License Application

License Application

Maximize success by entrusting us with your license applications. From researching specific licenses to preparing and submitting paperwork, we provide ample assistance to ensure a smooth process. With our expertise, navigating the intricate regulatory requirements becomes effortless. We save you time and effort while ensuring legal compliance, so you can focus on growing your business with confidence. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Grants Application

Grants Application

Unlock new funding opportunities with our grant application service. Our expert team will guide you through the entire process, from identifying suitable grants to crafting proposals and submitting applications. With our assistance, you can maximize your chances of securing the funding for your projects. Let us handle the intricacies of grant applications so that you may focus on bringing your ideas to the world. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Trademarks Registration

Trademarks Registration

A registered trademark is a valuable intangible asset that can significantly enhance the overall value of your business. Safeguard your intellectual property assets and maximize your brand’s value. Our experienced professionals can guide you through the registration process with confidence, ensuring that your brand is legally protected and positioned for success. 

FAQ

Registering your trademark in Singapore provides legal protection, exclusive rights to use the mark, prevents others from using it without permission, and enhances brand recognition and value. 

In Singapore, logos, brand names, slogans, symbols, sounds, and even packaging designs can be trademarked if they are distinctive and capable of distinguishing your goods or services from others. 

You may file an application with the Intellectual Property Office of Singapore (IPOS), including details of the mark, goods or services it will be used for, and paying the requisite fees. 

Common mistakes include choosing a mark that is too descriptive, failing to conduct a comprehensive trademark search, providing insufficient details in the application, and not properly classifying goods or services. 

The process usually takes about 6 to 12 months, depending on factors such as the complexity of the application and any objections or oppositions raised. 

You can file an appeal with the Intellectual Property Office of Singapore (IPOS) within the prescribed timeframe, providing arguments or amendments to address the reasons for rejection. 

Yes, we offer trademark registration services, including conducting trademark searches, preparing and filing applications, responding to objections, and guiding you through the entire process to ensure a smooth registration experience. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Payment Processing

Payment Processing

Simplify transactions with security, efficiency, and convenience. By leveraging on our services, you can streamline operations, enhance customer experience and drive growth in today’s digital marketplace. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Payroll & Human Resource Outsourcing

Payroll & Human Resource Outsourcing

Empower your organisation with our full range of scalable payroll and HR management solutions. By outsourcing to us, you can streamline operations and consistently staying compliant. Your data is safeguarded with highest level of security. Whether it is managing the payroll of your workforce, or the confidential data of your management team, our expert team is on hand to support you. 

FAQ

We offer comprehensive payroll processing, including salary calculation, CPF contributions, IRAS submissions, and statutory compliance. 

Outsourcing payroll services can save time, reduce errors, ensure compliance with regulations, and provide access to expertise. 

We offer a range of HR services, including payroll processing, recruitment, onboarding, employee relations, performance management, and HR compliance. 

Outsourcing HR functions can provide access to expertise, improve compliance, enhance employee satisfaction, and reduce administrative burden. 

Our experienced HR professionals handle employee relations issues with sensitivity, fairness, and adherence to relevant laws and regulations. 

Payroll outsourcing focuses on payroll processing and compliance, while HR outsourcing encompasses a broader range of services, including recruitment, training, and employee relations. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Tax Filing & Tax Consultancy

Tax Filing & Tax Consultancy

Navigating tax regulations can be complex and daunting. Our team of experts is here to ensure that you maximize your tax efficiency while still being compliant with all regulations. From personalized consultancy to seamless filing, you can trust us to handle it all. Let us take the stress out of tax filing so you can focus on what matters most – growing your business. 

FAQ

Businesses in Singapore typically need to file corporate income tax returns (Form C-S/ C) and Goods and Services Tax (GST) returns. 

Corporate income tax returns are typically due by November 30th, while GST returns are due on the last day of the month following the end of the accounting period. 

Our services include tax planning, compliance reviews, tax optimization strategies, assistance with tax audits, and advisory on tax implications of business decisions. 

