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When incorporating, entrepreneurs can choose from various business vehicles, but the Private Limited Company (Pte Ltd) is by far the most popular. Why? Separate Legal Entity: The company exists as a distinct legal individual. It can own property, enter contracts, and sue or be sued in its own name. Limited Liability: Shareholders are not personally liable for the company's debts or losses beyond their invested share capital.Tax Efficiency: Pte Ltd companies gain access to Singapore's lucrative corporate tax incentives and exemptions, whereas sole proprietorships are taxed at higher individual income rates.

Incorporating is easy; staying compliant keeps you alive. Every Singapore company must meet annual statutory requirements to avoid penalties from ACRA and IRAS:

  • Annual General Meeting (AGM): Listed companies must hold an AGM within 4 months of their FYE, while private companies must hold it within 6 months.

  • Annual Returns (AR): Must be filed with ACRA within 5 or 7 months after the FYE, depending on whether the company is listed or not.

  • Estimated Chargeable Income (ECI): Filed with IRAS within 3 months of the financial year-end, unless the company qualifies for an ECI filing waiver.