Counto

APRIL 7, 2024

Incorporate a Pte Ltd Company: Reserve a unique company name for your Pte Ltd company through the ACRA’s BizFile+ portal. Prepare incorporation documents, including the Memorandum and Articles of Association and Form 45. File the conversion application with ACRA, submit necessary documents, and pay the conversion fee.

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Counto

JANUARY 6, 2024

How to apply for a Certificate of Incorporation When venturing into the world of business, especially in Singapore, you’ll come across various terms and documents that might seem confusing at first. One such crucial document is the Certificate of Incorporation. What Is a Certificate of Incorporation?

Collections 52

Collections Accounting Accounting 52

Counto

MAY 4, 2024

Business Incorporation and Registration Before diving into the world of gastronomy, the initial step is to legally establish your business. Here’s how you can get started: Incorporate Your Business: Register your restaurant as a private limited company or sole proprietorship with the Accounting and Corporate Regulatory Authority (ACRA).

Tax 52

Tax Accounting Accounting 52

Counto

FEBRUARY 12, 2024

You must provide an office address when you submit an application to incorporate a local company. While traditional office setups entail substantial costs, Counto offers a pragmatic solution through our foreigner incorporation package. Summary A registered office address is crucial when setting up a company in Singapore.

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Counto

MAY 8, 2024

Director and Secretary Appointments: Appoint at least one resident director and a company secretary within six months of incorporation. Discover more about our cost-effective incorporation packages here. Physical Office: Secure a registered office address in Singapore.

Financial Accounting 52

Financial Accounting Tax Accounting Accounting 52

Counto

FEBRUARY 12, 2024

9 Common Mistakes to Avoid During Company Incorporation in Singapore In the bustling business landscape of Singapore, company incorporation is a strategic move for entrepreneurs seeking to establish a foothold in the region’s vibrant economy.

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Counto

APRIL 9, 2024

For entrepreneurs looking to incorporate a business, a private limited company (Pte Ltd) offers a more robust and scalable business structure. Incorporation Process: Prepare required incorporation documents and submit them to ACRA. What is a Private Limited Company (Pte Ltd)? Often, the sole proprietor becomes both.

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Counto

MAY 3, 2024

Selecting Your Company’s FYE When incorporating in Singapore, you have the flexibility to determine your FYE. You can choose common fiscal year-ends like March 31, June 30, September 30, or December 31, or set it based on your company’s incorporation anniversary.

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Counto

FEBRUARY 17, 2024

What Registered Filing Agents Can Do for You Company Incorporation: Foreign entrepreneurs seeking to establish a business entity in Singapore must engage registered filing agents to facilitate the incorporation process. Their expertise ensures continuous compliance and regulatory adherence throughout a company’s lifecycle.

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Counto

MAY 9, 2024

Discover more about our cost-effective incorporation packages here. Summary Incorporating a retail outlet in Singapore involves careful planning, adherence to regulations, and strategic execution. Our team of seasoned compliance professionals expertly handles everything from company registration to tax filing at unbeatable rates.

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Counto

JANUARY 11, 2024

Offshore companies, often incorporated in jurisdictions different from their principal place of operation, offer numerous advantages, including tax benefits, simplified reporting requirements, and more. Why Incorporate a Singapore Offshore Company? Reduced Tax Liability: Singapore boasts a straightforward and low tax system.

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Counto

JANUARY 9, 2024

Understanding Paid-Up Capital for Newly Incorporated Companies in Singapore Paid-up capital plays a pivotal role in shaping the financial landscape of a company. Minimum Paid-Up Capital Requirements Generally, the minimum paid-up capital required to incorporate a company in Singapore is just S$1.

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Counto

FEBRUARY 12, 2024

What is Know Your Customer (KYC) for Company Incorporation? To counter these risks, Singapore has implemented stringent Know Your Customer (KYC) regulations for company incorporation. To counter these risks, Singapore has implemented stringent Know Your Customer (KYC) regulations for company incorporation. What is KYC?