Tax consultancy can help individuals and businesses optimize their tax positions, reduce tax risks, plan for future tax obligations, and take advantage of available tax incentives or deductions. 

The documents required for tax filing vary depending on your tax situation but typically include income statements, receipts, invoices, and relevant financial records. 

Yes, we provide tax filing services for both individuals and businesses, including sole proprietorships, partnerships, corporations, and other entities. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Accounting & Bookkeeping

Accounting & Bookkeeping

Optimize your business with our expert accounting and bookkeeping service. We ensure accuracy and compliance, providing timely reports for informed decision-making. Streamline your operations to achieve financial goals with ease. Let us take care of the numbers, so you may focus on driving your business forward. 

FAQ

Accounting Services

Bookkeeping involves recording and organizing financial transactions, maintaining ledgers, and ensuring accuracy in financial records. It primarily focuses on the day-to-day operational aspects of finance.

Accounting expands on bookkeeping by interpreting and analyzing the financial data compiled by bookkeepers to prepare financial statements to assess financial performance, conduct audits, and offer strategic advice. It aims to provide insights for decision-making and compliance with regulations.

At Watershore, we provide a wide range of accounting services to help businesses and individuals meet their goals. Our services include:

Bookkeeping Services: Recording transactions, maintaining ledgers, financial statements, tax planning, payroll, and financial advisory.

Compilation of Financial Report: Organizes financial data into statements like income statements, balance sheets, and cash flow statements to present the financial position and performance of the business.

Consolidation of Financial Report: Combines financial data from multiple entities or subsidiaries into unified financial statements to provide a comprehensive view of the group’s financial health.

Tax Computation and Tax Return: Calculates taxable income, determines tax liabilities, and prepares and files tax returns to ensure compliance with tax laws and optimize tax efficiency.

Tax Planning and Compliance: Involves developing tax strategies to optimize efficiency and minimize liabilities, along with ensuring compliance through accurate tax return preparation and timely filings.

Payroll Management: Covers all aspects of payroll processing, including wage calculation, deduction management, and compliance with payroll tax regulations.

Financial Advisory and Management: Provides strategic financial advice, management reporting, budgeting, forecasting, and financial analysis to help clients achieve their financial goals.

We offer a wide range of accounting services tailored to the needs of small businesses in Singapore. Our services include:

  • Bookkeeping and financial statement preparation
  • GST return filing
  • Corporate tax filing and planning
  • Payroll processing and reporting
  • Business advisory and consulting to help you manage finances effectively and make good financial decisions.

Our accounting services can provide valuable insights into your small business finances that help with planning, compliance, and growth. We can assist with bookkeeping, payroll processing, financial statements, tax filings, and compliance with Singapore business requirements. Proper accounting helps ensure you pay the correct amount of taxes, claim all eligible deductions and subsidies, and have accurate financial data to make informed business decisions. Accounting is an essential part of establishing a solid financial foundation for a successful small business.

An accounting service can help ensure compliance with Singapore tax laws and regulations, prepare your financial statements and tax returns accurately, provide bookkeeping and payroll services, and offer strategic financial advice. They have expertise in local accounting standards and changing rules that a business owner may find difficult to keep up with. Using an accounting service frees up time for you to focus on running and growing your business while having peace of mind that your finances are handled properly by professionals.

Watershore’s accountants for small businesses in Singapore have years of experience providing accounting and tax services tailored to the needs of small and medium enterprises. Our accountants have the necessary qualifications, expertise and regulatory licenses to ensure compliance with Singapore’s regulatory requirements. This includes being registered public accountants with the Accounting and Corporate Regulatory Authority (ACRA) and members of recognized accounting bodies like Institute of Singapore Chartered Accountant (ISCA). Our accountants stay up to date with the latest tax laws, accounting standards and regulatory changes to provide you with the best professional advice and support for your business.

