Archives: Business Types

Business Type news and reviews

Public Listed

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Public Listed

PUBLIC LISTING

Public Listed Companies in Singapore

Private companies in Singapore have the option to transform their business into a publicly traded company through a process known as Initial Public Offering (IPO). This milestone transformation that some private companies in Singapore choose to undergo can be propelled by many reasons such as raising capital, enhancing the status and financial standing of the company, and increasing the public awareness and interest in the company, its products and services.

Companies that are ready to go public have progressed beyond their initial development startup phase to a certain magnitude. These companies have become profitable and are on route for further significant growth.

How can you ensure a successful listing process?

2018-10-09
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Evaluation at the planning phase

  • Financial performance, track record of growth and long-term business plan
  • Market conditions and options available
  • Requirements for corporate reorganisation
  • Availability of the appropriate resources and quality
2018-10-09
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Preparation phase

  • Assemble the appropriate management and finance team
  • Construct financial and operational infrastructure
  • Establish corporate governance structure
  • Prepare an investor relations and public relations strategies
  • Appoint professionals and advisers
  • Correct the financial statements and address the accounting and tax issues
  • Plan the IPO timetable
2018-10-09
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Execution stage

  • Draft the prospectus
  • Complete the corporate reorganisation
  • Prepare financial information
  • Recruit non-executive board members and audit committee members
  • Firm up on pricing and valuations
2018-10-09
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Realisation stage

  • Submit and lodge prospectus with the authorities and regulators
  • Answer queries and concerns of the authorities and regulators
  • Conduct the IPO road shows
  • Launch the IPO
Get Immediate Assistance

Public Listed Service Needs

  • incorporation Incorporation
  • complliance Compliance
  • Payroll Payroll
  • Expansion Expansion
  • Employee Care Employee Care
  • Shareholder Care Shareholder Support
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  • Incorporation

    BoardRoom works closely with businesses to help them through every phase of incorporation to ensure that businesses owners are equipped with all the knowledge they need. Just as BoardRoom is dedicated to your business success, we dedicate experts to business owners and ensure clear communications and single-point contact. Our services are backed with over 50 years of experience that translates to a smooth incorporation process.

    Learn More

  • Compliance

    Our efficient team of experts that are located across five regions will keep your business in complete compliance with the local statutory obligations. With over 50 years of experience, we understand the regional compliance landscape like the back of our hand. Our process that has weathered decades of trials and test ensures that accuracy is a staple in our delivery.

    Learn More

  • Payroll

    Our automated systems are quick, simple, and convenient to help you achieve efficient and prompt disbursement of statutory contributions. Our qualified experts, located across five regions, will keep your payroll in complete compliance with the local statutory obligations. Payboard, our exclusive aggregator model, is a flexible tool that has payroll, leave, and claims functionality. Work together with our experts to ensure it meets all your requirements.

    Learn More

  • Expansion

    Our regional and global work has led us to build an international network of 19 partners that help us to fulfill your expansion project. Our team of experts will be with you every step of the way to provide insightful growth advice 24/7. Our experts make expansion quick, simple, and convenient with immediate processing and hasty implementation to establish your business locally or globally.

    Learn More

  • Employee Care

    BoardRoom takes care of every aspect of your Employee Care — Implementation, Administration, and Engagement. We cover all facets of employee care, which includes pay, incentive, share plan, and more. Our award-winning and intuitive software, Employee Serve and Client Online, is designed to provide secure and hassle-free access to plan holdings, employee forms, and corporate information.

    Learn More

  • Shareholder Support

    Our years of organising shareholder events, such as AGMs, allow us to deliver consistent and swift proceedings that are private and discreet. Our highly customisable poll-voting platform and flexible system can effortlessly adapt to meet the agendas of companies to deliver tailored results. Our track record is backed by 50% of companies listed on SGX-ST through our years of dedication to meet shareholder’s

    Learn More

Get in touch with our expert today!








    Business Information





    [hidden utm_content name="utm_content" value="%s"]






    [honeypot honeypot-134]

    victor-lai

    YOUR POINT OF CONTACT

    Victor Lai

    Regional Managing Director, Boardroom Corporate & Advisory Services

    Private Limited

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    Private Limited

    Private Limited

    Incorporating a Private Limited Company in Singapore

    Private Limited Company (‘Pte Ltd’) is the most common type of company, which is limited by shares. The company may be registered with one shareholder. The shareholder can be either an individual or a corporation and there is no requirement for the shareholder to be a Singapore resident. The shareholder is liable to the amount, if any, unpaid on the shares issued to them. There is no minimum requirement for capital.

    Facts to note about a Private Limited Company.

