admin, Author at Biztree Management

By -admin

Why register holding company in Singapore

Posted on August 18, 2023
Posted in Company Registration Guide

What is holding company? A holding company is a company that controls: The composition of the board of directors of another company (also known as the subsidiary company); or More than half of the voting power of the subsidiary company. An ultimate holding company is a holding company that is not itself a subsidiary of

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Is Director consider Company Employee

Posted on July 4, 2023
Posted in Company Director and shareholder, Company Registration Guide

There is 2 important role in every Pte Ltd : director and shareholder Shareholder is consider as company investor. They agreed to invest certain amount of fund in return for share. Their main objective is hoping good return from their investment. Whereas director is the one who run the dairy operation of the company which

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Common Mistake during Company Registration

Posted on May 24, 2023
Posted in Company Registration Guide

Spelling Mistake First step to start entreprenuer journey is choose of company name . Must avoid any name with confusing spelling : example : Management may decide to have ABC SG Ptd Ltd instead of ABC Singapore Pte Ltd Registered address Do not confuse registered address with mailing address . Related article : Different type

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Resignation Director vs Removal of Director

Posted on April 12, 2023
Posted in Company Director and shareholder

Resignation director is a process where director is sending their intention to leave the board. Reason can be any of the following : health issue better opportunities retirement How to proceed ? As long as company received notice of resignation then resolution to approve his resignation will be prepared. Resignation of director will take effect

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Can director hold directorship for different company

Posted on March 3, 2023
Posted in Company Director and shareholder, Company Registration Guide

Yes, Companies Act allowed director to hold position for more than 1 company as long as there is NO conflict of interest between the relevant companies. Relevant director must remember that all director owned fiduciary director to each Company. Failure to do so may caused court case. Sample case : Hyflux However there is DIFFERENT

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Checklist for Non resident to register Singapore company

Posted on September 23, 2022
Posted in Company Registration Guide

Being Non resident ( foreigner) , how should we register company in Singapore ? Are we qualified to do so ? Following outline the basic requirement . Stage 1 To decide type of Company intend to be set up? Related Article : Are you on the right choose of Pte Ltd Company ? Stage 2

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How director making decision

Posted on August 23, 2022
Posted in Company Director and shareholder

Director is the one who engaged to run the company, how should director make decision in comply with company act especially if there is more than 1 director on board ? Type of decision : change bank signing mandate change registered address getting loan from Bank change company objective change supplier How to make decision

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Important date for Pte Ltd Company

Posted on July 22, 2022
Posted in Company Registration Guide, Company's Compliance matters

What is the date you need to remember or is important for compliance purpose ? DATE OF INCORPORATION (DOI) Is important because based on date of incorporation you can decide financial year end . Example : DOI is 23 June 2022 12 months later will be 30 May 2023 which will be your 1st financial

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Is director consider self employed

Posted on June 13, 2022
Posted in Company Director and shareholder

. Every Pte ltd have list of appointed officer ( director, company secretary , auditor ) and each of them holding different responsible role towards company . List of officer is engaged under Company name and in return company paying salary/ services fees for their services . Question : Is director consider self employed ?

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Non resident Director who received director fees

Posted on May 17, 2022
Posted in Company Director and shareholder

Who is consider as Non resident director ? Non resident director refer to someone who do NOT have legal visa to stay long in Singapore . or who stay in Singapore LESS THAN 183 days Is Employment Pass holder consider as Non resident director ? No, because they have valid working visa in Singapore .