1!function(){try{var e="undefined"!=typeof window?window:"undefined"!=typeof global?global:"undefined"!=typeof self?self:{},t=Error().stack;t&&(e._sentryDebugIds=e._sentryDebugIds||{},e._sentryDebugIds[t]="490c79bf-efed-498c-942b-00c7417dad8b",e._sentryDebugIdIdentifier="sentry-dbid-490c79bf-efed-498c-942b-00c7417dad8b")}catch(e){}}();"use strict";(self.webpackChunk_N_E=self.webpackChunk_N_E||[]).push([[6758],{6599:function(e,t,n){var o=n(5893);n(7294);var a=n(1163),i=n(3193);t.Z=function({isNewTab:e,children:t,className:n="",type:r="Primary",url:s,variant:c="Solid",onClick:l,isATag:d,style:u={}}){let p=(0,a.useRouter)(),h="",m="grYellow-500";async function y(){l?l():s&&(e?window.open(s):await p.push(s))}"Primary"!==r&&(m="white"),"Outline"===c?h+=` bg-transparent text-${m} border-2 border-${m}`:h+=` bg-${m} text-white`;let g={className:`${n} ${h} rounded-3xl py-2 px-4 z-10 ${l||s?"cursor-pointer":""}`,style:u};if(!d)return(0,o.jsxs)("button",{...g,onClick:y,children:[t,i.uX&&(0,o.jsxs)(o.Fragment,{children:[(0,o.jsx)("br",{}),(0,o.jsx)("span",{className:"text-gray-500 w-[300px] break-all",children:s})]})]});{let e={...g,target:"_blank",href:s};return(0,o.jsxs)("a",{...e,children:[t," ",i.uX&&(0,o.jsxs)(o.Fragment,{children:[(0,o.jsx)("br",{}),(0,o.jsx)("span",{className:"text-gray-500 w-[300px] break-all",children:s})]})]})}}},6258:function(e,t,n){n.d(t,{BT:function(){return v},B_:function(){return C},Br:function(){return c},ET:function(){return r},FX:function(){return A},IC:function(){return S},Iw:function(){return I},LK:function(){return g},PO:function(){return u},Sd:function(){return j},Xf:function(){return s},Z4:function(){return p},ZP:function(){return l},gc:function(){return d},j:function(){return k},kJ:function(){return m},l0:function(){return b},oV:function(){return x},qW:function(){return w},rU:function(){return h},vY:function(){return f},zB:function(){return y}});var o=n(5893);n(7294);var a=n(1664),i=n.n(a);let r=[{id:1,title:"Where can I check the status of my PSG application?",content:(0,o.jsxs)(o.Fragment,{children:["Applicants can log in to the ",(0,o.jsx)("a",{target:"_blank",href:"https://www.businessgrants.gov.sg/",children:"Business Grants Portal (BGP)"})," with their CorpPass to track the status of their PSG application."]})},{id:2,title:"Can sole proprietorships and partnerships apply?",content:"Yesâthey're eligible as long as they meet the basic criteria above."},{id:3,title:"Can I apply for PSG after making a purchase?",content:" No. Any payment or depositâbefore your applicationâmakes it ineligible. Applications must be submitted before vendor engagement."},{id:4,title:"Is there a grant cap?",content:" Yes. PSG provides up to S$30,000 per company per financial year (April to March). The cap applies across all solution categories."},{id:5,title:"What are the processing timelines?",content:"Applications typically take around 6 weeks for processing after all documents are submitted."},{id:6,title:"How does disbursement work?",content:" Youâll get reimbursed after all claims are approved. Use PayNow Corporate for faster payouts (about 14 working days), or GIRO, which may take up to 8 weeks."}],s=[{id:1,title:"Do I need to come to your office to set up a company?",content:(0,o.jsx)(o.Fragment,{children:"No need to visit our officeâstart your company setup fully online. Got questions through the setup? Just give us a shout, and weâll guide you from start to finish, all from the serenity of your home."})},{id:2,title:"How quickly can my company be incorporated?",content:(0,o.jsx)(o.Fragment,{children:"With Grofâs proprietary onboarding platform, the process has never been easier. Once completed, incorporating a company typically takes 1-2 working days. If ACRA decides to take a closer peek, it might take a tad longer, but we'll be with you every step of the way."})},{id:4,title:"Is appointing a company secretary necessary?",content:(0,o.jsx)(o.Fragment,{children:"Absolutely, it's not just necessary; it's required by law. You need to appoint a Company Secretary within 6 months of incorporating your company. They play a crucial role in ensuring your company meets all legal and regulatory obligations."})},{id:5,title:"Can I take on the role of company secretary myself? What does a company secretary do?",content:(0,o.jsxs)(o.Fragment,{children:[" If you're living in Singapore and you're not the only director, then yes, you can assume the role of Company Secretary. However, it's important that whoever takes on this role is fully aware of the company's statutory obligations requirements, such as Annual General Meetings (AGM), ACRA Annual Return, IRAS ECI, and Form C-S. Curious about what they do? Learn more about the obligations and requirements of a company secretary ",(0,o.jsx)("a",{href:"https://grof.co/corporate-compliance",children:"here."