Filing Annual Returns of a Local Company
All locally incorporated companies are required to hold their Annual General Meeting (AGM) and file their annual returns under S175, S197, and S201 of the Companies Act.
Companies can be incorporated if you are a foreign individual, a company, or if you are a local Singaporean Resident. At the AGM, directors shall present a true and fair view of the company’s accounts to their shareholders. The Companies Act does not prescribe the minimum level of qualifications for the person preparing the accounts.
However, it will be the responsibility of the directors to appoint individuals with the required level of expertise for the preparation of such accounts.