Bookkeeping Services

Watershore professional bookkeepers can manage your accounting and finances accurately and efficiently. They ensure all your financial transactions are recorded correctly, receipts are filed and invoices issued on time. This gives you an accurate financial snapshot of your business, which helps with compliance, tax filings and financial planning and analysis. Bookkeepers can also identify errors early, flag issues and recommend process improvements to optimize your finances. All of this allows you to focus more on growing your business while having peace of mind that your finances are in order.

An accounting service can help ensure compliance with Singapore tax laws and regulations, prepare your financial statements and tax returns accurately, provide bookkeeping and payroll services, and offer strategic financial advice. They have expertise in local accounting standards and changing rules that a business owner may find difficult to keep up with. Using an accounting service frees up time for you to focus on running and growing your business while having peace of mind that your finances are handled properly by professionals.

At Watershore, our bookkeepers for small businesses in Singapore are highly qualified and experienced. All our bookkeepers hold a relevant professional accounting or bookkeeping certification. They have extensive experience in bookkeeping for small businesses across multiple industries, providing crucial expertise in GST filing and compliance. Our bookkeepers pay close attention to detail and accuracy, and they understand the unique bookkeeping needs of small businesses. We provide customized bookkeeping services tailored to your specific requirements, utilizing the latest bookkeeping software and technologies to ensure efficiency.

Watershore bookkeeper services are designed to simplify and organize your finances. We provide a range of bookkeeping tasks including accounts payable and receivable, expense and revenue tracking, bank reconciliation, and financial statement preparation. Our certified bookkeepers have extensive experience working with businesses of all sizes across various industries. We use state-of-the-art software and cloud-based tools to securely access your financial data and generate reports tailored to your needs. Our goal is to ease the stress of managing your books so you can focus on growing your business. Simply upload or send us your financial documents and we will take care of the rest.

Experience & Expertise

At Watershore, our accounting services stand out from the crowd. With over 15 years of experience providing accounting services for businesses across Singapore, we have the expertise and knowledge to meet all your needs. We offer a full suite of accounting and finance services including bookkeeping, financial reporting, tax planning and filing, payroll management, and auditing. Our certified accountants and finance professionals stay up to date with the latest standards, technologies and practices to ensure compliance and maximize tax savings for our clients. We take the time to understand your business and goals to tailor our services accordingly. Our team works closely with you to establish efficient processes and provide strategic insights to help your business grow. We combine technical excellence with a personal touch and are committed to building long-term relationships with our clients based on trust, reliability and exceptional customer service.

Watershore has over 15 years of experience providing accounting and bookkeeping services for small businesses in Singapore. We offer a comprehensive suite of accounting services including bookkeeping, payroll, GST filing, financial statement preparation, and tax advisory and compliance for corporate and personal income taxes. Our team consists of chartered accountants and tax experts who stay up to date with the latest regulations and requirements affecting small businesses in Singapore. We leverage technology and automation to provide timely, accurate and cost-effective accounting solutions so our clients can focus on growing their businesses.

Watershore’s dedicated team of accounting experts keeps abreast of all the latest accounting regulations in Singapore. We achieve this through various means:

  • Monitoring regulatory announcements from ACRA and MAS.
  • Subscribing to relevant industry newsletters and publications.
  • Attending seminars and training organized by accounting bodies like ISCA and ACRA.
  • Leveraging our network of industry contacts and collaborating firms to share knowledge on new developments.
  • Conducting in-house discussions to stay updated on any changes that may impact our clients.

By staying updated on new and amended accounting standards, tax laws, and corporate governance requirements, Watershore can ensure our clients receive the most relevant and compliant accounting and advisory services.

Our accounting and bookkeeping services stand out by prioritizing accuracy, reliability, and personalized attention, ensuring that we add tangible value to your operations. We emphasize thoroughness in every aspect of financial management, offering tailored solutions that meet your specific needs and goals. Our commitment to excellence and client satisfaction sets us apart, providing peace of mind and confidence in your financial decisions.