})]})},{id:6,title:"What is an Annual General Meeting (AGM) and how is it linked to my Annual Return Filing (AR)?",content:(0,o.jsxs)(o.Fragment,{children:["Your AGM is a mandatory yearly requirement for all Singapore companies where you share the company's financial health and address key matters with shareholders. After your AGM, you'll file an Annual Return (AR) to confirm you've met all statutory requirements for the year. For more details on whatâs required, take a look ",(0,o.jsx)("a",{href:"https://grof.co/sg/blog/your-annual-regulatory-compliance-timeline-for-singapore-businesses",children:"here"}),"."]})},{id:7,title:"Where can I learn more about starting a company in Singapore?",content:(0,o.jsxs)(o.Fragment,{children:[(0,o.jsx)("p",{children:"Weâve got just the resources for you: "}),(0,o.jsxs)("ul",{children:[(0,o.jsxs)("li",{children:[(0,o.jsx)("a",{href:"https://grof.co/blog/newbie's-guide-to-start-sme-in-singapore-",rel:"noopener noreferrer",target:"_blank",style:{color:"rgb(255, 153, 0)"},children:"Newbieâs Guide to Start SME in Singapore"}),(0,o.jsx)("span",{style:{color:"rgb(255, 153, 0)"},children:"."})]}),(0,o.jsxs)("li",{children:[(0,o.jsx)("a",{href:"https://grof.co/blog/10-things-to-consider-before-incorporating-a-new-company-",rel:"noopener noreferrer",target:"_blank",style:{color:"rgb(255, 153, 0)"},children:"10 Things to Consider before Incorporating a New Company"}),(0,o.jsx)("span",{style:{color:"rgb(255, 153, 0)"},children:"."})]})]}),(0,o.jsx)("p",{children:"Check them out to get a comprehensive overview of what to expect and how to prepare."})]})}],c=[{id:1,title:"Do I need to come to your office to set up a company?",content:(0,o.jsx)(o.Fragment,{children:"No need to visit our officeâstart your company setup fully online. Got questions through the setup? Just give us a shout, and weâll guide you from start to finish, all from the serenity of your home."})},{id:2,title:"How quickly can my company be incorporated?",content:(0,o.jsx)(o.Fragment,{children:"With Grofâs proprietary onboarding platform, the process has never been easier. Once completed, incorporating a company typically takes 1-2 working days. If ACRA decides to take a closer peek, it might take a tad longer, but we'll be with you every step of the way."})},{id:3,title:"Can I be a director or shareholder if I hold a Work Permit/S-Pass?",content:(0,o.jsxs)(o.Fragment,{children:["We wish we had better news, but alas, S Pass or Work Permit holders canât manage or own parts of any business in Singapore. Itâs a bummer, we know. If youâre interested in exploring more about the Employment Pass application and its requirements, read: ",(0,o.jsx)("a",{href:"https://grof.co/corporate-compliance",children:"Every Type Of Work Passes You Should Know in Singapore"})]})},{id:4,title:"Is appointing a company secretary necessary?",content:(0,o.jsx)(o.Fragment,{children:"Absolutely, it's not just necessary; it's required by law. You need to appoint a Company Secretary within 6 months of incorporating your company. They play a crucial role in ensuring your company meets all legal and regulatory obligations."})},{id:5,title:"Can I take on the role of company secretary myself? What does a company secretary do?",content:(0,o.jsxs)(o.Fragment,{children:[" If you're living in Singapore and you're not the only director, then yes, you can assume the role of Company Secretary. However, it's important that whoever takes on this role is fully aware of the company's statutory obligations requirements, such as Annual General Meetings (AGM), ACRA Annual Return, IRAS ECI, and Form C-S. Curious about what they do? Learn more about the obligations and requirements of a company secretary ",(0,o.jsx)("a",{href:"https://grof.co/corporate-compliance",children:"here."})]})},{id:6,title:"What is an Annual General Meeting (AGM) and how is it linked to my Annual Return Filing (AR)?",content:(0,o.jsxs)(o.Fragment,{children:["Your AGM is a mandatory yearly requirement for all Singapore companies where you share the company's financial health and address key matters with shareholders. After your AGM, you'll file an Annual Return (AR) to confirm you've met all statutory requirements for the year. For more details on whatâs required, take a look ",(0,o.jsx)("a",{href:"https://grof.co/sg/blog/your-annual-regulatory-compliance-timeline-for-singapore-businesses",children:"here"}),"."]})},{id:7,title:"Where can I learn more about starting a company in Singapore?",content:(0,o.jsxs)(o.Fragment,{children:[(0,o.jsx)("p",{children:"Weâve got just the resources for you: "}),(0,o.jsxs)("ul",{children:[(0,o.jsxs)("li",{children:[(0,o.jsx)("a",{href:"https://grof.co/blog/newbie's-guide-to-start-sme-in-singapore-",rel:"noopener noreferrer",target:"_blank",style:{color:"rgb(255, 153, 0)"},children:"Newbieâs Guide to Start SME in Singapore"}),(0,o.jsx)("span",{style:{color:"rgb(255, 153, 0)"},children:"."