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Singapore News: Pay Respects to Mr Lee Kuan Yew http://sunday.b1u.org

Singapore News: Pay Respects to Mr Lee Kuan Yew http://sunday.b1u.org

Singapore News:“This is the final respect that we are giving to him before his soul is put to rest in peace”: Father Aloy and daughter Jennifer Newman, who moved to Singapore 20 years ago, have been in queue to bid Mr Lee Kuan Yew farewell for more than 12 hours.
Source: Channel NewsAsia Singapore
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Singapore News “I want to be here. I want to pay respect to this man (Mr Lee Kuan Yew) who achieved so much for this great country”: Frank Porowski, a German married to a Singaporean. (Video: Goh Chiew Tong)

Source: Channel NewsAsia

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Singapore Company Incorporation: What are the Legal Formalities?

Many local and foreign entrepreneurs incorporate a Singapore company in order to take advantage of several benefits particularly in terms of taxation, limited liabilities from business-related debts, and bankruptcy protection.

If you are keen on forming a Singapore company, this article outlines the legal formalities when forming a Singapore company.

A Singapore corporation, its shareholders (the legal term for its owners) are required to perform certain formalities and legalities which aim to prevent abuses especially by the management, unscrupulous dealing, illegal activities, and tax evasion.

 

There are several formalities and legal requirements associated when operating a Singapore corporation but the most important is the submission of the annual filing requirement to the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).

 

These are the other requirements which must be performed by the Singapore corporation:

 

Appointment of at least one director who is a local resident

A corporation should at least appoint one director who is a local resident or holder of Singapore EntrePass, Singapore Employment Pass, or Singapore Dependant Pass.  However, there is no limit on the number of board of directors whether they are foreigners or local residents.

 

Designate a qualified secretary

A company secretary should be a local resident and must have a knowledge and understanding in compliance matters stated by the Singapore Companies Act.  (The secretary should be appointed within six months after incorporating a company)

 

Use of registration number

The registration number, which is issued by ACRA, must be present on the company’s billings, letterheads, invoices, and documents used for its communication.

 

Annual general meeting

Within 18 months of incorporating a company in Singapore, the board of directors must conduct the annual general meeting in which they can answer the questions of shareholders.  After this, the succeeding meeting must be held once every fiscal year but not more than 15 months apart.

 

Directors’ report

This report includes the income statements, balance sheet, and other unaudited financial records; the interests and accounts of shareholders and directors; documents revealing the accounting policies of a corporation; and disclosure of a company’s operation.

Filing of the financial year-end record

 

ACRA uses this record as the basis for the deadline for the submission of a corporation’s accounting requirement and financial statement.

 

Submission of annual returns

This record, which must be filed to ACRA one month after the annual general meeting, should consist the financial accounts of a corporation.

 

Tax returns

This record, which includes the tax computation, director’s report, and Form C, is required to be submitted earlier than 31 October.

 

Form C

This document is filed every June after a fiscal year but may be extended until December if a corporation will file its estimated chargeable income (ECI) within three months after the accounting period has ended.

 

ECI

This record is an estimation of a corporation’s chargeable income for the “year of assessment” and should include the estimated profits, financial year-end record, and estimated revenue.

 

Audited or unaudited accounts

The branch office of a foreign company is required to submit its parent’s audited financial statement to IRAS.  However, the agency is less stringent to private limited companies with less than $ S5 million of turnover which is allowed to file unaudited accounts.

AsiaBizServices provides Singapore Company Incorporation services and has successfully helped foreign and local entrepreneurs wishing to set up a company in Singapore.

Singapore River Buskers’ Festival ? Street entertainment at its best

Be prepared for endless hours of fun and entertainment when attending the famous Singapore River Buskers’ Festival in the scenic and beautiful island of Singapore. Reputed to be one of the biggest buskers’ gatherings in the whole of Asia, this popular event features a wide range of top notch street performers from all over the world. This annual festival is held during the month of November lasting for a period of 9 days. Many of Singapore’s most popular venues come alive with vibrant and entertaining street performances that are sure to amaze and delight visitors of all ages.

