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Frequently Asked Questions

What happens if a company fails to comply with Singapore’s regulatory requirements?

Non-compliance can lead to fines, prosecution, license suspension, and reputational harm. Early legal intervention can reduce risk.

Do small businesses need compliance support?

Yes. All companies, regardless of size, must meet statutory obligations and sector-specific rules.

How often should compliance policies be updated?

At least annually, or whenever there are legislative updates or changes in business operations.

Can a lawyer help respond to a regulatory investigation or audit?

Absolutely. Legal guidance is critical when engaging with regulators to ensure accurate reporting and minimal liability.

What is the difference between a share purchase and an asset purchase?

In a share purchase, the buyer acquires ownership of the company as a whole. In an asset purchase, only selected assets and liabilities are transferred.

Do all M&A deals require Competition Commission approval?

Not all, but certain transactions that may reduce competition in Singapore markets may require clearance under the Competition Act.

Can I structure a deal to limit liability exposure?

Yes. Your lawyer can structure indemnities, warranties, and escrows to mitigate risks.

What are common post-closing issues in M&A?

These include integration of employees, assignment of contracts, IT systems transition, and compliance with earn-out or payment terms.

Do I need to pay stamp duty when buying property?

Yes. Buyers are subject to Buyer’s Stamp Duty (BSD) and may also be subject to Additional Buyer’s Stamp Duty (ABSD) depending on residency status.

How long does it take to incorporate a company in Singapore?

Most companies can be incorporated within 1–2 business days if all documents and approvals are in order.

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