Payroll 52

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Counto

APRIL 10, 2024

All companies, regardless of their incorporation date, can enjoy: A 75% exemption on the first $10,000 of normal chargeable income. Case Study and Expert Insights Consider a hypothetical company incorporated on 1st April 2022, with various key dates and obligations ahead. An additional 50% exemption on the subsequent $190,000.

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Counto

MARCH 13, 2024

Compliance and Governance Once incorporated, a private limited company must fulfill ongoing compliance requirements, such as filing annual returns and financial statements with ACRA. Registered Office Address: A commercial business address in Singapore is mandatory for company registration.

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Counto

FEBRUARY 7, 2024

From incorporating your entity to managing taxes and annual returns, this comprehensive guide sheds light on the essential steps to ensure compliance and success in your inaugural year. Month 0: Incorporating the Business The journey begins with registering the business entity.

Corporation Tax 52

Corporation Tax Payroll Financial Statements Accounts Payable 52

Counto

APRIL 3, 2024

Subsidiary Company Considered a locally incorporated private limited company. Using an incorporation service as an extension of your team Setting up a company in Singapore can be challenging, but with professional support, it can be simple. Allows full foreign ownership, offering flexibility in shareholding.

Tax 52

Tax 52

Counto

JANUARY 9, 2024

Under this scheme, newly-incorporated companies in Singapore enjoy significant tax exemptions for their first three consecutive Years of Assessment (YAs) following their incorporation. Consequently, two companies incorporated on the same day may have different first YAs. Partial Tax Exemption Scheme (PTE) Who’s eligible?

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Counto

MAY 2, 2024

Consider outsourcing to a professional company incorporation service such as Counto for expert guidance. Using an incorporation service as an extension of your team Setting up a company in Singapore can be challenging, but with professional support, it can be simple. Secure the necessary capital and open a corporate bank account.

Tax 52

Tax Accounting Accounting 52

Counto

JANUARY 8, 2024

To register a RO, submit an application to Enterprise Singapore with the following documents: Soft copy attachment (in English or an official English translation) of the foreign entity’s Certificate of Incorporation or Registration Certificate (as applicable). Soft copy attachments of the foreign entity’s latest Audited Accounts.

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Counto

JANUARY 17, 2024

12 Compliance Tips for Singapore Company Incorporation Starting a new business in Singapore is an exciting venture, but it comes with a set of crucial compliance requirements that must be adhered to. Otherwise, you need to appoint an auditor within 3 months from the date of incorporation.

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Accounting Tools

SEPTEMBER 30, 2023

It is also incorporated into the concept of earnings per share , where the net profits of a publicly-held company are divided by the number of shares outstanding to arrive at an earnings per share figure. Related Articles The Difference Between Expenses and Losses The Difference Between Income and Profit

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Bookkeeping 75

Counto

FEBRUARY 22, 2024

Determining the FYE As stated in the Singapore Companies Act, the fiscal year typically commences on the day of company incorporation and concludes on a date chosen by the company. Businesses commonly select dates for the end of the financial year to be March 31st, June 30th, September 30th, or December 31st.

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Financial Analysis Financial Statements AR Tax 52

Counto

FEBRUARY 20, 2024

Using an incorporation service as an extension of your team Setting up a company in Singapore can be challenging, but with professional support, it can be simple, Counto’s mission is to support your new business, take away the complexities of compliance, and save you time and money throughout the year.

Corporation Tax 52

Corporation Tax Payroll Tax Accounting 52

Accounting Tools

MAY 4, 2024

The company may have incorporated a deposit in transit into its book balance, but the bank has not yet processed it, so it does not appear in the bank balance. Deposits in transit. Unrecorded fees. The company or the bank may have erroneously recorded a transaction , which results in an unresolved difference between the two balances.

