{"id":262,"date":"2012-11-07T10:10:54","date_gmt":"2012-11-07T02:10:54","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/new.3ecpa.com.sg\/?page_id=262"},"modified":"2026-05-05T17:07:24","modified_gmt":"2026-05-05T09:07:24","slug":"corporate-compliance-requirement","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/corporate-compliance-requirement\/","title":{"rendered":"Corporate Compliance Requirement"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n

Corporate Compliance Requirement in Singapore<\/h2>\n

Singapore attracts plenty of foreign investors each year who are ready and eager to establish a base of business in this thriving business hub. It is very important for these investors to understand and know the corporate compliance regulations and requirements in Singapore during both the pre-incorporation and post-incorporate process of setting up a business.<\/p>\n

All Singapore companies<\/a> \u00a0investors must comply with the requirements in each of the following areas listed below within the stipulated timeline as follows:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
No.<\/strong><\/td>\nDescription<\/strong><\/td>\nTimeline<\/strong><\/td>\n<\/tr>\n
1<\/td>\nAppointment of First Company Secretary<\/a><\/td>\nwithin six months from the date of incorporation<\/td>\n<\/tr>\n
2<\/td>\nAppointment of Auditor<\/a><\/td>\nwithin three months of the date of incorporation unless it is exempted from audit requirements<\/a><\/td>\n<\/tr>\n
3<\/td>\nChange of Company\u2019s and Officers\u2019 Particulars<\/td>\nwithin 14 days from the date of change<\/td>\n<\/tr>\n
4<\/td>\nStamping of transfer share agreement<\/a><\/td>\nWithin 14 days after signing the document<\/td>\n<\/tr>\n
5<\/td>\nFinancial Year End<\/td>\nCompanies incorporated before 31 August 2018 will have their financial year end (\u201cFYE\u201d) deemed by law to be the anniversary of the date previously notified to the Registrar as their FYE date. In the absence of such notification before 31 August 2018, the anniversary of the date of incorporation will be deemed by law to be their FYE. Companies can change their FYE by notifying ACRA before or after 31 August 2018. Company is incorporated on or after 31 August 2018 must notify the Registrar of its FYE upon incorporation<\/td>\n<\/tr>\n
6<\/td>\nLodging of Annual Return with ACRA<\/a><\/td>\nFor Companies with financial year end (\u201cFYE\u201d) ending before 31 Aug 2018, within 30 days from the AGM date.
\nFor Companies with FYE ending on or after 31 Aug 2018, within 7 months after FYE<\/td>\n<\/tr>\n
7<\/td>\nHold the first annual general meeting (AGM)<\/td>\nFor Companies with FYE ending before 31 Aug 2018, within 18 months from the date of incorporation or 6 months from FYE date, whichever earlier.
\nFor Companies with FYE ending on or after 31 Aug 2018, within 6 months from FYE<\/td>\n<\/tr>\n
8<\/td>\nHold subsequent annual general meeting (AGM)<\/td>\nFor Companies FYE ending before 31 Aug 2018, within 6 months from its FYE or within 15 months from the last AGM, whichever earlier and once in every calendar year.
\nFor Companies with FYE ending on or after 31 Aug 2018, within 6 months from FYE.<\/td>\n<\/tr>\n
9<\/td>\nPreparation of Financial Statements<\/a><\/p>\n

* A company qualifies for audit exemption<\/a> if it is a private company and meets at least 2 of 3 following criteria for immediate past two consecutive financial years:<\/p>\n

must not be more than six months old from the date of the AGM<\/td>\n<\/tr>\n
10<\/td>\nFiling Financial Statements in XBRL<\/a> format with ACRA<\/p>\n

* Required if a company has a corporate shareholder and is active for the financial period or if a company is insolvent<\/td>\n

Submit together with Annual Return to ACRA<\/td>\n<\/tr>\n
11<\/td>\nEstimated Chargeable Income (ECI) submission to IRAS<\/td>\nWithin 3 months from its financial year end date<\/td>\n<\/tr>\n
12<\/td>\nForm C or Form C-S submission to IRAS<\/a><\/td>\n30 November in the year following the financial year<\/td>\n<\/tr>\n
13<\/td>\nGoods and Services Tax (GST) Registration<\/a><\/p>\n

