corpsec

corpsec

  • Joined: April 11, 2020
  • Articles: 56

How To Close a Dormant Company in Singapore: A Complete Guide

A business professional standing at an office window with a laptop, notebook, and documents on the desk in the foreground, representing a business owner considering company closure decisions in Singapore

Keeping a dormant company on the books costs money, time, and administrative effort. When a Singapore company has stopped trading and there are no plans to revive it, closing it properly is often the smartest move.

However, the closure process is not always straightforward. Many business owners face confusion about eligibility requirements, outstanding obligations, and which closure method to choose. This guide walks through everything business owners need to know about closing a dormant company in Singapore.

How To File Corporate Tax in Singapore: A Complete Step-by-Step Guide

Business professional filing corporate tax return on laptop in Singapore office

Singapore's corporate tax system is widely regarded as one of the most business-friendly in the world, with a competitive headline rate of 17%. However, the filing process can be complex for business owners unfamiliar with the Inland Revenue Authority of Singapore (IRAS) requirements. Missing deadlines or submitting inaccurate returns can result in penalties that impact both cash flow and compliance standing. 

This guide breaks down the corporate tax filing process in Singapore, covering timelines, required documentation, and common pitfalls that companies should be aware of.

Corporate Service Providers in Singapore: What Every Business Owner Must Know in 2026

Business owners discussing corporate service needs with calculator.

This guide cuts through the noise. Whether you're setting up your first company in Singapore, expanding from overseas, or reviewing your current provider, you'll find exactly what you need here: a plain-English explanation of what corporate service providers (CSPs) actually do, what changed under the Corporate Service Providers Act 2024, a practical checklist for evaluating any provider, and the red flags that should make you walk away.

How to Find an Accountant for Your Small Business in Singapore

Singapore skyline representing a business location

Finding the right accountant can make a significant difference for your small business in Singapore. From managing day-to-day bookkeeping to ensuring compliance with tax and financial reporting regulations, a qualified accountant helps streamline operations and supports informed decision-making. In this article, we break down how to find an accountant for a small business in Singapore based on your needs, industry, and available technology. Learn what to look for in credentials, tools, and advisory support, and explore services like small business accounting and GST registration to stay compliant and financially secure.

Singapore Audit Requirements: A Complete Guide for Companies

Woman reviewing financial documents for Singapore audit requirements.

Understanding Singapore’s audit requirements is essential for companies aiming to stay compliant and avoid penalties. Not all companies need to undergo audits, those classified as small may be exempt based on financial thresholds such as revenue, assets, and employee count. However, all businesses must maintain accurate financial records and comply with annual return deadlines. This article explains statutory audit obligations, exemption criteria, and the consequences of non-compliance. Discover how services like bookkeeping and payroll outsourcing in Singapore can support your audit readiness and long-term business compliance.

What Are the Key Corporate Secretary Duties and Responsibilities in Singapore?

Professionals reviewing documents and a tablet.

In Singapore, every company must appoint a corporate secretary within six months of incorporation. This article outlines the core corporate secretary duties and responsibilities, such as maintaining statutory registers, filing with ACRA, managing board meeting minutes, and ensuring compliance with legal requirements. Discover how corporate secretaries support governance and help companies meet statutory obligations effectively.

Setting Up a Company in Singapore: The Ultimate Step-by-Step Guide

Singapore skyline representing business location.

Setting up a company in Singapore is exciting, but it’s also full of small compliance details that can cause big delays later (bank account rejections, missed filing deadlines, or unnecessary costs).

In this guide, we’ll show you how to set up a company in Singapore step-by-step, from choosing a business structure to registering with ACRA via BizFile+, and what you MUST do after incorporation (the part most founders accidentally ignore).

Tax Exemption vs. Tax Evasion in Singapore – What’s the Difference?

Woman with hands full of coins

Discover the fine line between tax exemption and tax evasion in Singapore. This comprehensive guide explains how businesses and individuals can legally minimise tax liabilities using government-sanctioned exemptions while avoiding illegal tax evasion practices. Learn about tax deductions, corporate tax benefits, and real-world tax evasion cases handled by IRAS. Stay compliant with Singapore’s tax laws and ensure your financial decisions are risk-free. Let Accountancy Hub help you navigate tax exemptions and compliance with expert tax advisory services.

Singapore Audit Requirements: Is Your Startup Eligible?

inland revenue authority of singapore logo

Launching a startup in Singapore? Learn everything you need to know about Singapore audit requirements, from exemption criteria to mandatory audits under the Companies Act. This comprehensive guide by Accountancy Hub Singapore explains how small companies can qualify for audit exemption, the role of IRAS, common misconceptions, and why voluntary audits can benefit even exempt startups. Discover the audit thresholds, legal compliance tips, and when an audit becomes necessary for funding, grants, or expansion. Stay compliant and confident with expert insight tailored for new businesses.