We ensure the accuracy and reliability of our bookkeeping services through comprehensive quality control measures which include ongoing staff training, utilization of advanced accounting software, regular reconciliations, adherence to best practices, and strict compliance with regulatory standards. This holistic strategy ensures that your financial records are maintained with precision and consistency, providing a solid foundation for informed decision-making and financial transparency.

Online Services

Yes, we provide initial consultations free of charge for small business owners in Singapore interested in accounting and bookkeeping services. Our experienced team would be happy to discuss your specific needs, goals and budget to determine the best accounting solutions tailored for your business. We can recommend the optimal level of service based on the complexity of your financial operations and reporting requirements. Please contact us to schedule your free consultation today.

Watershore bookkeeping services can help your small business in Singapore stay compliant and organized. Some key benefits include:

  • Accuracy – Our team of certified accountants can ensure accuracy in your financial records and tax filings, reducing the risk of errors and penalties.
  • Compliance – We keep up to date on changing tax laws and financial reporting requirements to ensure your business meets all compliance obligations.
  • Organization – Our team can organize your financial data, receipts, invoices and other documents, making it easier for you to find what you need when needed.
  • Time savings – By outsourcing your bookkeeping to us, you save time that you can refocus on growing your business.
  • Valuable insights – Our accountants can analyze your financial data and provide insights into how to improve cash flow and reduce expenses.

Our online accounting and bookkeeping services are highly secure. We implement robust security measures, including encryption protocols, secure data storage, access controls, and regular security audits. Our commitment to protecting your financial information ensures that your data remains safe and confidential at all times.

Get Started With Us

Yes, we offer free initial consultations for small business owners in Singapore interested in accounting and bookkeeping services. Our experienced team will discuss your needs, goals, and budget to recommend tailored solutions. Contact us to schedule your free consultation and find the optimal level of service for your business.

Getting started with our accounting services is simple and straightforward. Contact us through our website or call us to schedule a consultation with one of our account representatives. They will discuss your business needs, goals and budget to recommend the right accounting and tax solutions and services for your business.

  • Bookkeeping services – $700 onwards
  • Compilation of financial report – $700 onwards
  • Consolidation of financial report – $900 onwards
  • Tax computation and Tax Return – $700 onwards

**Please note that actual costs may vary depending on the complexity & specific requirements of your business. For a personalized quote, feel free to contact us directly.

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Mailing Address & Mail Handling

Mailing Address & Mail Handling

Centralize your mailing address and mail processing with us for improved communication management. By having a dedicated mailing address and expert mail handling, we ensure every message is handled with care and efficiency, so you never miss crucial correspondence. 

FAQ

You can establish a professional business presence and enhancing credibility with clients and partners while protecting personal privacy by keeping home addresses private. Also, centralizing mail management for easier organization. 

A business mailing address typically offers a street address which provides a more professional outlook while PO Box is typically located within post office facilities and may not offer the same level of privacy or security. 

Having a business mailing address, even when working from home, can enhance professionalism and privacy. It also helps separate personal and business correspondence, which is essential for maintaining a professional image.

Yes, we offer mail scanning and digital storage options. This allows you to access your mail remotely, view scanned copies online, and manage your correspondence electronically. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Quality Assurance

We consistently deliver high-quality services, such as precise financial reporting, comprehensive legal documents, and careful attention to detail in all parts of our job. You and your company can rely on us to uphold the highest standards.

Registered Office Address

Registered Office Address

Elevate your business’s presence.

Whether for business necessities or convenience, we offer corporate addresses that exude distinction and prestige, enhancing your company’s professional image. 

FAQ

A registered office address is the official address of a company registered with the government. It is where official correspondence and legal documents are sent. 

A registered office address is required by law for all companies registered in Singapore. It serves as the company’s official address for communication with government agencies and other stakeholders. 

Our registered office address is strategically located in a central business district for convenience and prestige. It provides privacy, professionalism, compliance with regulatory requirements, and administrative convenience for managing mail and documents. 