})]}),(0,o.jsxs)("li",{children:[(0,o.jsx)("a",{href:"https://grof.co/blog/10-things-to-consider-before-incorporating-a-new-company-",rel:"noopener noreferrer",target:"_blank",style:{color:"rgb(255, 153, 0)"},children:"10 Things to Consider before Incorporating a New Company"}),(0,o.jsx)("span",{style:{color:"rgb(255, 153, 0)"},children:"."})]})]}),(0,o.jsx)("p",{children:"Check them out to get a comprehensive overview of what to expect and how to prepare."})]})}],l=[{id:1,title:"What are corporate incorporation specialists?",content:(0,o.jsx)(o.Fragment,{children:"Corporate incorporation specialists are professionals who help register new businesses. They manage each step of the process to ensure full compliance. Grof provides reliable support to help you set up your company smoothly and confidently"})},{id:2,title:"Why should I choose a corporate incorporation specialist in Singapore?",content:(0,o.jsx)(o.Fragment,{children:"A corporate incorporation specialist in Singapore understands the regulations and requirements needed for proper registration. Grof offers expert assistance to simplify the entire process and avoid costly mistakes."})},{id:3,title:"What do Grofâs corporate incorporation services include?",content:(0,o.jsx)(o.Fragment,{children:"Grofâs corporate incorporation services in Singapore include company name search, advice on business structure, preparation of documents, registration with ACRA, and appointment of key officers. Everything is handled clearly and efficie
1ntly"})},{id:4,title:"How long does it take to complete the incorporation process with Grof?",content:(0,o.jsx)(o.Fragment,{children:"The incorporation process usually takes one to three working days once all documents are ready. Grof keeps you informed throughout and ensures every step is completed accurately."})},{id:5,title:"Can Grof help foreign business owners incorporate a company in Singapore?",content:(0,o.jsx)(o.Fragment,{children:"Yes. Grof provides clear guidance for foreign clients who wish to start a business in Singapore. Our team explains all requirements and offers additional services like nominee directors and local address support if needed."})}],d=[{id:1,title:"What are corporate incorporation specialists?",content:"Corporate incorporation specialists are professionals who handle the full process of registering a company, from checking and reserving your company name with ACRA to preparing your constitution, director and shareholder documents, and filing your application through BizFile+. At Grof, every client is assigned a named specialist who stays with you after registration."},{id:2,title:"Why should I choose a corporate incorporation specialist in Singapore?",content:"A specialist makes sure your application is right the first time. We flag name issues, help you choose the correct SSIC code and share structure, and make sure you meet every Companies Act requirement, so your registration isn't delayed or rejected. You also start with a company secretary and compliance calendar already in place."},{id:3,title:"What do Grofâs corporate incorporation services include?",content:"Our Kick Start package from S$ 650 includes name check, SSIC advisory, your company constitution, pre- and post-incorporation documents, and S$ 315 in government fees. It also comes with 12 months of a named company secretary, AGM and annual return filing, unlimited standard resolutions, and management of your statutory registers."},{id:4,title:"How long does it take to complete the incorporation process with Grof?",content:"Most company names are approved by ACRA within hours. Once your documents are signed and filed through BizFile+, registration typically completes within 7 business days. It can take longer if ACRA refers your application to another government agency for review."},{id:5,title:"Can Grof help foreign business owners incorporate a company in Singapore?",content:"Yes. Every Singapore company needs at least one locally resident director, so foreign business owners usually appoint a nominee director. Speak to our team through the form above and weâll walk you through the options."}],u=[{id:1,title:"What are corporate secretary services in Singapore?",content:(0,o.jsx)(o.Fragment,{children:"Corporate secretary services in Singapore cover essential compliance tasks such as filing annual returns, maintaining statutory records, and ensuring adherence to ACRA regulations. Grof offers end-to-end support through trusted professionals."})},{id:2,title:"Why do I need a corporate secretary in Singapore?",content:(0,o.jsx)(o.Fragment,{children:"Every Singapore-incorporated company must appoint a qualified corporate secretary within six months. Grof ensures you meet all legal requirements with timely filings and expert governance support."