Frequently Asked Questions : Annual Compliance

Do directors need to maintain proper accounting records?

The directors and managers of every company are required to keep proper accounting records to sufficiently explain the transactions and financial

The directors are required to file the company's annual tax filing, Goods & Services Tax (GST) filing (if necessary) on a timely basis.

Though all the directors in the Foreign Branch may be foreigners, all Foreign Branches in Singapore require the appointment of 1 local agent.

All Employment Pass applications can only be submitted once the Singapore company has been incorporated. In order to incorporate a Singapore company,

The subsidiary company, which will be a Singapore Private Limited Company, must have at least one director who must be a resident in Singapore, i.e.

No, if you are already holding an Employment Pass of a company, you cannot serve as a director of another company in Singapore.

No, corporate directors are not allowed in Singapore. Singapore companies are allowed to only have individuals as directors.

Yes, the directors are held responsible for the company's CPF contribution.

All Singapore incorporated companies are required to hold an Annual General Meeting, or (“AGM”) of shareholders at which decisions are taken on the