Incorporation
We are experienced and proven to be a fast and efficient centre in the incorporation of Singapore companies.
Our incorporation service includes:
- Name reservation and obtain approval from the Accounting and Corporate Regulatory Authority (ACRA)
- Preparation of the Constitution and other incorporation documents
Accounting Services
As a continual service after incorporation, maintaining proper accounting records is imperative and the onus lies with the directors. However, you are not alone, we can provide a comprehensive accounting services to cater to the needs of our clients.
Our services covers:
- Book-keeping services in monthly, quarterly or yearly
- Payroll
- Preparation and reporting of Goods and Services Tax (GST) returns
- Preparation of Management report
- Periodical financial statement review
- Preparation and analysis of financial statements
- Implementation of computerised book-keeping systems
Corporate Secretarial Services
Under the Companies Act, Company documents must be properly prepared and lodged with the Accounting and Corporate Regulatory Authority (ACRA). It is thus the directors’ responsibility to ensure that the Company’s secretarial records are properly maintained and updated.
Our services cover:
- Formation of Private Limited Companies, LLPs, sole-proprietorships and partnerships
- Preparing and updating the statutory registers
- Filing of statutory returns and other documents with ACRA
- Preparing notice and agenda for the Annual General Meeting (AGM) and Extraordinary General Meeting (EGM)
- Preparing all directors’ resolutions and shareholders’ meeting minutes
- Reminding clients of the date for the preparation of annual reports, Annual General Meeting date and filing of Annual returns
- Make changes to the Constitution
- Company Instant Information service
- Custom Registration (CR) number application
- Making of Company’s seal and stamp
Compliances
Our services cover:
- After incorporation, First Directors’ meeting to be held to appoint the officers of the Company
- Preparation and submission of Annual Return and Annual General Meeting
- Declaration of Estimated Chargeable Income (ECI) to Inland Revenue Authority of Singapore (IRAS)
- Submission of Corporate Tax Return (Form C/C-S)
Tax Services
Our taxation department has the experience to assist and provide you with all kinds of tax issues.
Our services covers the following but not limited to:
- Tax consultation, planning and administration
- Preparation and submission of Corporate and individual Income Tax Returns
- GST registration
- Preparation and submission of IR21 Tax Clearance to IRAS
- Preparation of IR8A
Auditing Services
Apart from the law requiring larger companies to have an audit, there are other reasons for having an audit:
- to satisfy groups such as employees, customers, suppliers and pressure groups, as well as the investor community, as to the credibility of published information
- to enable them to comply with banking covenants
- to help detect and prevent fraud and error
- to take advantage of the benefits of an audit such as advice on the structure and operations of systems and to suggest improvements
- to demonstrate good corporate citizenship
Audit Exemption
Smaller companies have easier corporate reporting requirements with audit exemption. In 2015, the Companies Act (the Act) was amended allowing small companies to be exempted from audit. Small companies whose accounting year with annual revenue of less than or equal to S$10 million and it is a private company are eligible for audit exemption.
A Company is deemed to be small company if it satisfies the revenue test above and:
It meets at least 2 of 3 following criteria for immediate past two financial years:
- total annual revenue less than or equal S$10 million;
- total assets less than or equal S$10 million;
- no. of employees less than or equal 50
However, Companies are still required to maintain proper accounting records, prepare and present financial statements in compliance with the Act and the Singapore Financial Reporting Standards (FRS). In other words, Companies are required to prepare directors’ report, balance sheet, profit and loss account, and statement of changes in equity, cash flow statement and notes to financial statements. Everything is the same with the exception of the audit report.
Trade Marks
A Trade Mark is a sign used by a person in the course of business or trade to distinguish his goods or services from those of other traders. Registering a Trade Mark is not compulsory but it gives the owner rights to enable him to control the use of the sign and prevent others from using a similar mark without his/her permission. A registered Trade Mark adds great value to a business.
A registered Trade Mark can be any letter, word, name, signature, numeral, device, brand, heading, label, ticket, shape, colour, aspect of packaging or a combination of these.
We offer services in Singapore and international registration on Trade Marks.
Off Shore Companies
A properly structured offshore company is a tax efficient corporate vehicle through which international business can be conducted. The advantages for individuals and corporations to utilise offshore planning and offshore companies include to:
- Minimise international tax
- Protect global assets
- Manage risk
- Maintain privacy and confidentiality
- Avoid bureaucracy
- Reduce costs
- Enhance assets
Offshore company is popular for the following businesses:
- An import and export company or an international trading company
- Intellectual property developer
- Independent consultants and contractors
- Investment portfolios, Wealth Management and property owning companies
- Holding companies
We offer offshore company incorporation services in several reputable jurisdictions including British Virgin Islands (BVI).