The Singaporean Law makes it mandatory for each company to have a Corporate Secretary. The Corporate Secretary shall be in charge of all the compliances: Filing Annual Returns, Change Resolutions, and Documents for Annual General Meetings and Dividend Distribution.
Yes, you can do it if you get an Employment Pass issued. You can also move your family to Singapore based on the Dependent Pass.
You cannot do this, EPs and DPs are issued for one specific company only. You are only allowed to work for the employer that sponsors your visa. Therefore, you need to apply for a new EP through your new business.
As per law, all Singaporean Companies need to have a registered local address. This address will go on record and will be displayed on all official documents. If you don’t have one, then we help you out by acting as a correspondence for you. Locals can also use their residential address as their business address if they have an approving neighbourhood for the kind of business they will be carrying out. For using your residential address as your company address, you might need approval from the notified authorities too.
Opening a Singaporean Bank Account is a simple task with us as we get it done easily with our partner banks. We will do everything online which ranges from filling up applications, verifying ID proofs and sending them to banks for final approval. What are the processes involved? For the remote opening of bank accounts, all banks have their own procedures. KYC Interviews and Document Exchange through couriers are some of the common methods. Get in touch with us to get more details on it.
On preparing all the documents, it is just a 1-hour task. It all boils down to how fast you provide us with the documents and the availability of our authorities.
Foreigners wishing to start a business in Singapore, need to go for a certified agency to file all the documents for incorporation. We will collect the documents online, file them accordingly, and send them over to get your digital signature on it. Complete online process and literally zero physical documents. No physical signatures, no scans and no couriers required.
A suitable platform to take care of your corporate documents and company data in a secure manner and that gets you easy access to it. Apart from this, it will help you solve all your worries with worthy advice from our experts.
Your accounting process needs to be up to date and precise as several tax reports have to be submitted in a year. Our services will help you to organise your documents and accordingly prepare reports and file them. You shall also receive suggestions on important exemptions so that you pay your taxes smartly.
To apply for the Employment Pass, you need to file your CV which should state your Professional Experience, Education Data and the Company Profile. The professional qualities and fit with the company that you are applying through will be evaluated. The most important factor which you have to keep in mind is that your salary shouldn’t be less than S$6,000, if applying for the Dependent Passes.
We need your passport and address proof and the same for any of the other directors of the company. A well-shot selfie should also be attached to it to prove that it’s you. In addition to these, we need the Share Capital structure- which will be there in the Constitution of the Company which will be drafted by us. Finally, we need the amount of your paid-up capital for which a bare minimum of S$1 is enough.
Singaporean law states that at least one of the directors has to be a resident of Singapore. You can easily hire a nominee which is a common and legal practice. The nominee cannot make any business decisions but will share responsibility in case of any wrongdoing.
Annual reports need to be submitted even though there are no transactions. This report will consist of Estimated Chargeable Income Statement, Financial Statement, and Annual Tax Returns which are also called Form C or Form C-S. Getting them right is crucial or else you along with your Nominee shall have to face fines and penalties.