Yes, we offer mail forwarding services to ensure you receive important documents and correspondence promptly. 

A registered office address is a legal requirement, while a virtual office provides additional services such as mail handling, phone answering, and meeting room access. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Variable Capital Companies

Variable Capital Companies

Maximize your investment potential with our expert Variable Capital Companies (VCC) setup services. Our seasoned fund administration and corporate secretarial team is ready to deliver on-the-ground support for the incorporation and ongoing maintenance of your VCC. 

Benefit from tax transparency and flexible structures adapted to your fund’s requirements, ensuring smooth integration and regulatory compliance. Trust us to manage the complexity of VCC setup with ease, allowing you to focus on maximizing your profits. 

FAQ

A Variable Capital Company (VCC) is a corporate structure in Singapore designed for investment funds, offering flexibility in capital management and distribution. 

Benefits include flexibility in capital management, segregation of assets, tax efficiency, ease of distribution, and compliance with international standards. 

VCCs can serve as an efficient vehicle for managing family wealth, providing flexibility in investment strategies, succession planning, and privacy. 

Regulatory requirements include compliance with the Variable Capital Companies Act, appointment of directors and key officeholders, and obtaining approval from the Monetary Authority of Singapore (MAS). 

VCCs in general are considered as companies which enjoy tax exemptions on certain income and gains, making them an attractive option for wealth management activities in Singapore. 

It depends on factors such as your investment objectives, asset size, regulatory requirements, and tax considerations. Consult with us to assess the suitability of a VCC for your specific circumstances.

Watershore provides comprehensive services for setting up a VCC in Singapore, including regulatory compliance, legal documentation, tax planning, and ongoing support to ensure a smooth establishment and operation. 

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Corporate Secretarial Services

Corporate Secretarial Services

As regulatory requirements continue to evolve, the need for an up-to-date and effective corporate secretary still is paramount in today’s dynamic business environment. By entrusting these responsibilities to our experienced professionals, we ensure prompt filings and exact record-keeping to allow you to streamline your administrative processes and focus on your core business goals. 

FAQ

Corporate secretarial services encompass managing a company’s compliance with legal and regulatory requirements, maintaining corporate records, organizing board meetings, and handling statutory filings. They ensure adherence to governance standards, support efficient operations, and mitigate compliance risks for businesses.

Corporate secretarial services include:

  • Statutory Filings: Managing and submitting required filings to government authorities, like annual returns and updates on directors or shareholders.
  • Record Maintenance: Keeping accurate records of corporate documents, including meeting minutes and registers.
  • Meeting Organization: Coordinating and documenting board meetings and AGMs, ensuring compliance with governance standards.
  • Advisory Support: Offering guidance on corporate governance, regulatory changes, and compliance obligations.
  • Changes and Amendments: Assisting with structural changes, such as amendments to articles of association and director appointments.

Using Watershore’s corporate secretarial services provides several advantages:

  • Compliance Assurance: Ensures adherence to legal and regulatory requirements, minimizing penalties and legal issues.
  • Efficiency: Saves time by handling administrative tasks like filings and meetings, letting you focus on core operations.
  • Expert Guidance: Access to specialized knowledge on corporate governance and regulatory changes.
  • Risk Management: Mitigates risks through accurate record-keeping and timely filings.
  • Cost-effectiveness: Reduces overhead costs compared to hiring and training in-house staff.

When selecting a corporate secretarial service provider, consider our expertise, reputable track record, responsiveness, and cost-effectiveness. We tailor our services to meet your specific business needs, ensuring you receive comprehensive support and peace of mind.

Regular communication with your corporate secretarial service provider, staying informed about regulatory changes, and conducting periodic reviews of corporate governance practices can help ensure ongoing compliance.

Cost

Yes, Watershore’s corporate secretarial services are cost-effective. We provide comprehensive support tailored to your business needs, ensuring compliance and efficiency. Our transparent pricing and expert team help you save time and reduce administrative burdens, making us a smart choice for businesses seeking value and reliability.