The Singapore River Buskers’ Festival was first held in 1997 at the scenic Clarke Quay and Riverside areas of Singapore. This initial festive celebration featured comedians, a face painter, acrobats and a musical act among many other highlights from professional buskers from different parts of the world. The incredible success of the first festival led it to become an annual event in Singapore that is attended by streams of tourists and performers who congregate for a short period of excitement and endless fun.

Today, during the celebration of the Singapore River Buskers’ Festival, various key places in the island such as Orchard Road, Clarke Quay, Marina Bay, Roberton Walk and the Riverside are packed with amazing performers and enthralled onlookers. Acts such as sword swallowing, miming, comedy performances, dance routines, juggling, acrobatic performances and magic shows can be enjoyed at leisure. Offering visitors unlimited street entertainment, the festival is truly an unforgettable event to witness!

The Singapore River Buskers’ Festival can be enjoyed in all its fullness when staying at the Grand Copthorne Waterfront Hotel Singapore. This Singapore hotel in central business districtis recognized as one of Asia’s top 5 star hotels offering guests lifestyle accommodation in an elegant resort like environment along the scenic banks of the Singapore River. Enjoy lavish comfort and indulge in stylish elegance at this luxury hotel Singapore.

Pushpitha Wijesinghe is an experienced independent freelance writer. He specializes in providing a wide variety of content and articles related to the travel hospitality industry.

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Interesting Places to Visit When You Visit Singapore

Although Singapore is a small city, it still has quite a few interesting places for you to visit. In this article, let me share with you some important tourist places in Singapore:

1. East Coast Park. East Coast Park is a popular playground among Singaporeans and I believe tourists will like it too. It covers a sprawling area and you can do a lot of activities there such as bowling, cycling, running, windsurfing, canoeing, picnicking, BBQ, etc. If you are the sporty guy, you definitely must visit East Coast Park.

2. Chinese and Japanese Gardens. The 2 gardens are situated adjacent to one another and they are just 5 minutes walk from the Chinese Garden MRT station. If you are into Chinese history, you will definitely like the Chinese Garden. It is a reflection of the Chinese Imperial Garden, which has twin pagodas. The Japanese Garden has a distinct style which reflects the Japanese culture accurately.

3. Bukit Timah nature reserve. Bukit Timah nature reserve is a 164 hectare rainforest which contains several species of plants. If you love trekking, this is one of the best wildlife sanctuaries.

4. Mount Faber. Mount Faber is located near Sentosa, which is an offshore island of Singapore that is famous for its beach and sight-seeing. At Mount Faber, you can view the skyline of Singapore and other offshore islands. Definitely a breathtaking and fantastic view for you.

5. Singapore Zoo. The Singapore Zoo is very famous among tourists with many species of animals. The Night Safari is one of the best adventure tours you can indulge in. It is the first night zoo where you can get up close to some wildlife nocturnal animals.

6. Fort Canning Park. Fort Canning Park was built between 1859 and 1861 by the British. It was originally an arms store, barrack and hospital. During the Japanese invasion during World War II, British soldiers fought them on this hill.

7. Singapore Botanic Garden. This garden is full with treasure of flora, with many different specimens.
In Singapore, there are a lot of other interesting places for you to visit, such as the Jurong Bird Park, Orchard Road, Chinatown and Little India. Every year, tons of tourists flock to Singapore because of its attractions. So if you are planning for your next holiday trip, do consider Singapore.

Last but not least, if you are a shopaholic, do come in June because every year from May to June, there is a Great Singapore Sale event. During this event, majority of the boutiques and restaurants offer discounts up to 75% for their goods and services.

Visit DoWindowShopping for a list of Singapore shopping mall.

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