Compliance Requirements for Shelf Companies in Singapore
Shelf companies in Singapore must adhere to specific compliance requirements. These include maintaining a registered office address, appointing a local resident director, and ensuring timely filing of annual returns with the Accounting and Corporate Regulatory Authority (ACRA). Additionally, shelf companies must keep accurate financial records and conduct regular audits if they exceed certain revenue thresholds. It’s essential to ensure compliance with tax obligations and any applicable licensing requirements, safeguarding the company's good standing while facilitating smooth business operations in Singapore.
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