    2018-10-09
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    Definition: A business form which is a legal entity separate and distinct from its shareholders and directors

    2018-10-09
    Private Limited Line 2

    Owned by:

    • Exempt Private Company –20 members or less and no corporation holds beneficial interest in the company’s shares
    • Private Company – 50 members or less
    2018-10-09
    Private Limited Line 3

    Legal Status:

    • A separate legal entity from its members and directors
    • Members have limited liability
    • Can sue or be sued in company’s name
    • Can own property in company’s name
    • Members not personally liable for debts and losses of company
    2018-10-09
    Private Limited Line 4

    Registration Requirements:

    • At least one shareholder
    • At least one director ordinarily resident in Singapore, at least 18 years old
    • If a foreigner wishes to act as a local director of the company, he can apply for an EntrePass from the Ministry of Manpower
    • Undischarged bankrupts cannot be a director and cannot manage a company without approval from the Court or the Official Assignee.
    2018-10-09
    Private Limited Line 5

    Formalities and Expenses:

    • More costly to set up and maintain
    • More formalities and procedures to comply with
    • Must appoint a company secretary within six months of incorporation
    • Must appoint an auditor within three months after incorporation unless the company is exempt from audit requirements
    • Annual Returns must be filed. Statutory requirements for general meetings, directors, company secretary, share allotments, etc. must be complied with.
    2018-10-09
    Private Limited Line 6

    Taxes:

    • Profits taxed at corporate tax rates
    2018-10-09
    Private Limited line 7

    Continuity in Law:

    • A company has perpetual succession until wound up or struck off
    2018-10-09
    Private Limited line 8

    Closing the Business:

    • Winding Up – Voluntarily by members or creditors, compulsorily by the High Court
    • Striking off
    Get Immediate Assistance

    Private Limited Service Needs

    • incorporation Incorporation
    • complliance Compliance
    • Payroll Payroll
    • Expansion Expansion
    • Employee Care Employee Care
    • Shareholder Care Shareholder Support
    arrow
    arrow

    • Incorporation

      BoardRoom works closely with businesses to help them through every phase of incorporation to ensure that businesses owners are equipped with all the knowledge they need. Just as BoardRoom is dedicated to your business success, we dedicate experts to business owners and ensure clear communications and single-point contact. Our services are backed with over 50 years of experience that translates to a smooth incorporation process.

      Learn More

    • Compliance

      Our efficient team of experts that are located across five regions will keep your business in complete compliance with the local statutory obligations. With over 50 years of experience, we understand the regional compliance landscape like the back of our hand. Our process that has weathered decades of trials and test ensures that accuracy is a staple in our delivery.

      Learn More

    • Payroll

      Our automated systems are quick, simple, and convenient to help you achieve efficient and prompt disbursement of statutory contributions. Our qualified experts, located across five regions, will keep your payroll in complete compliance with the local statutory obligations. Payboard, our exclusive aggregator model, is a flexible tool that has payroll, leave, and claims functionality. Work together with our experts to ensure it meets all your requirements.

      Learn More

    • Expansion

      Our regional and global work has led us to build an international network of 19 partners that help us to fulfill your expansion project. Our team of experts will be with you every step of the way to provide insightful growth advice 24/7. Our experts make expansion quick, simple, and convenient with immediate processing and hasty implementation to establish your business locally or globally.

      Learn More

    • Employee Care

      BoardRoom takes care of every aspect of your Employee Care — Implementation, Administration, and Engagement. We cover all facets of employee care, which includes pay, incentive, share plan, and more. Our award-winning and intuitive software, Employee Serve and Client Online, is designed to provide secure and hassle-free access to plan holdings, employee forms, and corporate information.

      Learn More

    • Shareholder Support

      Our years of organising shareholder events, such as AGMs, allow us to deliver consistent and swift proceedings that are private and discreet. Our highly customisable poll-voting platform and flexible system can effortlessly adapt to meet the agendas of companies to deliver tailored results. Our track record is backed by 50% of companies listed on SGX-ST through our years of dedication to meet shareholder’s

      Learn More

    Get in touch with our expert today!








      Business Information





      [hidden utm_content name="utm_content" value="%s"]






      [honeypot honeypot-134]

      victor-lai

      YOUR POINT OF CONTACT

      Victor Lai

      Regional Managing Director, Boardroom Corporate & Advisory Services

      Startup

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      Startup

      STARTUP

      Incorporating Your Startup in Singapore

      A startup is a term commonly used to define a young company in its developing phase. Such companies are usually small and initially financed and operated by a single or handful of founders. A startup would offer products or services that are not currently being offered elsewhere within the market or that the founder(s) believes could be offered much better.

