Corporate FAQ

Our one to one consultations are free if you attend our free seminars/events or sign up for our services.  The following are some of our FAQs to facilitate understanding of our services.

What are the requirements to set up a Company?

• Appoint at least one resident director
• Appoint at least one shareholder
• Appoint at least one secretary within 6 months of incorporation
• Minimum paid-up capital of S$1
• Designate a company’s local registered address
• Putting together a ‘company kit’
  • Documents containing the following details:-
    • Company name;
    • Brief description of business activities;
    • Shareholders particulars;
    • Director Particulars;
    • Company secretary particulars; and
    • Memorandum and articles of associations.

 

It is also important to note that under Singaporean laws, foreign entities/individuals must engage a professional firm to register a Singapore company.

What does a Company Secretary do?

The range of service the company secretary carries out generally refers to the updating the company’s register, assisting the company in meeting government statutory deadlines, maintaining the statutory registers and providing members of the company with notice of the Annual General Meeting.

Why would I want to set up a BVI Company?

A BVI company usually entail the following benefits:-

• incorporation costs & annual maintenance fees;
• Does not require a local secretary;
• No annual return or audit of financial statements by external third parties;
• No minimum capital required;
• Income is exempted from local tax; and
• No withholding tax.

 

What are the requirements for an EP/ PEP?

Pass type	Examples of eligibility criteria
P1 Employment Pass	Fixed monthly salary of an equivalent or more than $8,000 Possesses acceptable qualifications
P2 Employment Pass	Fixed monthly salary of an equivalent or more than $4,500 Possesses acceptable qualifications
Q1 Employment Pass	Young graduates from good institutions could qualify if they earn at least $3,000. Older applicants would have to command higher salaries to qualify, commensurate with the work experience and quality they are expected to bring.

Extracted from www.mom.gov.sg

Do I need Quota to employ a foreigner?

This is subjective in accordance to the industry; however in generally a quota would be required to employ a foreigner.

Why should I apply for an Entre Pass?

The Entre Pass is especially convenient for foreign individuals that would like to establish a business in Singapore but do not qualify the requirements of any of the fore-mentioned Employment Passes.

What are the benefits of your Concierge Service?

We provide a wide array of additional assistance to our clients exclusively. We aid our clients by gathering more information and/or resources on just about every quires/things they need to do in Singapore. We pride ourselves as being one of the only firms in Singapore to provide such a service.

How do I become an affiliate Partner?

For those who are interested in joining us in pursuit of greater achievements, Cayman is constantly looking to establish new partnerships. Especially for those who believe they can leverage upon Caymans repertoire of services and in return provide contributions in terms of speakers, business contacts and/or sponsorship to Cayman. Please feel free to contact us via our enquiry form and we will get back to you soon.

What are your service fees?

Corporate Services fees are subjected to variation on a case-by-case basis.

Fees would depend on type of Company formation, type of Work Pass and complexity of a case. Do kindly send us an enquiry should you wish to receive an accurate quotation.