What are the employment pass eligibility requirements?
To be considered for an Employment Pass, you must have a fixed monthly salary of at least S$2,500 and possess one or more of the following: Generally, a recognized Diploma/Degree qualification from a reputable university Professional qualifications Specialist skills Work related experience Possessing a recognised qualification does not automatically guarantee a successful Employment Pass application, [...]
What are the documents required to open an accounts?
They will require the company M&A, and the incorporation certificate. Some banks however may require further documentation such as bank reference and proof of residence.
What are the basic Singapore Company Compliance Requirements?
The basic compliance requirements for a Singapore Company are: local registered address Singapore resident company secretary at least one Singapore resident director appoint an auditor if there is a corporate shareholder and/ or annual turnover is above S$ 5 million notify ACRA of any changes in the company’s registered particulars hold an Annual General Meeting [...]
When do I need to Notify Changes in the company?
ACRA has to be notified every time there is a change in the company structure such as: Shareholder or to its officers, Change in particulars i.e. passport number, nationality, residential address of the director/shareholder/s, Change of financial year end, Change of registered office address, etc., Failure to do so will incur penalties.
What is the minimum age for one to be Director in Singapore?
Any person above the age of 18 years may be appointed as a director. However, certain individuals e.g. bankrupts, are disqualified from holding director positions.
What is the minimum numbers of Directors a company must have?
Singapore Companies Act requires that at least one of the company directors must be ordinarily resident in Singapore i.e. Singapore citizen, Singapore Permanent Resident, employment pass, EntrePass or dependent pass holder. We can provide Nominee Director Service to meet this statutory requirement, if you do not have a local resident director.
How many directors must a Singapore company have?
Singapore company act requires a minimum of one director who must be a Singapore resident. A foreigner who wants to register a new company in Singapore and act as a resident director of the company must obtain a work pass before he can act as the local resident director.