      How do you incorporate your startup in Singapore?

      2018-10-09
      startup line 1

      First have your company’s business name approved.

      2018-10-09
      startup line 2

      Decide on which type of company to incorporate. It can either be private or public. Most startup would fall within the category of private (Private company <50 shareholders).

      2018-10-09
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      Should your company have 20 or less shareholders who are not corporations, you may choose to set up an Exempt Private Company (Certain Exempt Private Companies need not lodge their financial accounts with ACRA).

      2018-10-09
      startup line 4

      Acquire headcount to fill certain positions (One director >18 years old.)

      2018-10-09
      startup line 5

      Most commonly the director would be a Singapore resident but there are other times, an E-pass holder could also become a director, subjected to the Ministry of Manpower’s Laws.

      2018-10-09
      startup line 6

      <6 months of incorporation, the company is required to appoint a company secretory who is residing in Singapore, not the sole director of the company and meets the minimum qualification according to ACRA.

      2018-10-09
      startup line 7

      Appoint an auditor <3 months of incorporation unless your company meets the requirements for exemption from statutory audit.

      2018-10-09
      startup line 8

      If you are a foreigner in Singapore, you are required to appoint a local director and also engage the services of a registered filing agent to submit the online application on your behalf.

      2018-10-09
      startup line 9

      All companies in Singapore are required to submit their Company Constitution to ACRA which lists:

      • Key characteristics of the company
      • Rules and regulations of how it is to be internally governed
      • How operations are carried out
      • Stipulates rights and obligations of its participants including shareholders, directors, and company secretaries.
      2018-10-09
      startup line 10

      Once your company has all of the information ready, log on to Bizfile to submit an application to incorporate the company.

      • The fees involved in incorporating a company are:
        • Registration Fee: SGD$300
        • Business Name Application: SGD$15
        • All shareholders, directors, and company secretaries cited in your application must endorse their application online within 120 days of your application.
      Get Immediate Assistance

      Startup Service Needs

      • incorporation Incorporation
      • complliance Compliance
      • Payroll Payroll
      • Expansion Expansion
      • Employee Care Employee Care
      • Shareholder Care Shareholder Support
      arrow
      arrow

      • Incorporation

        BoardRoom works closely with businesses to help them through every phase of incorporation to ensure that businesses owners are equipped with all the knowledge they need. Just as BoardRoom is dedicated to your business success, we dedicate experts to business owners and ensure clear communications and single-point contact. Our services are backed with over 50 years of experience that translates to a smooth incorporation process.

        Learn More

      • Compliance

        Our efficient team of experts that are located across five regions will keep your business in complete compliance with the local statutory obligations. With over 50 years of experience, we understand the regional compliance landscape like the back of our hand. Our process that has weathered decades of trials and test ensures that accuracy is a staple in our delivery.

        Learn More

      • Payroll

        Our automated systems are quick, simple, and convenient to help you achieve efficient and prompt disbursement of statutory contributions. Our qualified experts, located across five regions, will keep your payroll in complete compliance with the local statutory obligations. Payboard, our exclusive aggregator model, is a flexible tool that has payroll, leave, and claims functionality. Work together with our experts to ensure it meets all your requirements.

        Learn More

      • Expansion

        Our regional and global work has led us to build an international network of 19 partners that help us to fulfill your expansion project. Our team of experts will be with you every step of the way to provide insightful growth advice 24/7. Our experts make expansion quick, simple, and convenient with immediate processing and hasty implementation to establish your business locally or globally.

        Learn More

      • Employee Care

        BoardRoom takes care of every aspect of your Employee Care — Implementation, Administration, and Engagement. We cover all facets of employee care, which includes pay, incentive, share plan, and more. Our award-winning and intuitive software, Employee Serve and Client Online, is designed to provide secure and hassle-free access to plan holdings, employee forms, and corporate information.

        Learn More

      • Shareholder Support

        Our years of organising shareholder events, such as AGMs, allow us to deliver consistent and swift proceedings that are private and discreet. Our highly customisable poll-voting platform and flexible system can effortlessly adapt to meet the agendas of companies to deliver tailored results. Our track record is backed by 50% of companies listed on SGX-ST through our years of dedication to meet shareholder’s

        Learn More

      Get in touch with our expert today!








