Offshore company incorporation

Jan 12

Offshore company incorporation

Why incorporate an offshore company? For businesses looking to go global, an offshore company is a good option to take. Setting up your offshore business in known jurisdictions such as the British Virgin Islands, Cayman Islands, etc., is legal and provides a complete privacy when doing business. Apart from the confidentiality of setting up a business in an...

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Startup FAQs: Articles Of Incorporation and Registered Agent for Singapore companies

Jan 09

Startup FAQs: Articles Of Incorporation and Registered Agent for Singapore companies

There are some terms used in the US and international contexts during the company incorporation process, such as Articles Of Incorporation, that have a different terminology in Singapore. We clarify some of these terms below by highlighting their equivalents or the Companies Act standpoint in their regard. What is the equivalent of the Articles Of Incorporation in...

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Startup FAQs: Will the company name be made available immediately after ACRA strike off?

Dec 08

Startup FAQs: Will the company name be made available immediately after ACRA strike off?

Startup FAQs – Will our company name be made available for others immediately after we are struck off on ACRA? Closing a company, under the Companies (Striking Off) Regulations 2015 is the most straightforward way for a Singapore registered company to cease operations; giving founders the peace of mind that all loose ends have been tied. Once...

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Startup FAQs: Should a company specify its business activity when incorporating?

May 26

Startup FAQs: Should a company specify its business activity when incorporating?

Question: Should we have a particular set of business activity or objects when incorporating a company in Singapore? Answer: The 2004 Amendment Act of Singapore removed the need to specify Objects (i.e. specific activities) in the memorandum of association. This is in line with changes that took place around the same time in the UK as well....

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Limited Partnership vs Limited Liability Partnership

Apr 21

Limited Partnership vs Limited Liability Partnership

Limited Partnership or LP A Limited Partnership (LP) is comprised of at least one General Partner and at least one Limited Partner. This is a business vehicle introduced by ACRA in 2009. Pros and Cons of Limited Partnership A corporate body can act as a Limited Partner or General Partner Liability of Limited Partner is restricted to...

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