Events, Articles & Guides

WHAT IS A DATA PROTECTION OFFICER? A data protection officer (DPO) is an enterprise security leadership role required by the General Data Protection Regulation (GDPR). Data protection officers are responsible for overseeing a company’s data protection strategy and its implementation to ensure compliance with GDPR requirements. According to the WP29 the DPO is a cornerstone of accountability while appointing a DPO facilitates compliance and competitive advantage for businesses

What does a Dormant company mean? A dormant company in Singapore is a registered company that is not receiving any form of income or is actively trading. A company becomes Dormant if there is no business activity connected to it: you don’t sell or buy anything, employ no people, pay no dividends, and receive no income. Whether you’re interested in setting up a company you intend to use in the future, you’re taking a break from trading, or you intend to set up a SPV, dormant c

What is GST? GST (Goods and Services Tax) also called as Value Added Tax (VAT) or output tax in other countries. The GST levied on the customers for the supply of the goods and services is referred to as Output tax. GST exemptions apply to the provision of most financial services, the supply of digital payment tokens, the sale and lease of residential properties, and the importation and local supply of investment precious metals. Goods that are exported and international serv

What is a Private Limited Company? A Private Limited Company is an LLC in which the shares are held by less than 50 persons and are not available to general public. It’s also the most popular type of entity to be registered in Singapore. What is required to incorporate a Private Limited Company in Singapore? There are 5 key requirements to incorporate a Singapore Company. Here are they: 1. At least one shareholder (individual or corporate entity) 2. One resident director. 3.

What is a Nominee Director? In Singapore, it is mandatory for a company to have a local resident director. If the company does not have a local resident director, it can appoint a nominee director. Every company that is registered in Singapore must have at least one director who is a resident of the country. This is a regulation of the country's Companies Act. If a foreigner incorporates a company in Singapore but does not have a local person who can act as a resident directo

Want to incorporate a company in Singapore? Here are the key guidelines on opening a company and doing business in Singapore. What you need to have to register a business in Singapore? When registering a business with ACRA (The Accounting and Corporate Regulatory Authority), you need to have the following: 1. Company name: Have at least a shortlist of three in case your first choice isn’t available. 2. One of more directors: Directors must be natural persons, aged 18 and abov