Advenz proudly celebrates 12 years since July 2009! We are happy to have established strong working relationships and great friendships over the years. Thanks to the loyal support of our clients and business partners, we have continued to deliver professional corporate services and built our business to where it is today. Not forgetting the contributions… Continue reading Advenz celebrates 12 years!
With busy schedules and all the hustling, it can sometimes be difficult to keep track of important dates. To assist companies and individuals in ensuring their statutory compliance, we have come up with a simple biannual calendar that includes Public Holidays, ACRA Compliance and IRAS Compliance dates. Here is our calendar download for July to… Continue reading Downloads: Important Compliance Dates (Jul to Dec 2021)
With effect from 30 July 2020, in addition to keeping a Register of Registrable Controllers (RORC) at their end, entities will have to lodge their RORC information with ACRA’s central register via bizfile+. All companies and LLPs that have not lodged their RORC information are reminded to do so by 30 June 2021. Unless exempted,… Continue reading Updates: Lodgement of RORC Information
Few months ago, we shared our perspectives on the factors contributing to Singapore’s business-friendly reputation. (Read: Why set up your business in Singapore). If you find our earlier article useful, the next crucial step on your entrepreneurial journey would be to decide on the type of business structure. It is important to consider the differences… Continue reading Types of Business Structures in Singapore
ACRA has revised the filing requirements and data elements in XBRL format for companies as part of efforts to streamline the filing of financial statements. Companies required to file financial statements in XBRL format will have to apply the revised XBRL filing requirements and data elements starting from 1 May 2021. There are four templates… Continue reading Updates: Revised XBRL Filing Requirements (ACRA)
The implementation of ACRA’s 2-tier penalty framework for filing of annual returns and annual declarations by Singapore incorporated companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) has been put on hold to allow more time for transition. Noting the deferment, the current penalty framework will continue to apply for the filing of lodgements.… Continue reading Updates: Deferment of 2-tier Penalty Framework (ACRA)
For consistency with recent work pass moves, Minister for Manpower Mrs Josephine Teo announced in her speech at the Committee of Supply 2021 that the Ministry of Manpower (MOM) will regularise the work arrangements of Dependant’s Pass (DP) holders. More details to be announced on 1 May 2021. For existing DP Holders: For… Continue reading Updates: Revised Regulations for Working Dependant’s Pass Holders (MOM)
Singapore’s business-friendly reputation has attracted the likes of many multinational companies and has drawn in foreign investments across a range of industries. As of 2019, the country has more than 4200 regional headquarters based here, the highest in Asia Pacific. Some examples include TikTok and Dyson, who have announced plans to establish their headquarters here… Continue reading Why set up your business in Singapore?
Singapore’s 2021 Budget Statement was delivered in Parliament by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, on Tuesday, 16 February 2021. Following the announcement, we have compiled 3 summarised sets of infographics available for download. Click below to obtain a copy of our infographic for Budget 2021: Singapore Green Plan 2030
Singapore’s 2021 Budget Statement was delivered in Parliament by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, on Tuesday, 16 February 2021. Following the announcement, we have compiled 3 summarised sets of infographics available for download. Click below to obtain a copy of our infographic for Budget 2021: Emerging Stronger with Skilled… Continue reading Emerging Stronger Together (Budget 2021 Infographic)