthly, and within 14 days after the end of the month for which SDL contributions are due.
Skills Development Levy (SDL) is applicable to all employees, whether they are Singapore Citizen/Permanent Resident/Employment Pass/Work Pass holders.
Section 197 of the Singapore Companies Act (Cap. 50) states that the Annual Returns (AR) filing needs to be done within 1 month or 30 days from the
The Accounting and Corporate Regulatory Authority (ACRA) has to be notified every time there is a change in the company structure, such as:
A company if not exempted from audit requirements must appoint an auditor within 3 months from the date of incorporation as per Section 205 of the
The Singapore Companies Act (Cap. 50) exempt the following companies from audit: Must have less than 20 individual shareholders No Corporate