Alex.Kim`s Uploads

  • Step-by-Step guide How to form a Singapore Private Limited C Before one can start a business in Singapore, registering Singapore company with Accounting and Corporate Regulatory Authority (ACRA) and abiding with Singapore Companies Act is mandatory. While one can choose different types of company incorporation, Singapore private limited company is the most common and the most preferred company incorporation type in Singapore. Being a specialist in Singapore company formation, we at Precursor follow an easy and step-by-step process to incorporate a Singapore private limited company. To help you in incorporating a private limited company in Singapore, below is a step-by-step guide that you can follow to incorporate Singapore private limited company with Precursor in the matter of a few hours. For more information read this link:
    Alex.Kim 00:03:48 110 0 Downloads 0 Comments
  • Pros and Cons of Singapore Private Limited Company In Singapore, all companies are incorporated according to the procedures under the Singapore Companies Act. Among various types of company incorporation such as sole-proprietorship, partnership, public limited and private limited companies, Singapore private limited company is one of the most preferred type of company incorporation in Singapore. Singapore private limited company is a business entity registered under the Companies Act, Chapter 50. It usually has the words 'Pte Ltd' as part of its name. Singapore private limited company has limited liability and the shareholders may not be held responsible for the debts and liabilities incurred by the respective private limited company in Singapore. While it is indeed one of the most preferred company incorporation options in Singapore, finding out whether it is appropriate for nature, kind and goals of your business is necessary in order to choose the best Singapore company incorporation option as well as avoid any unanticipated situation. To help you to make an informed decision, let’s discuss the pros and cons of Singapore private limited company so that you can make a choice about whether or not it is appropriate for you and your business in Singapore. For more information read this link:
    Alex.Kim 00:03:54 125 0 Downloads 0 Comments
  • Frequently asked questions about Singapore LLP Out of the various businesses entity types in Singapore, only Singapore limited liability partnership (LLP) and private limited company in Singapore can be considered to be separate legal entities. This post is a collection of frequently asked questions about Singapore LLP to help those who are looking to understand more about this business entity type. What is a Singapore LLP? According to the Limited Liability Partnership Act, a Singapore limited liability partnership (LLP) is a type of business structure “where the individual partner’s own liability is generally limited.” This clause protects the various co-partners from liabilities due to misconduct of other partners. This is affirmed by the Limited Liability Partnership Act Section 163A that “the mutual rights and duties of the Singapore LLP and its partners are governed by the limited liability partnership agreement.” For more information read this link:
    Alex.Kim 00:03:56 114 0 Downloads 0 Comments
  • LLP Vs. LLC in Singapore Which one is better As limited liability companies or private limited companies in Singapore are limited by shares, this means that the shareholders are not liable for its debts or losses beyond the amount of share capital they have invested in the company. The personal wealth and personal assets are not at risk as they are protected, by the definition of a limited liability. It is also a separate legal entity which means it will still be subjected to taxation. The choice of company type has the potential to affect the tax rates and statutory compliance that will become applicable to the proposed business entity after the registration. It may also impose restrictions on the ability of the business to raise capital for the future expansion of its business activities and hence it is imperative to make an informed decision on the choice of company structure for your venture. This article compares both Singapore LLC and LLP to help you understand the differences as well as to find which option best suits your business. For more information read this link:
    Alex.Kim 00:03:32 86 0 Downloads 0 Comments
  • Tips for foreigners when opening Singapore corporate account Looking at the various benefits and facilities that are offered by Singapore government, incorporating a company in Singapore as a foreigner is fairly easy and a foreigner can also own up to 100% shares of the company. In this scenario, foreigners requiring to open corporate bank account in Singapore is obvious as the bank account is needed in order to carryout financial operations of the company the bank account should be opened before a company can begin its transactions. In Singapore, various banks provide special facilities, benefits and offer for foreigners, making it easy for them to open a Singapore corporate bank account. As choosing one of the various available banks in Singapore for opening Singapore bank account is a critical decision, here are some important tips that will help you choose the right bank for your Singapore corporate bank account. For more information read this link:
    Alex.Kim 00:01:00 85 0 Downloads 0 Comments
  • Guide for choosing the right name for your Singapore Company The name of a company plays a monumental role in a brand's growth and perception, meaning it can completely make or break a company. It is the first thing that is registered in your consumer’s minds and that establishes a brand reputation in the long run. To help you choose the right name for your Singapore company name, here is a guide that will not only help you in understanding the role of a company name in Singapore but it also lists the step-by-step procedure you can use to find a great name for your company’s brand positioning. For more information read this link:
    Alex.Kim 00:00:46 104 0 Downloads 0 Comments
  • How to change or remove the company secretary in Singapore
    How to change or remove the company secretary in Singapore Along the course of your business, there might come a time when you feel the need of changing your company secretary in Singapore. This may be due to various reasons including: • A company secretary who can provide proper guidance and advice in relation to ongoing compliance regulatory requirements • Excessive additional fees charged by the secretary (besides the annual retainer fee) • Existing secretary’s inability to articulate or communicate clearly about the firm’s secretarial matters Irrespective of reasons, changing or removing company secretary in Singapore is possible and can be easily done if the procedure is carefully followed. For more information read this link:
    Alex.Kim 00:00:46 121 0 Downloads 0 Comments
  • Industry-Specific Business Licenses in Singapore There are different essential types of licenses & Permits needed in order to operate business activities in singapore in strict compliance with singapore law. You can read detailed business compliance requirements in Singapore there. Read more information click this link:
    Alex.Kim 00:00:20 137 0 Downloads 0 Comments
  • How to open company bank account in Singapore Once a Singapore company is incorporated, it will be advisable to open a corporate bank account in order to smoothly carry out business you may check the post that is intended to provide information on requirements for opening corporate/company bank account in Singapore. For more information read this link:
    Alex.Kim 00:00:24 116 0 Downloads 0 Comments
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