Category Archives: Compliance

Further changes to the Singapore Companies Act in 2017

Singapore has historically always been very favorable to businesses, both those that are homegrown in Singapore as well as foreign enterprises looking to set up shop and further develop the economic base of this Southeast Asian nation. Working hard to cement itself on the global scene as a major “through point” of commerce across the world, Singapore has in just the last few years begun to rapidly rewrite, relegislate, and…Read more
Trademarks and Their Benefits

Trademarks and Their Benefits

If there is one feature that distinguishes successful, sustainable businesses from those that fail within a few years, or just barely manage to keep grinding along above the waterline, it is strong brand reputation. This may be more true in some industries than others, but if your business's identity is not fixed in the minds of your customers, there is little reason for them not to choose a competitor's product.…Read more

Singapore tops Asia-Pacific region in the International Baccalaureate (IB) diploma exams

Singapore tops Asia-Pacific region in the International Baccalaureate (IB) diploma exams For the seventh consecutive year, Singapore is the number one nation in all of the Asia-Pacific region as far as graduates in the International Baccalaureate Diploma Exams is concerned. Effortlessly beating out more than 94 other scores from around the world, Singapore had 57 students score the maximum of 45 points on these examinations, a new record and an…Read more
Role and Responsibilities of a Singapore Company Director

Role and Responsibilities of a Singapore Company Director

The main responsibility of every director is to make the company successful and to legally operate with it. If the laws are not respected within the company, the first person who bears all the responsibility is the director of the company. As you can assume, the essential role of the director is the status of a legal representative. The legal representative is actually an agent who has the obligation to…Read more

Guide to Annual General Meetings for Singapore Companies

The leaders of Singapore companies need to be aware that there may be penalties if they don't schedule Annual General Meetings according to the country's business laws. Some companies are slacking off in this important regard and these companies may need to go to court in order to prove compliance. ACRA is a governing body in Singapore which is committed to ensuring that companies follow the rules. Since regulatory compliance…Read more

Monetary Authority of Singapore Launches Anti-Money Laundering Unit

One of the main issues that countries experience when they make it simple for people to own businesses is money laundering. As one of the most infamous crimes that people engage in on a regular basis, Singapore is starting to put an end to the multiple infractions of business owners. With their new anti-money laundering unit, they hope to make business owning a more legitimate industry throughout the country. The…Read more

New IPOS appointments clear path for access to international patent systems

Singapore as a nation has always prided itself on being just as business friendly to the global community as humanly possible, and a recent decision by the government of Singapore regarding the process for searching and applying for patents are going to make it even friendlier for enterprises and individuals. The Intellectual Property Office of Singapore (IPOS) has now been appointed as a competent International Searching Authority and International Preliminary…Read more

How to do Filing of Annual Returns without AGM?

Many business owners are interested with filing annual returns that can be done without annual general meeting. They should learn about some step by step instructions on how to do this procedure. Filing annual returns is not a difficult procedure to do. This type of application only applies to all companies that have 2 or more shareholders. There are some other requirements that people should have before they can file…Read more

What is Singapore Employment Act?

Singapore, employment act is used for governing terms and conditions of employment in Singapore. The employment act covers the following people: workers who are under service of contract, domestic workers, managerial and executive staff and statutory board and government employees. However, the seamen are not covered by the employment act. What makes this employment act to be important is the fact that terms and conditions of the contract service is…Read more

Director’s Resposibilities

A director’s responsibilities are combined series of common & statutory law as well as equitable obligations that are owned mostly by the members of the board of directors of the institution that has employed them. There are three types of directors’ i.e. independent, non-executive and executive. It’s actually a central part of corporate governance and corporate law. Some of these duties include: 1. Acting within powers One of the main…Read more
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