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Regulatory Compliance Services
Now that you have incorporated your company, you need to stay compliant with Singapore’s business laws and regulations. This include complying with the annual filing requirements to the Accounting and Corporate Regulatory Authority (ACRA) and the obligations imposed by the Inland Revenue Authority of Singapore (IRAS), appointing a Data Protection Officer (DPO) and abiding by Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulations.
Some business activities in Singapore are subject to regulation by government authorities and you will need to obtain the necessary approvals or license from the relevant authorities.
Singapore has also adopted a number of transparency rules from the OECD and other regulatory bodies such as the Foreign Account Tax Compliance Act (FATCA), and the Common Reporting Standards (CRS), resulting in the corresponding obligations of registration and annual reporting for certain entities.
Remaining compliant is paramount to sustaining a successful business and reputation. Non-compliance, mistakes and omissions can expose your company to various sanctions, penalties and other legal risks. This is why compliance is at the core of all our services. We keep abreast of the latest regulatory changes and we ensure that your company meets the local and statutory obligations at all times.
Our services include:
- Corporate governance
- Compliance health checks (e.g FATCA, CRS, PDPA, etc.)
- FATCA and CRS registration and reporting
- Data protection services
- License applications
It takes many good deeds to build a good reputation, and only one bad one to lose it
Benjamin Franklin, one of the Founding Fathers of America