Compulsory registration is required when<\/p>\n

    \n
  • Past 12 months of taxable turnover exceeded $1 million<\/li>\n
  • Expect your taxable turnover in the next 12 months to be more than $1 million<\/li>\n<\/ul>\n

    Voluntary Registration is allowable but must remain registered for at least 2 years.<\/td>\n

Within 30 days<\/td>\n<\/tr>\n
14<\/td>\nRegistration with Singapore Central Provident Fund<\/td>\nWhen you hire the first employee<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"On-Going<\/p>\n

On-Going Compliance<\/a><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"IRAS<\/a><\/p>\n

IRAS Compliance<\/a><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"ACRA<\/p>\n

ACRA Compliance<\/a><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Dormant<\/p>\n

Dormant Company Filing Requirement<\/a><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Singapore<\/p>\n

Singapore Financial Reporting Standards<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"CorpPass<\/p>\n

CorpPass Registration and Third Party Authorisation<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Data<\/p>\n

Data Protection Obligations of the PDPA<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Audit<\/p>\n

Audit Exemption for Singapore Small Companies Concept<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Company<\/p>\n

Company Secretary and Its Role and Responsibilities in Singapore<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"AGM<\/p>\n

AGM and Annual Return for a Singapore Private Limited Company<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"How<\/p>\n

How to Transfer Business Ownership in Singapore<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Determining<\/p>\n

Determining the Financial Year End<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"A<\/p>\n

A Guide on Register of Registrable Controllers<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Guide<\/p>\n

Guide on Register of Nominee Directors<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"The<\/p>\n

The Fake News Law in Singapore<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Home<\/p>\n

Home Office Scheme in Singapore with HDB and URA<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"A<\/p>\n

A Guide to Share Certificates<\/a><\/span><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][vc_column_text]<\/p>\n

\"Amendments<\/p>\n

Amendments to the Personal Data Protection Act and Spam Control Act<\/a><\/p>\n

[\/vc_column_text][\/vc_column][vc_column width=”1\/4″][\/vc_column][vc_column width=”1\/4″][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\"Corporate[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

On-Going Compliance<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"On-Going[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]When a company is incorporated in Singapore, the company is obligated to comply with the statutory requirements which have been stipulated in the Singapore Companies Act. Companies will be required to adhere to the annual filing requirements set forth by ACRA and the IRAS. Read more about On-Going Compliance<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

IRAS Tax Compliance<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"IRAS[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]As part of the statutory compliance, all companies which are legally registered in Singapore will be required to submit an ECI along with Form C as part of their annual tax returns to IRAS. An ECI is an estimate of the company\u2019s chargeable income for the Year of Assessment. Read more about IRAS Tax Compliance<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

ACRA Compliance<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"ACRA[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]ACRA compliance is a requirement for companies, limited liability partnerships and foreign companies. These companies are required to maintain beneficial ownership information in the form of a Register of Registrable Controllers. This information must be available to the public agencies upon request. Read more about ACRA Compliance<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Dormant Company Filing Requirement<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Dormant[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]A dormant company is one that does not have any revenue or income coming in during the given financial period, and this company will be considered dormant by IRAS. Companies need to note that there is some difference between what IRAS and ACRA define as dormant, and a company which is considered dormant by IRAS may be considered active by ACRA. Read more about Dormant Company Filing Requirement<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Singapore Financial Reporting Standards<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Singapore[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Companies would need to comply with the financial reporting standards so they will be able to enjoy public confidence while setting up an accounting standards process which is based on a strong and reliable foundation. Read more about Singapore Financial Reporting Standards<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

