Articles in Singapore

  • Foreign Company-Branch Office

    Branch Office A Foreign Company may set up its Branch and have its presence in Singapore. Any activity which is carried for profit making purpose needs to be registered with the Company Registry in Singapore and hence be of legal entity. The Branch will be more

  • Changes to Companies Act Cap 50

    Overhaul of the Companies Act, Cap 50  The Companies Act Cap 50 will be going through a major overhaul since the Ministry of Finance has accepted most of the recommendations put forward to it by the Steering Committee. The Ministry will however seek public feedback on more

  • Tranfer of Shares by cash or by gift

    Transfer of Shares by way of consideration paid The Companies Act, Cap 50 (the ‘Act’) defines a share as ‘a share in the share capital of a corporation and includes stock except where a distinction between stocks and shares is expressed or implied’. The interests more

  • Nominee Services - Role and Responsibilities

    Nominee Services In Singapore, a Company needs to have at least one local Director who is an ordinarily resident in Singapore. Further, there is no concept of Corporate Directors. Overseas entrepreneurs looking to set up companies in Singapore will be at a slight disadvantage on more

  • Transfer of Business as a Going Concern- GST Considerations

    This is the second part of the article Business Sale as a Going Concern. Certain supplies of assets pursuant to a transfer of business or part thereof as a going concern are treated as excluded transactions, i.e. they are treated as neither a supply of more

  • Business sale as a going concern

    Business Sale - Tax issues on transfer of assets Business Sale requires the passing of title to assets from the Singapore company to the purchaser. The Singapore company’s assets may include land and/or premises, plant and machinery, stocks, debtors, intellectual property rights, goodwill, leasing, hire more

  • Minority Shareholders Rights

    RIGHTS OF MINORITY SHAREHOLDERS RIGHT UNDER THE MEMORANDUM AND ARTICLES OF ASSOCIATION (‘M&A’) The M&A binds the shareholders to the Company as well as each shareholder amongst themselves. An affected shareholder may bring an action in court to prevent any proposed breach of the M&A. more

  • Duties of a Director

    Duties of a Director Under common law, directors are regarded as fiduciaries and therefore owe fiduciary duties of care to their companies of which they are directors. The Companies Act, Cap 50 also state certain duties of directors which mirror their general duties in common more

  • Company Formation

    You have started a business in your home country sometime ago. You have gained a foothold in your chosen field. From that foothold you have expanded your business but certainly not before facing trying times along the way. Now you are established in your chosen more

  • What is Tax Residence

    TAX RESIDENCE TEST For individuals, resident means “a person who, in the year preceding the year of assessment, resides in Singapore except for such temporary absences there from as may be reasonable and not inconsistent with a claim by such person to be resident in more

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