Singapore company act requires a minimum of one director who must be a Singapore resident. A foreigner who wants to register a new company in
Frequently Asked Questions : Annual Compliance
Do I need a company secretary for my Singapore company?
Under Section 171 of the Singapore Companies Act (Cap. 50), every Singapore registered company shall have one or more company secretaries each of whom
Can Rikvin forward the mails Rikvin received on our behalf?
For any arrival of postal mails including courier items and small parcels, Rikvin can forward the mails based on your instructions. All forwarding
Can you provide me with a Registered Office address?
Yes, we are able to provide you with a registered office address for a small fee. This will be a prestigious location in the Central Business District
Do I need to seek any permission if I use my residential address?
For some residential addresses, you need to seek permission from the Housing and Development Board (HDB) or Urban Development Authority. If you are
Can I become a director of other companies while I am on Employment Pass (EP) for one company?
You will need to seek approval from the Ministry of Manpower and your company.
Do Singapore Employment Pass holders need to contribute to any social security or skill development fund etc?
Employment Pass holders do not have to make any social security contributions to the Central Provident Fund (commonly know as “CPF” which is only
Do I have to comply with the Inland Revenue Authority of Singapore (IRAS)?
Yes. All Singapore Private Limited Companies must be compliant with the Inland Revenue Authority of Singapore (IRAS). Filings are mandatory for both
Do I have to submit Estimated Chargeable Income (ECI) even if my company is dormant?
Even if the company estimates its chargeable income as zero, it still has to file a “Nil” Estimated Chargeable Income (ECI).
Can you assist me with business license application?
We have vast experience in assisting our clients with license applications with various government bodies. For a fee quote, please contact us.
Do I need a license to start a Singapore business?
With certain exceptions, most businesses are not required to have a license to operate in Singapore. The exceptions are: Compulsory Licences:
Are corporate directors allowed in Singapore?
No, corporate directors are not allowed in Singapore. Singapore companies are allowed to only have individuals as directors.