CorpPass Registration and Third Party Authorisation<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"CorpPass[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]CorpPass is utilised by businesses and other entities such as associations or non-profit organisations as a digital business identity. This identity helps them complete transactions with Government agencies which are done online. CorpPass is a requirement for all local entities who bear a Unique Entity Number (UEN) and any foreign company who wants to access the Government-to-Business digital services in Singapore. Read more about CorpPass Registration and Third Party Authorisation<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Data Protection Obligations of the PDPA<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Data[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Singapore takes its data security and privacy protection very seriously, and as such, organisations are required to comply with the entire Personal Data Protection Act 2012. Every organisation is responsible for personal data which is under their control. Read more about Data Protection Obligations of the PDPA<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Audit Exemption for Singapore Small Companies Concept<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Audit[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Under this concept, companies which qualify as small companies will be able to reduce their regulatory costs since they would have fewer audit requirements to comply with. However, they will still be required to provide unaudited reports for assessment. Read more about Audit Exemption for Singapore Small Companies Concept<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Company Secretary and Its Role and Responsibility in Singapore<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Company[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]It is mandated by the Singapore Company Law that a Company Secretary must be appointed in every company as the compliance officer for that said company. Read more about Company Secretary and Its Role and Responsibility in Singapore<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

AGM and Annual Return for a Singapore Private Limited Company<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"AGM[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Singapore private limited companies are mandated to remain compliant with the ACRA requirements. Having an AGM is part of these requirements, among other things. Read more about AGM and Annual Return for a Singapore Private Limited Company<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

How to Transfer Business Ownership to Singapore<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"How[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]As a business owner, it would be smart of prepare a well-planned exit as part of your plan to help you manage changes that take place which will affect your company. This contingency plan will help you prepare for the necessary steps you need to take to ensure the success and continuity of your business. Read more about How to Transfer Business Ownership to Singapore<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Determining the Financial Year End<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Determining[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Each company in Singapore has to determine its own Financial Year End (FYE). The FYE is the completion of an accounting period. A company\u2019s financial year-end does not necessarily need to fall on 31 December and can actually fall on any day within the year. Read more about Determining the Financial Year End<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

A Guide on Register of Registrable Controllers<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"A[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]From 31 March 2017, companies, foreign companies and limited liability partnerships in Singapore are required to maintain a register of registrable controllers unless otherwise exempted. Read more about A Guide on Register of Registrable Controllers<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Guide on Register of Nominee Directors<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"A[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]The Companies Act in Singapore was amended to introduce the register of nominee directors of companies, an amendment which came into effect 31 March 2017. Read more about Guide on Register of Nominee Directors<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

The Fake News Law in Singapore<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"The[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Singapore\u2019s Government ministers will have the authority to put an immediate halt to the dissemination of fake news online and met out punishment to those guilty of spreading these falsehoods. Read more about The Fake News Law in Singapore<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

A Guide to Share Certificates<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"A[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Share certificates in Singapore are issued by the Company Secretary. Each certificate contains a unique, distinguishing number which is recorded in the registrar or members. Read more about A Guide to Share Certificates<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Home Office Scheme in Singapore with HDB and URA<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Home[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]Home Office Scheme in Singapore is available for private residential under the Urban Redevelopment Authority (URA) and for public residential under the Housing Development Board (HDB). Read more about Home Office Scheme in Singapore with HDB and URA<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Amendments to the Personal Data Protection Act and Spam Control Act<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][vc_column_text]\"Amendments<\/a>[\/vc_column_text][\/vc_column][vc_column width=”2\/3″][vc_column_text css=””]The year 2020 has seen significant global change, not just in world economies but also in the legislation that govern and safeguard nations. As we shift quickly into a digital economy, data becomes the most sought-after commodity and needs careful governance. Read more about Amendments to the Personal Data Protection Act and Spam Control Act<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text] Corporate Compliance Requirement in Singapore Singapore attracts plenty of foreign investors each year who are ready and eager to establish a base of business in this thriving business hub. It is very important for these investors to understand and know the corporate compliance regulations and requirements in Singapore during both the pre-incorporation and post-incorporate…<\/p>\n","protected":false},"author":22,"featured_media":79308,"parent":12,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-262","page","type-page","status-publish","has-post-thumbnail","category-resource","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=262"}],"version-history":[{"count":3,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/262\/revisions"}],"predecessor-version":[{"id":105965,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/262\/revisions\/105965"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/12"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/79308"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}