News@Precursor – One Stop Business Knowledge Center

Key Changes in the Companies Act

With the passing of the Companies Amendment Act in parliament in October 2014, the Companies Act (“CA”) has underwent sweeping amendments.

The first phase of the amendments came into effect on 1 July 2015 and the second phase of the amendment implemented on 3 January 2016.

The article extracts and highlights the key legislative changes for both phases from the Accounting and Corporate Regulatory Authority (“ACRA”).

Click here to read Selective Key Legislative Amendments for Phase 1 and 2

image (1)
The need for a Business license in Singapore and the procedure of obtaining one in Singapore
In Singapore, establishing a business is a simple process. In fact, Singapore company incorporation can be done in the matter of hours by our corporate service team. While the procedure of Singapore company incorporation is straight-forward, certain businesses require a business license in Singapore. This depends on the type of industry that your Singapore business … Continue reading "The need for a Business license in Singapore and the procedure of obtaining one in Singapore"
Industry-Specific Business Licenses in Singapore
Depending on the type of business activities your company conducts, you may need a business license before you can start business operations in Singapore in strict compliance with Singapore laws. Before you obtain a license Before obtaining a  business license in Singapore, you should note the following points: Business licenses in Singapore are issued only to registered … Continue reading "Industry-Specific Business Licenses in Singapore"