Knowledge base

Changes to the law which will impact Singapore based CSPs

Singapore's national regulator of business entities, Accounting and Corporate Regulatory Authority (ACRA) have introduced a number of legal changes and new legislation regarding how companies are required to file their annual returns, which will impact Corporate Service Providers (CSPs) in Singapore.


The amendment of the Assessment & Collection of Taxes Law in Cyprus

The amendments of the Assessment and Collection of Taxes Law 78/2014, made on the 20th of June, 2014 with regards to the Law 4/1978, is a clear demonstration of the Cyprus Government’s commitment to the reforms proposed by the Troika.


Complete withholding tax guide in Singapore 2015

Eltoma's experts have compiled some need to know information and we are happy to provide a complimentary downloadable guide to withholding tax Singapore in PDF format.


Russia set to launch total web control

In light of recent global events, Vladimir Putin, the Russian President, has declared that no measures restricting the Russian Web such as censorship or government-driven heavy regulations are to be undertaken. According to Mr Putin, the Government should take steps to provide Internet security for the purpose of state sovereignty.


Requirements for company liquidation in Singapore

There are various conditions a company must fulfil in order to be struck-off legitimately. One of the conditions is that the company must have filed all the tax returns until the date of the strike off. The Directors and Shareholders must ensure that any outstanding income, tax returns, accounts and tax computation have been submitted up to the date of cessation.


FATCA and its preliminary effects on Cyprus and Singapore banks

The Foreign Account Tax Compliance Act (FATCA) is a U.S. law with the purpose to detect and impede the evasion of tax by U.S. persons including individuals who live outside the country. The purpose of FATCA is to eliminate and discourage offshore tax evasion by citizens or residents.


Liquidation and voluntary winding up of a Singapore company

A Singapore company might decide to wind up as a result of various reasons and such procedures may be a challenging and lengthy task. The difficulties faced and time to complete is dependent upon many factors, including how well the company has been managed and administered throughout its existence, the method chosen for closing down and who performs such a processes.


Liquidation and voluntary winding up of a Cyprus company

A Cyprus company might decide to wind up as a result of various reasons and such procedures may be a challenging and lengthy task. The difficulties faced and time to complete is dependent upon many factors, including how well the company has been managed and administered throughout its existence, the method chosen for closing down and who performs such a processes.


How to set up a Singapore trust

Singapore is gaining more attraction as a trust jurisdiction internationally. A range of factors have contributed to achieving a reputable offshore trust status, including but not limited to the following reasons: