Number of Directors The minimum number of directors required to incorporate a company in Singapore is one. Maximum number of directors is normally
Frequently Asked Questions : Annual Compliance
What happens if after incorporation I fail to maintain a registered office in accordance with the requirements of Companies Act?
If you fail to comply or maintain a registered office after incorporation, then the company and every officer of the company who is in default shall
What is a registered office?
Under the Companies Act, a registered office is an address in Singapore to which all communications and notices to the company can be sent. Also, the
What are the inputs required in the Estimated Chargeable Income (ECI)?
You will need to declare the company's estimated turnover and this excludes items like capital gains on disposal of fixed assets, in your company's
What are the advantages of setting a financial year end within 12 months of incorporation?
If you were to close your Financial period within 12 months, you will enjoy the full S$100,000 tax exemption for exempt companies.
What are the company directors’ responsibilities?
The directors' duties, responsibilities, and liabilities specified in the Act as well as under the common law where applicable include the following
What are the fiduciary duties of a company director?
Directors have a fiduciary duty to their company whereby they must be loyal to the company and must act honestly and in good faith when exercising
What are other reasons for disqualification of a Director?
A director who is subject to an automatic disqualification or a disqualification order under sections 34, 35, or 36 of the Limited Liability
What are the obligations of a company director?
Any person(s) who are willing to act as a director and provide advice on behalf of a company in Singapore, are obliged to abide by Singapore's
What are the minimum requirements to be a director in Singapore?
Section 145 (2) of the Singapore Company's Act (Cap. 50) states that any person above the age of 18 years may be appointed as a director. However,
What are the businesses that need licenses?
We have provided an indicative list below. For further details, please feel free to contact us. For running an establishment like a club or
What are the licenses required for a Singapore company?
There are 3 main types of licenses that are applicable for a Singapore company: Compulsory Licences Certain businesses require licenses