FREQUENTLY ASKED QUESTIONS (FAQ)
Find answers to common questions about Coretrust’s services, business
support, engagement process and professional approach. Every
engagement is scoped for your entity, deadlines and regulatory
requirements
Yes. Foreign shareholders may own a Singapore company, although the company must satisfy Singapore requirements, including having at least one ordinarily resident director and a local registered office.
- Covering resident director, shareholders/share capital, constitution, local registered office, secretary appointment within six months, due diligence and any business-specific approvals.
- Bank opening and work/residence permissions are separate assessments, without promising approval.
A private company may qualify for audit exemption under the small-company rules. Broadly, this requires at least two of the following: annual revenue of S$10 million or less, total assets of S$10 million or less, and 50 or fewer employees, using the relevant two-financial-year assessment. Different rules apply to newly incorporated companies and continuing eligibility. A company that is part of a group must also consider the small-group conditions, including overseas entities. Other statutory exemptions or audit requirements may apply. Audit exemption does not by itself remove requirements to prepare financial statements or file them with ACRA. We can review your circumstances and, where an audit is needed, coordinate with an appropriately registered public accounting entity.
Yes. Our Singapore-based team supports local and international clients in English and Mandarin and can coordinate with overseas advisers where needed
Yes. We can coordinate company secretarial, accounting, tax, GST, payroll and related advisory work around one compliance calendar, subject to the agreed scope.
We first understand the entity and proposed services, then complete client acceptance and the customer due diligence required by applicable laws and professional obligations.
We aim to respond to new enquiries within one working day. Delivery timing is confirmed after we understand the scope, information available and relevant deadlines.
Still have questions? or Need further assistance?
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