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General Ledger Bank Reconciliation Deposits Reconciling 40

Accounting Tools

APRIL 16, 2023

Related Courses C Corporation Tax Guide S Corporation Tax Guide Types of Business Entities What is Incorporation? Incorporation is the steps required to create a corporation. The entity must also have articles of incorporation. Advantages of Incorporation Incorporation is highly advantageous, for several reasons.

Corporation Tax 40

Corporation Tax Tax 40

Counto

JANUARY 7, 2024

Understanding the Company Constitution A company constitution, sometimes referred to as the articles of association, is a written document that governs the internal affairs of a company. In this guide, we’ll explore what a company constitution is, its importance, and how to draft one effectively.

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Counto

MAY 4, 2024

Discover more about our cost-effective incorporation packages here. Using an incorporation service as an extension of your team Setting up a company in Singapore can be challenging, but with professional support, it can be simple. Speak to us directly on our chatbot, email us at hello@mycounto.com, or contact us using this form.

Auditing 52

Auditing Tax 52

Accounting Tools

MAY 13, 2024

Does not incorporate future changes. Related Articles Cash Flow Adequacy Ratio Defensive Interval Ratio Degree of Relative Liquidity Doomsday Ratio Liquidity Index Solvency Ratio It assumes that a ratio of 1 is good, when in reality, that is (at best) zero profitability. Does not use net revenue. False cash flow equivalence.

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Financial Statements Accounting Accounting 40

Accounting Tools

SEPTEMBER 11, 2023

A foreign corporation is a corporation that is registered to do business in a state other than the one in which it was incorporated. Related Articles Characteristics of Corporations Corporation Advantages and Disadvantages

Corporation Tax 40

Corporation Tax Tax 40

Accounting Tools

JANUARY 22, 2024

In reality, par value is routinely set at the minimum possible amount, and is not even required under the incorporation laws of some states. Par value is technically the legal price below which a share of stock cannot be sold. Thus, par value is irrelevant in most cases.

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Accounting Tools

SEPTEMBER 27, 2023

A domestic corporation is typically able to do business in all other states of its home country without any requirement for additional incorporation. Example of a Domestic Corporation ABC International incorporates in the state of Kansas. Related Articles Characteristics of Corporations Corporation Advantages and Disadvantages

Corporation Tax 40

Corporation Tax Tax 40

Counto

JANUARY 16, 2024

Patent your innovation Consult a company incorporation service to explore strategies for safeguarding your intellectual property (IP). Register Your Company Either visit the ACRA website to register your company, or outsource your company registration in Singapore to a professional company incorporation firm like Counto.

Corporation Tax 52

Corporation Tax Tax Accounting Accounting 52

Counto

JANUARY 8, 2024

Thinking of Changing Your Company’s FYE After Incorporation in Singapore? In this comprehensive guide, we’ll walk you through the process of changing your company’s FYE after incorporation in Singapore. One such adaptation might involve changing your company’s Financial Year End (FYE) in Singapore.

Financial Statements 52

Financial Statements Tax Accounting Accounting 52

Counto

JANUARY 6, 2024

A Beginner’s Guide to Understanding Shares and Share Classes for Startups Incorporating a new company can be both exciting and challenging. Incorporating a company in Singapore necessitates specifying the total capital contributed by shareholders through the issuance of shares. Time is money.

Tax 52

Tax Accounting Accounting 52

Accounting Tools

APRIL 12, 2024

It is more of a concern for larger multi-national businesses, and especially those that have changed the country in which they are incorporated. Related AccountingTools Courses Foreign Currency Accounting The Interpretation of Financial Statements Related Article Foreign Currency Translation In this case, U.S.

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Financial Statements Accounting Accounting 40

Counto

FEBRUARY 13, 2024

Creating a Dormant Company in Singapore Incorporating a dormant company follows standard procedures, with dormancy status determined based on subsequent business activities. Q4: My company is newly incorporated and has been dormant since incorporation. A dormant status offers advantages due to reduced filing obligations.

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