Corporate secretarial service costs in Singapore vary, depending on the complexity of your business needs. Watershore offers competitive pricing with comprehensive packages to ensure your company remains compliant with regulatory requirements. Contact us for a personalized quote.

Compliance & Expertise

Watershore ensures ongoing compliance by staying up to date with the latest regulations and amendments in Singapore’s corporate laws. Our experienced team conducts regular reviews and audits of your company’s documentation and filings. We also provide proactive reminders for deadlines and maintain open communication, ensuring that your corporate governance remains seamless and compliant.

Watershore stands out as a premier corporate secretary service provider in Singapore due to our in-depth knowledge of local regulations and our status as an ACRA-regulated filing agent. With over 15 years of experience, our team of Chartered Secretaries is equipped to tackle complex challenges. We offer tailored services that align with your unique business objectives, ensuring high-quality support with integrity and professionalism. Continuous staff training further reinforces our commitment to excellence in corporate governance.

Watershore has over 15 years of experience in corporate secretarial services, specializing in the complexities of Singapore’s regulatory environment. Our team consists of qualified Chartered Secretaries and Chartered Accountants who have successfully supported a diverse range of businesses. We leverage our extensive expertise to deliver tailored solutions that meet clients’ unique needs, ensuring compliance and effective corporate governance.

Watershore is widely recognized for its professionalism and expertise in corporate secretarial services in Singapore. Our commitment to compliance, integrity, and tailored solutions has earned us a strong reputation among clients across various industries. With a proven track record of delivering high-quality support, we are trusted by businesses seeking reliable corporate governance.

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.

Company Incorporation

Company Incorporation

A strong start sets the stage for success. Let us handle the hassle of incorporating your business, ensuring a seamless and legally compliant beginning. With our knowledgeable team guiding you through every step, we streamline your incorporation journey. Consider the stage ready for your business endeavours. 

FAQ

Why Singapore

There are several benefits to incorporating a company in Singapore, these include:

  • Political Stability: Singapore’s stable political climate provides a safe and conducive environment for businesses to operate and grow
  • Strong legal framework: The robust legal system offers strong protection for investors and ensures enforceability of contractual agreements.
  • Strategic location: Situated at the crossroads of Asia, Singapore provides easy access to major markets in the region, facilitating international trade and business expansion.
  • Pro-business: Singapore is known for its pro-business stance with streamlined regulations and extensive government support services aimed at fostering entrepreneurship and business development.
  • Easy access to talent: With a highly educated workforce, it is relatively easy to find skilled professionals in wealth management.
  • Favourable tax regime: The corporate tax rate is low at 17%. There are no capital gains or withholding taxes and a wide array of tax incentives and exemptions is available.

Incorporating a company in Singapore offers several tax benefits, which contribute to its attractiveness as a business destination:

Low Corporate Tax Rate: Singapore maintains a competitive corporate tax rate of 17%, which is among the lowest globally for developed economies.

Tax Exemption Scheme for New Startups: Newly incorporated companies can enjoy significant tax exemptions under the Start-Up Tax Exemption (SUTE) scheme where companies enjoy 75% exemption on the first S$100,000 of normal chargeable income for the first three consecutive years and an additional 50% exemption on the next S$100,000 of normal chargeable income.

One-Tier Tax System: Singapore operates on a one-tier corporate tax system where taxes paid by a company on its profits are not subject to further taxation when dividends are distributed to shareholders. This eliminates double taxation of corporate profits.

Absence of Capital Gains Tax: Singapore does not impose taxes on capital gains, except in certain specific cases like gains from the sale of properties held as trading assets.

No Withholding Tax on Dividends: Dividends paid by a Singapore company to its shareholders are not subject to withholding tax, irrespective of whether the shareholder is a resident or non-resident.

Extensive Double Taxation Avoidance Agreements (DTAs): Singapore has a comprehensive network of DTAs with over 80 countries, which helps to reduce the incidence of double taxation on income earned in foreign jurisdictions.

