Frequently Asked Questions

What steps are involved in setting up a company in Singapore?
The process begins with choosing an entity type and reserving a business name through ACRA. Next, constitutional documents such as the memorandum and articles of association are prepared, and officer appointments are documented. Required statutory filings and fee payments follow, after which the registration is approved. CorpLegal supports each stage to ensure clarity and timely completion.
How long does it take to incorporate a business?
In most cases, incorporation can be completed within 3 to 5 business days once all required information and documents are submitted. Complex structures or additional regulatory approvals may extend this timeframe. CorpLegal works proactively to gather necessary details and Liaise with authorities to minimize delays.
Can CorpLegal help with drafting business contracts?
Yes. We provide drafting and review services for a wide range of corporate agreements, including service contracts, confidentiality agreements, vendor arrangements and partnership protocols. Our goal is to ensure that each document accurately reflects negotiated terms, mitigates risks and aligns with applicable regulations.
What is included in a compliance audit?
A compliance audit involves reviewing statutory filings, internal policies, board resolutions and reporting processes to identify gaps against current legal requirements. CorpLegal evaluates licensing, disclosure obligations and recordkeeping practices, then recommends updates to strengthen controls and align procedures with regulatory standards.
How do I schedule a consultation with CorpLegal?
Typically within 1 to 3 weeks, depending on the Accounting and Corporate Regulatory Authority (ACRA) workload and completeness of documentation. CorpLegal assists by preparing Articles of Association, directors’ resolutions, and liaising with ACRA to streamline the process, ensuring submissions meet local requirements and avoid unnecessary delays.
What are the ongoing compliance requirements for a private limited company?
After incorporation, a private limited company must file Annual Returns with ACRA, hold an Annual General Meeting or obtain unanimous consents, maintain up-to-date statutory registers, and comply with reporting obligations under the Companies Act. CorpLegal offers ongoing support to manage deadlines and documentation so clients maintain good standing.
Can CorpLegal assist with drafting commercial contracts?
Yes. Our team drafts and reviews a wide range of commercial agreements, including supply contracts, service agreements, non-disclosure agreements, and joint venture terms. Each document is tailored to the parties’ objectives and risk profile, ensuring clarity and enforceability under Singapore law.
What should I consider when preparing stakeholder agreements?
Stakeholder agreements define rights and obligations, governance structures, decision-making processes, exit mechanisms, and dispute resolution procedures. It is essential to outline ownership transfer restrictions, distribution policies, board composition, and pre-emptive rights. CorpLegal collaborates with founders and investors to craft balanced terms that minimize the risk of future conflicts.
How do you support clients in mergers and acquisitions?
We conduct legal due diligence to identify potential risks, advise on optimal deal structures, prepare transaction documents such as term sheets and share purchase agreements, and coordinate closing activities. Our approach focuses on aligning commercial goals with regulatory requirements, providing clear guidance at each stage of the acquisition process.
Do you offer advice on corporate governance?
CorpLegal provides guidance on board duties, director responsibilities, stakeholder relations, and policy development. We assist clients in establishing effective governance frameworks, drafting board charters, and implementing best practices to foster accountability and transparency in line with the Singapore Code of Corporate Governance.
What experience does your team have in cross-border transactions?
Our team has handled a variety of cross-border matters, including establishment of regional holding structures, joint ventures across Southeast Asia, and inbound corporate advisory for setting up regional operations. We coordinate with local counsel in other jurisdictions to ensure seamless execution and consistency with Singapore’s regulatory landscape.
How does CorpLegal charge for its services?
We offer flexible fee arrangements including hourly billing, fixed fees for specific deliverables such as company registration, and subscription packages for ongoing advisory. Fee structures are discussed upfront to align with project scope and client needs, ensuring transparency and effective budget management.
How can I start working with CorpLegal?
You can schedule an initial consultation through our website or contact us at +6582047907. During this session, we will discuss your objectives, review relevant documents, and outline the next steps. Our office is located at 10 Bayfront Avenue, Marina Bay Sands, Singapore 018956.