Reading Time: 5 minutesIn 2006, Singapore abolished the concept of authorised capital. This streamlined and simplified the evaluation process for investors to evaluate companies. The distinction between authorised and issued share capital can at times be misleading. However, the removal of the concept of authorised capital has made it much easier for companies to distinguish between the two […]
Incorporation 101: How to form a Private Limited Company in Singapore
Reading Time: 7 minutesPrivate limited companies are by far the most popular business structure. According to the Department of Statistics, out of the 26,555 business entities formed in 2018, almost 70% were companies. Why is this business structure so popular, and how does one incorporate a private limited company? This guide will address the advantages of a private limited […]
Startup Law Academy: Starting up a business in Singapore and its legal implications
Reading Time: 5 minutesDuring a panel discussion organized by Asia Law Network, with partners General Assembly, e27 and WeWork Beach Centre, Daniel Ho (Director, Summit Law Corporation), Lau Kah Mei (Managing Director, LKM Law Corporation), and Kelvin Tan (Director, Vicki Heng Law Corporation) shared their thoughts on starting a business in Singapore. What structure should I adopt for my […]
Accounting and Corporate Regulatory Authority (ACRA) Updates Guidance Notes on Setting up a Register of Controllers
Reading Time: 4 minutesOn 18 September 2017, the Accounting and Corporate Regulatory Authority (“ACRA”) issued revised versions of its written guidance in relation to the requirements on the register of controllers for Singapore companies, foreign companies registered in Singapore and limited liability partnerships (collectively known as “Corporate Entities”, and each a “Corporate Entity”) under Part XIA of the […]