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Singapore Company Compliance Operation

Updated:2018-1-23 18:19:45    Source:www.tannet-group.comViews:497

A Singapore company compliance operation has been one issue that is worth consideration for every investor, because Singapore is turning out to be one of the most profitable business destinations in the world. Young entrepreneurs look at Singapore company formation as a safe option. 

Basic Maintenance for Compliance Operation
1. Appointing Company Secretary
Each company in Singapore must appoint a local resident company secretary, which should take responsibility as a company secretary.

2. GST Registration
GST Registration, also known as Value Added Tax (VAT) in many other countries, Goods and Services Tax (GST) is a consumption tax that is levied on the supply of goods and services in Singapore and the import of goods into Singapore. You should file a tax return to the relevant government authorities according to your company specific conditions.

3. Accounting Records
Accounting Records is required to keep for each Singapore company for 5 years after the completion of the transactions or operations to which they relate, which explain the financial status of the company.

4. Notification of Changes
Any changes of the company’s basic information are required to be filed with relevant government authority within the stipulated timeframe; otherwise, penalties may incur.

Contact Us
For further queries, you are welcome to contact Tannet anytime, anywhere by simply visiting Tannet’s website, or calling HongKong hotline at 852-27826888 or China hotline at 86-755-82143512, 86-755-82143181, or emailing to You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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