Compliance Requirements for Singapore Companies

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Legal Compliance for Pte Ltd Company Singapore
Legal Compliance for Pte Ltd Company Singapore

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What are the Legal Compliance Requirements for a Pte Ltd?

Legal Compliance Requirements
Under Company Law
  • Filing Annual Returns (AR) with ACRA
  • Private limited companies may opt not to hold an AGM. If held, the date of AGM must be mentioned in the AR.
  • The management has to file the company’s financial statements and shareholders’ details to the ACRA within one month of the AGM.
  • Updating Company Particulars with ACRA
Under Tax Law
  • Filing of Corporate Tax
  • A company has to file two income tax returns every year with IRAS, estimated chargeable income (ECI) and form CS/form C-S (lite)/ form C.
  • Mandatory filing of returns is mandatory for GST registered companies.
  • Mandatory adherence to Singapore Financial Reporting System (SFRS).
Under the Employment Law
  • Singapore statutory requirements call for mandatory adherence to the regulations of the Singapore Employment Act during employment and termination.
  • Mandatory contributions must be made to the Central Provident Fund (CPF) and the MediSave Fund.
  • Apply and secure necessary Work Passes for Expatriate Employees.
Under Personal Data Protection Act (PDPA)
Companies must nominate a person as Data Protection Officer and ensure compliance with the PDPA.
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Company Incorporation Singapore
Company Incorporation Singapore
Company Incorporation Popup
Company Incorporation Singapore

New Company Registration in Singapore – FAQs

The reasons for preferring a Pte Ltd structure for Singapore Company Incorporation  is due to the following reasons.
  • Separate Legal Entity
  • Ease of Fundraising for future business expansion
  • Shareholders enjoy Limited Liability and increased protection of their assets
  • Ease of Transfer of Ownership
  • Guaranteed Perpetual Succession
  • More Credible Image
  • Better Tax Benefits and Incentives
The documents required for Setting  up a private limited company in Singapore  are as under.
  • A Company Name approved by the authorities
  • Preparing Documents for setting up Singapore company
  • Submitting Application to ACRA through BizFile+
  • Receiving Company incorporation certificate
  • Opening of a Corporate Bank Account
  • Receiving Licenses and Permits
  • Registering for GST
The key requirements for Singapore Private Limited Company Registration include
  • Approved company name
  • A Minimum initial paid-up capital of SGD 1
  • 1 – 50 shareholders
  • At least one local or resident director
  • At least one company secretary
  • A local registered physical office address
The Process steps include the following
  • Obtaining the approval of ACRA for your company name
  • Preparing Documents for setting up Singapore company
  • 1 – 50 shareholders
  • At least one local or resident director
  • At least one company secretary
  • A local registered physical office address

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We approached IMC for our trademark applications and have been working closely with Mayuri from the IMC team in Singapore. We had an absolutely stress-free experience.

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IMC Singapore is one of the best Consultant to set up company in Singapore, they have an excellent team of People who guide you right from the begining to start up new company in Singapore .

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