Foreign-Sourced Income Exemption: Subject to certain conditions, foreign-sourced income received in Singapore by a Singapore tax resident company may be exempt from tax, further enhancing Singapore’s attractiveness as a regional or global hub for businesses.

Business Structure

There are several types of business entities available in Singapore, each with their own advantages and disadvantages:

  • Sole Proprietorship
  • Partnership
  • Limited Liability Partnership (LLP)
  • Private Limited Company (Pte Ltd)
  • Public Company Limited by Shares
  • Subsidiary Company
  • Branch Office
  • Variable Capital Company (VCC)
  • Company Limited by Guarantee

Yes, we can provide guidance based on your specific business goals, operational needs and regulatory considerations.

Consultation and Assessment: Conduct an initial consultation to understand your business objectives, ownership preferences, liability concerns and growth plans.

Expert Advice: Based on our expertise and knowledge of Singapore’s business environment, we can provide expert advice on the various business structures available and their implications.

Structuring Recommendations: We recommend the most appropriate business structure that aligns with your goals, whether it’s a sole proprietorship, partnership, LLP, private limited company, etc.

Regulatory Compliance: We guide you through the regulatory requirements and legal considerations associated with each business structure, ensuring compliance with Singapore laws.

Implementation Support: Once a structure is chosen, Watershore can assist with the incorporation process, including preparing necessary documentation, filing with relevant authorities like ACRA (Accounting and Corporate Regulatory Authority), and setting up corporate governance frameworks.

Ongoing Support: We can also provide ongoing support with corporate secretarial services, compliance monitoring, and advice on operational matters as your business grows.

Company incorporation creates a legal entity. The incorporated company becomes a separate legal entity from its owners and managers. This allows the company to enter into contracts, own assets, and sue or be sued.  

Company registration simply registers the company with regulatory bodies. A registered company is not necessarily incorporated. Registration provides the company a business license to operate legally but the owners remain personally liable.  

At Watershore, we offer both incorporation and registration services to help you establish your business entity efficiently.

Procedures & Requirements

To incorporate a company in Singapore, you will need to prepare and file several key documents. Here are the general steps:

  1. Register the company name. Choose a unique company name at ACRA website and submit an online application. ACRA will review and approve the name if available.
  2. Registered Address. You need to provide a local Singapore address that will serve as the registered office of the company. This address will be used for official correspondence. Individuals associated with business entities must, in addition to providing a residential address, also file a contact address at which they can be reached in person or by post.
  3. Prepare the company constitution. This is a legal document that sets out the key characteristics of a company (company’s name, objectives, and share structure) and internal rules governing its operations. It stipulates the rights and obligations of its participants including its shareholders, directors and company secretaries.
  4. Appoint directors whereby at least one director who must be a Singapore resident (citizen, permanent resident, or holder of an Employment Pass/ EntrePass).
  5. Appoint a qualified company secretary within 6 months of incorporation.
  6. Designate Shareholders and paid-up capital. Declare the amount of share capital and the number of shares each shareholder will hold. At least one shareholder (can be the same person as the director) and shareholders can be individuals or corporate entities.
  7. File the incorporation documents with ACRA. Submit documents (e.g. MAA, name reservation, details of directors, shareholders, and secretary, registered office address etc) and payment of registration fees.
  8. Obtain a business registration number (UEN) from ACRA. This is a unique 9-digit number issued to your company upon approval of incorporation.
  9. Open a business bank account. You will need the UEN and other documents to open a bank account for your new company.
  10. Register for GST and CPF. GST registration with the Inland Revenue Authority of Singapore (IRAS) is applicable if your turnover exceeds S$1 million and Central Provident Fund (CPF) registration for employees.
  11. Apply for licenses and permits required for your business activities.

Requirements for appointing directors in Singapore are straightforward. Directors can be appointed either by the existing board of directors or shareholders, depending on the company’s constitution. There are no mandatory qualifications required to be appointed as a director in Singapore. However, directors are expected to act with reasonable diligence and care in carrying out their duties. They must also comply with relevant laws and regulations, disclosing any conflicts of interest.

