In Singapore, all businesses are required to file an annual report in order to comply with the law. The complexity of the requirements is determined by the structure, size, and industry of the company.

The following are the requirements for forming a Private Limited Company in Singapore:

Annual General Meeting (AGM) #

To comply with the law, all businesses in Singapore are required to file an annual report. The complexity of the requirements is determined by the company’s structure, size, and industry.

The requirements for forming a Private Limited Company in Singapore are as follows:

Annual Return #

Every company is required to file an Annual Return with ACRA within 7 months of the end of its financial year. The Annual Return includes information about the board of directors, shareholders, and share capital of the company.

Financial Statements #

Every business is required to prepare financial statements in accordance with the Singapore Financial Reporting Standards (SFRS). These financial statements, along with the Annual Return, must be filed with ACRA.

Tax Return #

Every company must file its annual income tax return with the Inland Revenue Authority of Singapore (IRAS) within three months of the end of its fiscal year.

Failure to comply with the annual filing requirements may result in penalties and fines. You can use corporate secretarial services like Xerosoft to help you with the filing process.