We provide professional incorporation, immigration, accounting and compliance services for start-ups and small-to medium-sized firms.
At CorpXervices, our experience and qualified team assists companies in maintaining proper secretarial records while providing consulting guidelines on various structure options in their business formation and cater for all business needs.
We take pride in the work assigned to us and always go the extra mile to ensure that our clients are provided with utmost quality services and solutions for their businesses.
Our Specialisation:
- Incorporation
- Secretarial Services
- Virtual Office
- Accounting Services
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The effect of the COVID-19 crisis continues to be felt worldwide. In Singapore, a circuit breaker period was implemented from April 7 to June 1 to pre-empt escalating COVID-19 infections. It included temporary closure of businesses that are not listed as an essential service.
This post discusses the considerations that a company owner in Singapore must think about during the crisis. We also look at some of the support budget measures the government has underway to help companies in Singapore battle the effect of the pandemic.
Considerations in Company Decision Making During the COVID-19 Pandemic
Singapore’s circuit breaker period has ended on June 1 2020 but that does not mean returning to life before the pandemic.
The country’s government is now planning to gradually restart the economy under the new normal. With that said, companies in Singapore are starting to adopt strategies that will ensure business continuity amid the crisis.
Digital transformation
One of the huge effects of the pandemic is that the world needs to adapt to a new way of working: remotely. The digital transformation obliges Singapore companies to embrace a different experience for their customers and employees.
In doing so, both parties can work together and create solutions for business progression. The transformation includes the following:
Digital infrastructure and capacity
Cybersecurity
Data optimisation
Digital upskilling and transformation
Digital finance
Nevertheless, companies still need to pass resolutions despite the limitations in physical board and shareholder meetings. In Singapore, the Companies Act does not regulate board meetings, instead, it is conducted according to the constitution of the enterprise which varies from company to company.
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