31 Mar '17, 10am

Doing Business in #Singapore is easy! See latest amendments to the Companies Act

Companies including small-and-medium enterprises (SMEs), will benefit from some of the changes. In particular, the compliance cost will be reduced for private companies which will be exempted from holding annual general meetings (AGMs), subject to specified safeguards. To reduce the administrative burden, the timelines for companies to hold AGMs and file annual returns will also be simplified. To further boost Singapore’s competitiveness as a business hub, an inward re-domiciliation regime, which allows foreign corporate entities to transfer their registration to Singapore, will be introduced. To uphold Singapore’s reputation as a trusted and clean financial hub, the ownership and control of business entities will be made more transparent with all companies and LLPs, unless exempted, required to obtain and maintain beneficial ownership information.

Full article: https://www.acra.gov.sg/CA_2017/

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