As Singapore moves to embark on an endemic COVID-19 path, the impact of the coronavirus has no doubt let to a decline in small local business start-ups. This caused a contraction in the Singapore economy. Start-ups may be small, but they create ripples in the economy that can disrupt or change people’s way of living. Start-ups are the engines of growth for any economy and to avoid economic stagnation, steps, methods or processes must be sought and implemented to foster competition and facilitate transformational entrepreneurs.
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So you have successfully incorporated your company in Singapore, but when it comes to legal matters associated with your start-up business, it is wise that your proceed with caution. This blog article aims to lighten the load off your shoulders by highlighting some important legal tips you should know and keep in mind.
ACRA’s legislative amendments targeted to be implemented by the first half of 2018.
Aligning corporate compliance timelines to the Financial Year End (FYE). The timelines for holding Annual General Meetings (AGMs) and Annual Returns (AR) filing will be aligned with the company’s FYE. This will provide a greater clarity and improve the companies’ compliance requirements as stated in the Companies Act. |
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