The requirements for appointing directors in Singapore are:

  1. Residency: At least one director must be a Singapore resident (citizen, permanent resident, or holder of an Employment Pass/EntrePass).
  2. Age: At least 18 years old.
  3. Eligibility: Directors must not be disqualified under the Companies Act (e.g., undischarged bankrupt or convicted of certain offenses).
  4. Duties: Directors must act with diligence and care, comply with laws, disclose conflicts of interest, and adhere to the company’s constitution.

Yes, according to the Singapore Companies Act, every company must have at least one local resident. The local resident director is responsible for ensuring compliance with Singapore laws and regulations, including financial reporting, tax filing and other statutory obligations.

If you are a foreign entrepreneur and do not have a local resident to fulfil this requirement, Watershore can provide nominee director services. The nominee director shall not be actively involved in the management of the company beyond compliance duties.

To incorporate a company in Singapore, you will need to prepare and file several key documents:

Company Name Approval: Before incorporating, you need to reserve a name for your company. This can be done online through BizFile, the online filing system of the Accounting and Corporate Regulatory Authority (ACRA).

Company Constitution: This is a legal document that sets out the key characteristics of a company (company’s name, objectives, and share structure) and internal rules governing its operations. It stipulates the rights and obligations of its participants including its shareholders, directors and company secretaries.

Particulars of Shareholders, Directors and Company Secretary: You need to provide details of the shareholders (individuals or corporate entities) who will own the company. You must appoint at least one director who is ordinarily resident in Singapore (Singapore Citizen, Permanent Resident, or Employment Pass holder). This includes their names, nationalities, identification number, addresses, and the number of shares each will hold. You also need to appoint a qualified company secretary within six months of incorporation.

Registered Address: You need to provide a local Singapore address that will serve as the registered office of the company. This address will be used for official correspondence. For individuals associated with business entities, they must in addition to providing a residential address also file a contact address at which they can be reached in person or by post.

Incorporating a company in Singapore typically involves an instant name reservation process via ACRA’s BizFile system, followed by a 1 to 3-day incorporation period, provided all required documents are correctly prepared and submitted. Upon approval, ACRA issues a Certificate of Incorporation, marking the official start of business operations.

Watershore, a regulatory and compliance service provider, can assist companies with the following key requirements:

  1. File annual returns and financial statements.
  2. Maintain accurate financial records.
  3. Hold annual general meetings and keep minutes.
  4. Comply with tax regulations.
  5. Renew permits/licenses.
  6. Adhere to regulatory standards.
  7. Fulfil statutory obligations.
  8. Update company details as needed.

Incorporation Services

Watershore’s company incorporation services provide many advantages for businesses which include:  

  • Speed and efficiency: Watershore handles all the paperwork and administrative requirements to register your company quickly and accurately, saving you time and stress.
  • Expert knowledge: Watershore’s team consists of legal and tax experts who stay up to date on changing regulations to ensure your company complies with all requirements.
  • Support services: In addition to incorporation, Watershore offers ongoing support services like tax filing, registered agent services, and accounting to simplify business management.
  • Cost savings: Using Watershore’s services can be more cost-effective than hiring individual professionals to handle each task for your new company.
  • Peace of mind: Watershore acts as your advocate to guide you through the complex process of starting a business and ensures everything is done properly from the beginning.

Yes, Watershore can assist in appointing a nominee director (ND) for your company. However, please note that NDs shall not be actively involved in the management of the company beyond compliance duties and cannot act as the sole director actively involved in business operations.

Watershore provides an affordable and comprehensive company incorporation service in Singapore. While the company aims to provide value for money, incorporation costs vary between service providers based on the level of service and support offered. Customers should compare various options to determine the cheapest option based on their specific requirements. Watershore offers a range of incorporation packages and add-on services to suit different business needs.

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.