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Home/Posts/Cherrie Yee
Cherrie Yee

About Cherrie Yee

Cherrie Yee is an expert on small and medium enterprises. She has over 10 years of professional experience in corporate secretarial involving foreign companies, local companies as well as private companies.

2021 Revised XBRL Filing Requirements

ACRA (Accounting and Corporate Regulatory Authority) issued the Practice Direction No. 2 of 2020 to guide companies on the revised XBRL filing requirements and data elements. This move is part of their efforts to streamline the filing of financial statements (FS) using XBRL (eXtensible Business Reporting Language) software.  As a [...]

By |2021-02-27T16:18:49+08:00February 10th, 2021|XBRL|0 Comments

XBRL Basics: An Introduction For Singapore Business Owners

The Accounting and Corporate Regulatory Authority (ACRA) implemented XBRL financial reporting in 2007. XBRL or the eXtensible Business Reporting Language is managed by a not-for-profit organisation—XBRL International—that seeks to improve the accountability and transparency of companies globally. It is used in more than 50 countries providing a more effective and [...]

By |2021-02-27T16:18:22+08:00February 9th, 2021|XBRL|0 Comments

Essential Roles of a Company Secretary During COVID-19

It is the role of the company secretary and the board members to handle and resolve complex issues faced by the business amid the pandemic. The management works closely with the company secretary, who ensures that the employees are well-informed of the developments within the organisation. This article highlights some [...]

By |2021-02-02T19:20:06+08:00January 30th, 2021|Company Secretary|0 Comments

2020 Rules of Winding Up Singapore Companies According to IRDA

The rules for winding up companies in Singapore are set forth in the Insolvency, Restructuring and Dissolution Act (IRDA). This Act was first passed in Parliament on the 1st of October 2018 and commenced on the 30th of July 2020. With its introduction, the Bankruptcy Act has been repealed while [...]

By |2021-02-02T19:18:48+08:00January 23rd, 2021|Companies Winding Up Rules|0 Comments

How to Start a Business in Singapore: Start-up Capital

Capital is a necessity when establishing a business. However, the notion that it requires a large amount is a mere misconception. Read on to find out more about how to start a business in Singapore and how much start-up capital is needed. Starting a Business in Singapore The Lion City’s [...]

By |2020-09-26T08:18:19+08:00September 25th, 2020|Starting a Business in Singapore|0 Comments

Key Information on Singapore Start-ups

Start-ups in Singapore play a great role in keeping the country’s entrepreneurship ecosystem competitive. Not every one of them succeeds, but a majority still last more than a few years after their inception. With that said, the government continues to strengthen these enterprises, both individually and collectively by promoting the [...]

By |2020-09-23T14:19:24+08:00September 23rd, 2020|Start-up|0 Comments

Home Business Registration in Singapore

The COVID-19 pandemic has affected how people conduct business in Singapore. One of the most prominent changes is that more entrepreneurs are opting to register home-based businesses, allowing them to earn income without direct contact with other people. This article will discuss in more detail the process of home business [...]

By |2020-09-23T14:12:43+08:00September 20th, 2020|BizFile|0 Comments

How To Set Up A Company Limited By Guarantee in Singapore

Not all companies are created to turn a profit. In the case of non-profit organisations or charities, the best option for business owners in Singapore is to establish their enterprise as a company limited by guarantee. The key advantages of running a company limited by guarantee are the following: Includes [...]

By |2020-08-22T17:04:16+08:00August 20th, 2020|Company Limited by Guarantee Singapore|0 Comments

Understanding ACRA Singapore’s SSIC Requirements

To make it easier to classify Singaporean businesses by the types of economic activities they are engaged in, the Accounting and Corporate Regulatory Authority (ACRA) has introduced a system known as the Singapore Standard Industrial Classification (SSIC). An SSIC code is assigned to every business and is used for multiple [...]

By |2020-08-14T21:50:15+08:00August 13th, 2020|ACRA|0 Comments

SingPass: Why You Need It When You Incorporate in Singapore

Singapore Personal Access or SingPass is a digital signature that allows entrepreneurs to transact with over 60 government agencies in Singapore. It was launched in 2003 and is currently being managed by the Government Technology Agency (GovTech). The SingPass system is reviewed regularly to ensure that a secure transaction is [...]

By |2020-08-14T21:48:39+08:00August 13th, 2020|How to Register a Company in Singapore|0 Comments