Rikvin Provides Business Compliance Services
A business in Singapore refers to a firm devoid of its own legal personality.
This means that the
business itself rests upon its owners matters such as ownership, existence, and all other legal
concerns....
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Rikvin Provides Business Compliance Services
A business in Singapore refers to a firm devoid of its own legal personality.
This means that the
business itself rests upon its owners matters such as ownership, existence, and all other legal
concerns.
“Businesses in Singapore are sole proprietorship, partnership, and limited liability partnership,”
quips Rikvin’s business consultant.
Although unlike any Singapore company, these three businesses do not have many requirements
to accomplish.
ACRA does not oblige these businesses to perform auditing requirements unless
there is a court order for that.
There are three common requisites that these businesses should comply.
These are the individual
occupying the Manager’s position, maintaining business band accounts, maintaining business
licenses and permit, and personal filing of tax returns with IRAS.
“Foreign-owned sole proprietorships shall appoint someone from the local to be the Manager,
unless, if the foreign sole proprietor has so
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