At present, many Chinese enterprises have registered companies in Singapore to meet the needs of international business, including the international trade of traditional physical products, as well as emerging virtual products, such as mobile games,APPDomestic companies in overseas markets are also operating with Singaporean companies. soSingapore CorporationDo you have to entrust a Singapore CPA to do the audit every year like a Hong Kong company? The answer is not necessarily, it dependsSingapore CorporationIts own shareholders and its current business performance.

Singapore CorporationIf it complies with the Company Law205Bor205CChapter of the audit exemption clause, may be exempted from audit, Singapore company may be exempted from audit conditions include: 

a.The company owns no more than20Individual shareholders;

b.The shareholders of the company are all individual shareholders and there are no corporate shareholders.

c.The annual turnover of the company does not exceed1,000Ten thousand Singapore dollars.

If the above conditions are met,Singapore CorporationYou are exempt from auditing, but you still have to make financial reports and file tax returns.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.