Flipping your startup to Singapore 101

Mar 29

Flipping your startup to Singapore 101

Startup founders from South and South East Asia are often asked by their incoming investors to establish a HoldCo in Singapore. Futurebooks as experienced Company Secretaries have assisted numerous startups accomplish this by rolling up their IP, existing OpCo, investors and ESOPs into a newly established Singapore parent. Let’s dive into the nitty gritty.   Step 1:...

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Is Singapore Business Federation [SBF] Membership compulsory?

Mar 28

Is Singapore Business Federation [SBF] Membership compulsory?

Startup FAQs – Is Singapore Business Federation [SBF] membership compulsory? Startups that receive a funding round, and update their paid up capital to S$500,000 or its equivalent, are often unpleasantly surprised to receive a notice from the Singapore Business Federation that they have been mandatorily conscripted into the federation, and are now obliged to pay annual fees that...

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Balance requirements of two major banks in Singapore for BVI and Singapore incorporated companies

Mar 26

Balance requirements of two major banks in Singapore for BVI and Singapore incorporated companies

Quick overview of balance requirements by two major banks in Singapore for companies incorporated in Singapore and the British Virgin Islands. This list is updated as of March 2019. Jurisdiction of company incorporation : Singapore 🇸🇬 Bank SGD account USD account OCBC S$5,000 (waived for first six months) US$1,000 (waived for first six months) UOB S$10,000 US$8,000  ...

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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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