Corporate Compliance

Corporate Compliance in Singapore

Singapore continues to be a prime destination for foreign businesses, but to operate here, foreign investors must strictly adhere to corporate compliance regulations. Non-compliance can negatively impact your company’s reputation, sustainability, and growth.

At Global Business 360, our team has extensive knowledge of Singapore’s compliance requirements. From pre-incorporation to post-incorporation, we ensure that your business meets all annual statutory obligations set by ACRA and IRAS. Let us help you navigate Singapore’s corporate landscape with ease.

For more information, contact us today!

Corporate Compliance Services

In addition to ensuring you meet your core compliance requirements, Global Business 360 offers a range of support services designed to enhance your business operations. Our comprehensive corporate compliance services include:

  • Annual return filing with ACRA
  • Preparation of financial statements and tax filings
  • Corporate governance support and advisory
  • Maintaining statutory records and registers
  • Handling changes in directorships and company structure
  • Ensuring compliance with ACRA and IRAS regulations

At Global Business 360, we are committed to facilitating the smooth operation of your business while ensuring full regulatory compliance. Contact us to learn how we can support your business success.

Company Secretary
You are required to appoint a qualified company secretary within six months of incorporation. Our professionals at Global Business 360 provide you with competent corporate secretarial services.

Singapore Resident Director

Every company in Singapore is required to appoint at least one resident director to oversee the company’s operations and ensure its success. The appointed resident director must meet the following criteria:

  • Be at least 18 years of age
  • Not be an undischarged bankrupt
  • Be mentally and physically fit to perform the role

At Global Business 360, we can assist you in appointing a qualified resident director who will help guide your business in the right direction. Contact us today to learn more!

Registered Office

In Singapore, your company must have a registered office address where official notices and mail can be sent. This office must be accessible to the public for at least 3 hours during a working day. If you don’t have a physical office in Singapore, a virtual office is an excellent alternative.

Global Business 360 provides a business office address and mail forwarding services tailored to your needs. Let us help you establish a professional presence in Singapore, whether physical or virtual. Contact us for more details!

Business Licenses and Permits

While most business activities in Singapore do not require licenses, certain industries—such as childcare centers, private schools, moneylenders, banks, and liquor distributors—are regulated and need specific approvals. During incorporation, ACRA will inform you if your business requires approvals from multiple authorities.

At Global Business 360, our experts will guide you through the process and help you secure the necessary business licenses as quickly as possible. Let us handle the paperwork, so you can focus on growing your business. Contact us today to get started!

Business Registration
Global Business 360 takes care of all your registration requirements, if applicable.

Goods and Services Tax (GST) Registration

Goods and Services Tax (GST) is applicable to both the import of goods and the supply of goods and services in Singapore. Your company must be registered for GST if your annual turnover exceeds S$1 million from the sale of taxable goods and services.

If your business meets this threshold, registration is required to collect GST. At Global Business 360, we can assist you with the GST registration process to ensure compliance with Singapore’s tax regulations. Contact us to learn more about how we can help you navigate GST requirements.

Trademark Registration

Protecting your brand is crucial for maintaining your competitive edge and avoiding legal issues. At Global Business 360, we assist with trademark registration to ensure that your brand is safeguarded. Registering your trademark helps:

  • Protect your brand from legal infringements
  • Distinguish your business from competitors
  • Secure exclusive rights to your brand elements

Let us handle the trademark registration process for you, so you can focus on growing your business. Contact us to get started!

Customs Registration

If your business is involved in exporting, importing, or trans-shipment activities, you must register with Singapore Customs. Upon registration, you will receive a Unique Entity Number (UEN), which simplifies your interactions with government agencies.

At Global Business 360, we can assist you with the customs registration process to ensure your business complies with all relevant regulations. Contact us to streamline your registration and facilitate smooth operations.

Patents and Copyrights

For tech start-ups and innovators, protecting your intellectual property is essential for safeguarding your competitive advantage and future profitability. Filing a patent application for your invention can prevent potential threats and secure your innovations.

At Global Business 360, our experts can assist you with the patent application process to ensure your intellectual property is protected. Contact us to learn how we can help you secure your patents and copyrights effectively.

Post-Incorporation Requirements

Once your company is incorporated in Singapore, you’ll need to manage several key post-incorporation requirements:

  • Appointment of Auditor: Appoint an auditor within three months of incorporation.
  • Opening a Bank Account: We assist you in selecting the right bank and opening an account. Required documents include:
  • A copy of your certificate of incorporation
  • A resolution from your board of directors
  • Copies of your business profiles and Memorandum and Articles of Association (MAA)
  • Proofs of the directors’ residential addresses
  • Annual Filing Requirements:
  • Annual General Meeting (AGM): Hold an AGM within the calendar year to maximize tax benefits.
  • Taxation with IRAS: We help develop tax strategies, ensure corporate tax compliance, and handle statutory filings.
  • Annual Returns with ACRA: File annual returns within one month of your AGM date.
  • CPF and SDL Contributions:
  • Contribute to the Central Provident Fund (CPF) for Singapore Citizens and Permanent Residents.
  • Make Skills Development Levy (SDL) contributions for local and foreign employees.
  • Accounting and Bookkeeping: We provide comprehensive accounting services to avoid penalties, including:
  • Cash flow management
  • Financial statements
  • Monthly reports
  • Bank reconciliation
  • Management reporting
  • Determination of Fiscal Year: Decide on your Financial Year End (FYE), which does not have to be December 31. We recommend setting an FYE within 365 days for zero tax exemption benefits if you are a start-up.
  • Estimated Chargeable Income (ECI): Submit an estimate of your chargeable income for the assessment year to IRAS within 3 months after your financial year-end.

At Global Business 360, we stay updated on corporate compliance requirements in Singapore to help prevent unnecessary penalties and fines. Engage our specialists now to ensure all your regulatory compliance needs are met efficiently.

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