SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore

Hi there, I have a small group of friends always range golfing at Orchard Country Club (or OCC in short) range. We have a group of 5 to 8 always pracitising on Wed, around 730pm. We mingle around, have beer and teach one another swings and our swing mistakes watched (and hopefuly corrected) by one a...

So is the Group formed? I know of OCC which is a good place to eat, drink, chit-chat and range-golf. I have formed a group myself every Wednesday evening to do networking and casual range-golfing, have a few rounds of beer... Second floor is fantastic. It is very cooling and well, you will enjoy, mo...

I still recommend OCBC Bank. There has been some updates lately on the charges. As a new start-up, for 1st 6 months, ave min balance of S$500 is needed. After, you need monthly ave of S$8000 balance, else there will be a charge of S$25. Of course you can switch if you like to other banks if yours ca...

Hi Strong Eagle, I try to search within the Statutes some relevant section on this point. This is what I have got: 145. —(1) Every company shall have at least one director who is ordinarily resident in Singapore and, where the company only has one member, that sole director may also be the sole memb...

Just to add a little, what you do is okay. But just be very careful on your tax-residency status. Because as non-resident, you will have to pay 20% on your director's fee. and 15% if it is salary. If you are a tax-resident, these are thrown income a single pool and be subjected to a progressive rate...

Just to clear up a little on the terms: (1) Director's fee - someone has explained in this strings of postings that Directors fee are more contributions like business ideas/ directions/ biz development etc. activities for for steeing the directions of the Company; (2) Director's Salary - this is wha...

Answering your questions: From what I can read you are talking about a one Director Company. Provided you can be a director (foreigner cannot be sole director of a pte ltd company), then the steps to take will be: Steps 1: You can start paying yourself first month (or first day if you like) after in...