Setup Company

• Formation of Company

• Prepare Constitution

• Prepare the First Resolutions of the Incorporation

• Lodgment with ACRA

Secretarial Services

• AGM Preparation

• Annual Return Filings

• Any basic resolution, unlimited. From changes of particulars, to share issuance or dividends.

Accounting

• Prepare management accounts, including Balance Sheet, Income Statement, Trial Balance and General Ledgers in accordance with the relevant accounting Standards

• Compile financial statements in accordance with Singapore Financial Reporting Standards

Taxation

• Assist to prepare and submit Estimated Chargeable Income (ECI) to IRAS

• Prepare tax computation

• Assist to submit annual tax returns to IRAS

• Prepare GST/VAT Returns

• Assist to submit GST/VAT Returns to the Tax Authority

• Prepare and assist to submit GST/VAT Statement of Remission for Qualifying Fund

• Prepare and assist to submit Annual Declaration for Qualifying Fund

MAS Licensing Application

• Providing advice on licensing / registration requirements

• Assisting in the preparation of the relevant forms and documents for the purposes of the CMS licence application / registration as a fund management company

• Assisting with putting together the required strategic business developmental plans, advising on headcount, projections and any other information in relation to the activities the Fund Manager may wish to carry out as part of the business 

• Reviewing of relevant documentation and information in support thereof provided by the Fund Manager

• Collating all relevant documents and preparing the final application pack for submission to the MAS

• Assisting the Fund Manager on engagements with MAS, be it addressing queries or attending meetings 

• Submitting the final application pack to the MAS

• Maintaining communication between all parties

• Reviewing all queries from MAS and providing guidance and/or draft language for responses

• Providing regulatory advice in relation to queries posed by the MAS

Regulatory Compliance

Human Resources

• Maintenance of staff’s records

• Prepare monthly payroll computation

• Generate monthly payslips, eg staff benefits, allowances and deductions

• CPF submission of payment advice per month

• Act as payroll administrator

• Prepare of Employer Returns (IR8A)

Tax  Planning

• Finalizing the structure and advising on any proposed changes from a tax efficiency perspective while meeting your commercial requirements and legal considerations

• Detailed tax note on the relevant Singapore fund tax incentive schemes applicable to your structure

• Advise on the Singapore tax implications for the income streams derived by the fund from the proposed investments and the distributions to its investors. Advise on the withholding tax requirements in Singapore and related exemptions, where available

• High-level comments on the Singapore GST implications for the Fund

• Advise on the Singapore tax residency requirements and other substance requirements for the Fund, including availability of treaty benefits under the applicable tax treaty.

Internal Audit

Gap Analysis

Family Office

• Advising on a suitable incentive based on the requirements, having preliminary discussions with the client to understand their objective, needs and concerns, providing our advice throughout the process including structuring advice.

• Assisting with the preliminary submission for tax incentive, including explaining the sources of funds to MAS (i.e. beneficial ownership of funds), qualifications of the chosen investment professionals, and answering MAS's queries.

• If the proposed structure involves an external asset manager ("EAM") which will then have an external agreement with the Family Office to engage the Family Office for advisory or consulting services, drafting and/or reviewing and commenting on the agreement(s) to be executed between the EAM and the Family Office, as well as the EAM and the Fund Vehicle which is applying for the tax incentive

• If requested by MAS, attending a call with MAS to discuss the submission

Company / Fund Structure

• Finalizing the structure and advising on any proposed changes from a tax efficiency perspective while meeting your commercial requirements and legal considerations

• Detailed tax note on the relevant Singapore fund tax incentive schemes applicable to your structure

• Advise on the Singapore tax implications for the income streams derived by the fund from the proposed investments and the distributions to its investors. Advise on the withholding tax requirements in Singapore and related exemptions, where available

• High-level comments on the Singapore GST implications for the Fund

• Advise on the Singapore tax residency requirements and other substance requirements for the Fund, including availability of treaty benefits under the applicable tax treaty.