IntheauditofaSingaporecompany,iftheSingaporecompanyhasinvestedsubsidiaries,theprogressandcostoftheauditwillbeaffectedtosomeextent,becauseiftheSingaporecompanyhasinvestedsubsidiaries,theaccountantwillasktheclienttoprovidethevaluationreportofthesubsidiaryduringtheaudit,andtheaccountantwillpayextrafeesforcheckingthevaluationreportaccordingtotheamountofwork.
ManycustomersafterthecompletionoftheregistrationofSingaporecompanies,becausetheregistrationtimeisdifferent,anddonotknowhowtocalculatetheannualaudittimeofSingaporecompanies,thentodayweusepracticalexamplestoexplainit,youcanalsocalculateitaccordingtothewaybelow.
AfterapplyingforGST(Goods&ServicesTax),aSingaporecompanyneedstomakeGSTdeclarationonaquarterlybasis.
Macaucompany,inaccordancewiththerequirementsoftheMacaucompanyregistration,itisnecessarytomakeinternationalnotarialcertificationoftheboardresolutionoftheSingaporecompanytoestablishaMacausubsidiaryandobtaintheHaguecertification.
Singaporecompaniesareregisteredwithlooseforeignexchangecontrolsandarehometoglobalbanks,makingiteasytoraisecapital.Singaporecompaniesarerequiredtoconductanannualauditoftheiraccounts.Butifitisinaccordancewiththecorporatelaw205Bor205CChapteroftheauditexemptionclause,thenonlydofinancialreports.
Itdoesn'tmatterifyouareregisteredwithaSingaporecompany,aHongKongcompany,aUKcompanyorBVICompaniesandsoon,theannualauditisanecessaryconditionforthenormaloperationofthecompany.InSingapore,annualauditsareonlyrequiredforprivatelimitedcompanies,whileunlimitedcompaniesonlyneedtorenewthem.