        Business Information





        [hidden utm_content name="utm_content" value="%s"]






        [honeypot honeypot-134]

        victor-lai

        YOUR POINT OF CONTACT

        Victor Lai

        Regional Managing Director, Boardroom Corporate & Advisory Services

        MNC

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        MNC

        MNC

        MNCs In Sinagpore

        Singapore is strategically located with a thriving economy fuelled by a stable political environment, skilled workforce and world-class infrastructure. The sunny island nation with its exceeding qualities continues to establish itself as one of the best places to establish a base within the Asia-pacific region. For multinational corporations (MNCs) looking to establish a base within the Asia-Pacific region, Singapore offers a multitude of salient reasons that are designed to help your corporation achieve success.

        Why Should MNCs set up in Singapore?

        2018-10-09
        Mnc Line 1

        INCENTIVES FOR HEADQUARTERS

        Singapore Economic Development Board offers Regional Headquarters and International Headquarters incentives.

        • RHQ Incentives
          • Concessionary Singapore tax rate of 15% for up to five years for qualifying income arising from activities and operations carried out within the country
          • RHQ using Singapore as an international intellectual property holding location may claim writing-down allowance (WDA) for the cost of acquisition of IP.
        • IHQ Incentives
          • Concessionary Singapore tax rate of 0% to 10% for up to five years for qualifying income arising from activities and operations carried out within the country.
        2018-10-09
        MNC line 2

        ATTRACTIVE TAX SYSTEM

        • Progressive tax system
        • Corporate and personal tax rates start at 0% and do not exceed 20%
        • Businesses that opt for Singapore company formation are entitled to a 400% tax deduction or option for a 60% cash payout each year
        2018-10-09
        Mnc line 3

        NETWORK OF TRADE AGREEMENTS

        • Over 20 FTAs with 27 economies
        • Avoidance of double taxation agreements (71 DTAs)
        2018-10-09
        Mnc line 4

        GLOBAL TRADER PROGRAMME

        • Opportunity for high-growth medium-sized international trading companies
        • Five year renewable GTP scheme after the initial three year pear period
        2018-10-09
        Mnc line 5

        FOREIGN TAX CREDIT POOLING

        • Pooling of FTC on foreign income received
        • Flexibility for resident taxpayers in FTC claims, thereby reducing their Singapore tax payable on the remitted foreign income.
        Get Immediate Assistance

        MNCs Service Needs

        • incorporation Incorporation
        • complliance Compliance
        • Payroll Payroll
        • Expansion Expansion
        • Employee Care Employee Care
        • Shareholder Care Shareholder Support
        arrow
        arrow

        • Incorporation

          BoardRoom works closely with businesses to help them through every phase of incorporation to ensure that businesses owners are equipped with all the knowledge they need. Just as BoardRoom is dedicated to your business success, we dedicate experts to business owners and ensure clear communications and single-point contact. Our services are backed with over 50 years of experience that translates to a smooth incorporation process.

          Learn More

        • Compliance

          Our efficient team of experts that are located across five regions will keep your business in complete compliance with the local statutory obligations. With over 50 years of experience, we understand the regional compliance landscape like the back of our hand. Our process that has weathered decades of trials and test ensures that accuracy is a staple in our delivery.

          Learn More

        • Payroll

          Our automated systems are quick, simple, and convenient to help you achieve efficient and prompt disbursement of statutory contributions. Our qualified experts, located across five regions, will keep your payroll in complete compliance with the local statutory obligations. Payboard, our exclusive aggregator model, is a flexible tool that has payroll, leave, and claims functionality. Work together with our experts to ensure it meets all your requirements.

          Learn More

        • Expansion

          Our regional and global work has led us to build an international network of 19 partners that help us to fulfill your expansion project. Our team of experts will be with you every step of the way to provide insightful growth advice 24/7. Our experts make expansion quick, simple, and convenient with immediate processing and hasty implementation to establish your business locally or globally.

          Learn More

        • Employee Care

          BoardRoom takes care of every aspect of your Employee Care — Implementation, Administration, and Engagement. We cover all facets of employee care, which includes pay, incentive, share plan, and more. Our award-winning and intuitive software, Employee Serve and Client Online, is designed to provide secure and hassle-free access to plan holdings, employee forms, and corporate information.

          Learn More

        • Shareholder Support

          Our years of organising shareholder events, such as AGMs, allow us to deliver consistent and swift proceedings that are private and discreet. Our highly customisable poll-voting platform and flexible system can effortlessly adapt to meet the agendas of companies to deliver tailored results. Our track record is backed by 50% of companies listed on SGX-ST through our years of dedication to meet shareholder’s

          Learn More

        Get in touch with our expert today!








          Business Information





          [hidden utm_content name="utm_content" value="%s"]






          [honeypot honeypot-134]

          victor-lai

          YOUR POINT OF CONTACT

          Victor Lai

          Regional Managing Director, Boardroom Corporate & Advisory Services