What Are the Penalties for Late Filing of Documents?
You will usually need to file your documents by a fixed time however, business owners are often so busy with business engagement that they forget about the deadlines.
What Is a Register of Controllers and Why Singapore Companies Now Have To Submit This Document
In April 2020, Singapore businesses will have to submit the Register for Registrable Controllers to ACRA. Before, your company was only obliged to maintain it internally. Now you will have to file the Register with ACRA electronically and maintain it updated at all times.
What To Do If I Want To Change My Company Name And Information?
If you want to change your company name, it’s relatively easy to do so in Hong Kong. And if there are other changes happening in your company - such as change in registered office address, new company director or secretary - you have 15 days to report these changes to the Companies Registry.
How To Hold Annual General Meeting
The phrase “annual general meeting” (AGM) may conjure in your head an image of a hall filled with agitated shareholders grilling a row of executives seated on stage with difficult questions about the business, thanks to media coverage of AGMs in listed companies.
How To Change My Singapore Company’s Name?
There might come a point when the name you chose for your company during incorporation no longer fits where you want it to go. Often an application to ACRA to change your company name might be more efficient and cheaper, too.
Deadlines To Keep In Mind To Stay a Compliant Company in Hong Kong
Tax and filing deadlines are the bane for many company directors, but we can be fairly certain they’re here to stay. Whether you’re a Type A (“Deadlines are easy!”) or Type B (“When is my next deadline?!”) entrepreneur, we’ve put together this handy guide for you.
Annual Return Filing Dates To Take Note of for New Business Owners
New business owners or even company officers may not be familiar with the necessary paperwork to deliver to local authorities for annual requirements. Everything is new. Starting a business in Hong Kong is already so tough and now there is paperwork to deliver to be compliant?
How To Convert A Private Limited Company Into A Public Limited Company
While the public limited company structure shares some similarities with the private limited company structure, its features make it more ideal for large businesses.
Filing Requirements to ACRA and IRAS: What All SG Companies Need To Know
Every year, Singapore companies are required to file their annual returns and tax returns to two government agencies – the Accounting Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS).
Penalties for Not Filing These 5 Documents on Time
There are penalties that a company must pay if any of the information or documents are not given to ACRA or IRAS as a company.
What New Founders in Hong Kong Need To Know About Annual Financial Reporting Obligations
Companies must prepare financial statements and have them audited every year, with those financial statements being included with their annual tax filing. Find out more.
A Guide to Articles of Association in Hong Kong
An Articles of Association (AA) must be submitted if you wish to be registered as an entity in Hong Kong, regardless of entity type. Here’s how to prepare it.
What New Business Owners Need To Know About Companies Ordinance
In Hong Kong, the Companies Ordinance creates a legal framework for companies to be incorporated and operate. As your company would need to adhere to it, find out what it’s about.
Things To Note When Issuing Shares in Hong Kong
If you plan to increase your company’s capital by selling part of your company through the issue of shares, there is some administrative work you need to do for existing and potential shareholders.
A Guide to Issuing Share Certificates for Singapore Companies
If you are starting a new company, you will need to issue a share certificate when your company is being incorporated. This article will go through the information you need to prepare this document.
Choosing a Financial Year End Date for My Singapore Company
When you incorporate, you need to choose your financial year end date which determines when your corporate filings and taxes are due. Read on to find out how to choose the date for your company.
How to Change My Hong Kong Company’s Registry Address
You may have started your business in Hong Kong for a few years or you’re considering moving to another location due to a high rental cost of your current registered address.So, maybe now it’s time for you to change your company registered address.
Why You Need a Company Secretary for Your Hong Kong Business
Since a company secretary is a must, find out why you need one, what their roles are and how best to choose one.
Changing My Company’s Financial Year End
If your current financial year end date was not chosen by you, or you want to streamline the date with your parent company, you may want to read this.
Minimum Salary Raised for Employment Pass and S Pass in Sep & Dec 2020
Find out what an Employment Pass is, what an S Pass is, and what are the new rules to get one for your company’s staff
Corporate Secretary: What Are Their Roles and Do You Need One?
After incorporating your company, you could benefit from having a corporate secretary around. Find out if you really need one.
What’s Next After Incorporation? 12 Things To Do
There is more work you’ll need to do after opening a company. Here are 12 tasks you should do within your first year after registering your company.
Selecting a Financial Year End for Your New Company
Your financial year end affects how you do your accounting and tax submissions. So how do you decide? Read on.
What Does the Electronic Transactions Act Mean for Entrepreneurs?
What do the Electronic Transactions mean for businesses and SMEs? We go through 4 things that entrepreneurs should take a close look at.
PDPA & GDPR: Does My Company Need to Comply?
Does the PDPA apply to my company? What about the GDPR? Ease your worries and read through this guide to tell it to you straight, with examples.
Filing Your Annual Return in Hong Kong: A Quick Guide
Want to learn more about company annual return filing to Companies Registry in Hong Kong? Let's get you familiar with all the important details.
Company or Common Seal in Hong Kong: Does Your Company Need it?
A comprehensive guide to common seal in Hong Kong and whether your company needs it.
How Hong Kong Collects Information About Company Ownership
Every Hong Kong company keeps records about the people and businesses who own it and influence its decisions. Those records make up the Significant Controllers Register (SCR). The authorities can ask for them at any moment.
How to Verify a Company in Singapore
When you find a new partner or a new client, you may want to check the counterparty's reliability. Luckily, there’s a tool to verify companies that small and medium-sized businesses can use for free. Let’s take a closer look at it.
How Does ACRA's BizFile Work in Singapore?
As a Singapore entrepreneur, you, or more likely, your Corporate secretary, are going to interact with Bizfile regularly. Residents can access the directory themselves while foreigners need to hire an agent to do that for them. Here are some of the major activities your business might need
How to Report About Your Business Activity Type
As a rule, people starting companies already know what they’ll be doing. The authorities want to know, too, so they ask every entrepreneur about it. Let’s figure out how to decide on the answer and what rules to follow.
70% of Entrepreneurs Prefer to Check in via MyInfo for Incorporation and Secretarial Services
Osome has integrated MyInfo to provide SingPass holders with a one-step business formation process, and two-thirds of their clientele use the new feature
How not to Hold Annual General Meetings
Annual General Meetings are important. Firstly, they are compulsory. Secondly, vital subjects are discussed there: during AGMs, shareholders approve financial statements. Without the shareholders’ approval, your business can’t meet the filing requirements.
Roles and Responsibilities of Company Secretary in Singapore
The Company Secretary is responsible for your Singapore business compliance. You must appoint one within 6 months after incorporation.
How to Change Corporate Secretary?
There are several red flags that tell you your current Corporate Secretary is not doing a good job: you have to wait for an answer for days, and follow up with reminders. You do not receive advice on regulation, and when you do it’s often unclear. You're unhappy with the price you pay.
How Do Dividends Work in Singapore?
You’ve made a profit and thinking about paying it out to shareholders. Here’s all you need to know about dividends in Singapore
What are Company Secretary Job Responsibilities?
A Corporate Secretary is an officer of the company responsible for internal compliance and all necessary documents required by law. Once you’ve set up a company, you have 6 months to find
How and Why Can I Convert a Sole Proprietorship into a Private Limited Company in Singapore?
It makes sense to convert when you see that your business is doing very well. A Sole Proprietorship is a great way to test ideas. Once you know you’re going to stick