Once your company is incorporated, the work has only just begun. Singapore has strict statutory filing requirements, and failing to comply can result in significant penalties. The government has also removed the grace period for late filings, making timeliness more critical than ever.
Your compliance checklist includes:
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Holding Annual General Meetings (AGM): Your first AGM must be held within 18 months of incorporation. Subsequent AGMs must be held every calendar year with no more than 15 months between them.
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Filing Annual Returns (AR): You must file your annual return with ACRA within one month after your AGM.
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Filing Estimated Chargeable Income (ECI): You must file your ECI with IRAS within three months after your financial year end.
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Maintaining Registers: You are required to maintain electronic registers of members, directors, secretaries, and controllers (RORC), which must now be lodged with ACRA at the point of incorporation
