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Q&A

What conditions should be met to establish a Singaporean limited company, apart ...

What conditions should be met to establish a Singaporean limited company, apart ...

Apart from the requirements on personnel, approvals must be obtained from the Accounting and Corporate Regulatory Authority, according to Singaporean Industry Classification Code, in order to establish a private limited company. For capital requirem...

Q&A

How to get approval for the name of a private limited company in Singapore?

How to get approval for the name of a private limited company in Singapore?

Application of company name is the first step of incorporating in Singapore. Approval of company name requires the following items to be submitted: Proposed company name Principal activities Approvals from other government authorities (if neces...

Q&A

How to obtain the registration of a Singaporean private limited company for inco...

How to obtain the registration of a Singaporean private limited company for inco...

Upon the approval of company name, registration of company should be applied for. The following documents would be needed for registration of company: SingPass Name application number of approved company name Company type Details of additional ...

Q&A

What are the requirements for annual compliance for private limited company in S...

What are the requirements for annual compliance for private limited company in S...

The first requirement is about annual general meeting, which must be held within 18 months upon the successful incorporation of the company, and thereafter the lapse of time may not be more than 15 months, unless the Company Registrar approves suc...

Q&A

What are the liabilities that are specifically applicable to legal representativ...

What are the liabilities that are specifically applicable to legal representativ...

The liabilities specifically applicable to legal representatives are found generally in: General Principles of the Civil Law of the People’s Republic of China; 2007 Enterprise Bankruptcy law; and Regulations of the PRC Concerning the Admin...

Q&A

What are the duties that are applicable to shareholders in a foreign-invested en...

What are the duties that are applicable to shareholders in a foreign-invested en...

The shareholders are those who contribute capital to the company. For a wholly-foreign owned enterprise, shareholders are the supreme authority. The shareholders have the power to exercise such functions and powers, as below: Decide on the operati...

Q&A

What are the liabilities that are applicable to senior officials of a foreign-in...

What are the liabilities that are applicable to senior officials of a foreign-in...

The liabilities are divided into three different categories: Liability for criminal offenses Liability for liquidation Liability to the company Liability for criminal offenses will arise when a breach of company is so sev...

Q&A

How are internal control and internal audit defined in China?

How are internal control and internal audit defined in China?

Internal control is a process designated to provide assurance that the company is: Effectively and efficiently operating; Providing reliable financial reporting; Complying with applicable laws and regulations; and Safegua...

Q&A

How to find a permanent establishment for the foreign headquarter?

 How to find a permanent establishment for the foreign headquarter?

Under most double tax treaties between China and other countries, a permanent establishment will be constituted if: The Chinese entity receives services from foreign entities, be the service rendered in China or overseas; and The duration of the ...

Q&A

How is related parties defined in terms of management under Chinese law?

How is related parties defined in terms of management under Chinese law?

Related parties are found on the basis that, when the either of the following is appointed by another enterprise, or two enterprises with more than half of their senior management personnel or more than one executive director is appointed by a sam...

Q&A

Under what other conditions would parties be considered as related parties?

Under what other conditions would parties be considered as related parties?

If one of the following scenarios is met, then parties shall be considered as related parties: • When one enterprise’s production and operation activities are dependent on intangibles licensed from another enterprise (including indu...

WEBINAR

Benelux Chamber SME Seminar Series 2014 | Finance Edition

Benelux Chamber SME Seminar Series 2014 | Finance Edition

Dezan Shira & Associates are pleased to annouce that Hannah Feng, Senior Manager of Corporate Accounting Services in Beijing, will be speaking at the first edition of Benelux Chamber's brand new SME Seminar Series: Finance Edition. The...

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