What Happens After Company Incorporation in Singapore?

After a company is incorporated, several important steps must be taken.

Open Corporate Bank Account

Businesses should open a corporate bank account to manage financial transactions.

Appoint Company Secretary

This must be done within six months of incorporation.

Maintain Accounting Records

Companies must maintain proper financial records for at least five years.

Annual Compliance

Companies must file:

  • Annual returns with ACRA
  • Corporate tax with IRAS

Conclusion

Proper post-incorporation compliance ensures the company remains legally compliant.