})},{id:3,title:"How can Grof help with corporate secretary services Singapore businesses need?",content:(0,o.jsx)(o.Fragment,{children:"Grof provides comprehensive corporate secretary services, including document preparation, AGM support, and real-time compliance tracking, designed to suit businesses of all sizes."})},{id:4,title:"What makes Grofâs corporate secretary services different?",content:(0,o.jsx)(o.Fragment,{children:"Grof combines technology with personal service. Our dashboard simplifies compliance tracking while our experts provide hands-on support tailored to your business needs."})},{id:5,title:"Can I switch to Grofâs corporate secretary services easily?",content:(0,o.jsx)(o.Fragment,{children:"Yes. Switching is simple. Grof will guide you through the handover process and ensure all records are up-to-date, with minimal disruption to your operations."})}],p=[{id:1,title:"What is included in accounting and bookkeeping services?",content:(0,o.jsx)(o.Fragment,{children:"Accounting and bookkeeping services typically include daily transaction recording, bank reconciliation, monthly and annual financial reporting, ledger updates, and account tracking. Grof provides complete support to keep your records accurate and fully compliant with local standards."})},{id:2,title:"What are the benefits of outsourced accounting services in Malaysia?",content:(0,o.jsx)(o.Fragment,{children:"Outsourced accounting services reduce overhead costs, improve financial accuracy and ensure timely reporting. With Grof, you gain access to experienced professionals without the need to build an internal finance team."})},{id:3,title:"Are accounting & bookkeeping services tax-deductible?",content:(0,o.jsx)(o.Fragment,{children:"Yes. Fees paid for accounting & bookkeeping services are usually classified as business expenses and can be deducted when filing taxes. Grof helps you structure your accounts for maximum tax efficie
1ncy"})},{id:4,title:"How can accounting services in KL support business growth?",content:(0,o.jsx)(o.Fragment,{children:"Reliable accounting services in KL help businesses understand their financial health, manage cash flow and plan for the future. Grof provides clear reports and insights that support confident and informed business decisions."})},{id:5,title:"Does Grof offer accounting consultation services?",content:(0,o.jsx)(o.Fragment,{children:"Yes. Grof provides accounting consultation services to help you improve your financial processes, understand your business position, and make more informed decisions. Our consultants tailor their advice based on your goals and industry needs."})},{id:6,title:"How much do accounting fees cost in Malaysia with Grof?",content:(0,o.jsxs)(o.Fragment,{children:[(0,o.jsx)("a",{href:"https://grof.co/my/blog/essential-guide-annual-fees-for-sustaining-your-sdn-bhd",target:"_blank",children:"Accounting fees in Malaysia"})," with Grof depend on the services you require. We offer competitive pricing tailored to your business needs, starting from RM170 monthly. For detailed pricing, we recommend scheduling a consultation with our team."]})}],h=[{id:1,title:"What is included in Grof's accounting services in Singapore?",content:"Grof's accounting services include monthly bookkeeping, bank reconciliation, management accounts, annual ACRA filing, corporate tax (Form C / C-S / C-S Lite), ECI, and GST registration and quarterly filing. Growth and Scale plans include payroll â CPF, IR8A, and payslips. All plans run on Xero at no extra charge, and every client gets a named Singapore-based accountant."},{id:2,title:"How do I find an accountant for a small business in Singapore?",content:"Look for an accounting firm in Singapore that specialises in SMEs, offers cloud accounting software, assigns a named accountant rather than a ticketing queue, and publishes fixed pricing. Grof ticks all four. Compare providers on price transparency, technology stack, and whether payroll and GST are bundled."},{id:3,title:"What is the difference between bookkeeping and accounting in Singapore?",content:"Bookkeeping is the day-to-day recording of transactions â categorising expenses, reconciling bank statements, maintaining ledgers. Accounting is the higher-level work: financial statements, tax filings, management accounts, and advisory. Grof bundles both so you do not need to hire separately."},{id:4,title:"Is accounting mandatory for companies in Singapore?",content:"Yes. All companies in Singapore must maintain proper accounting records under Section 199 of the Companies Act. Records must explain the company's transactions and financial position and must be kept for at least 5 years. Companies must also file annual corporate tax returns with IRAS and file annual returns with ACRA."},{id:5,title:"Can I switch from another accounting firm to Grof?",content:"Absolutely. We make the transition seamless on your end. We'll get in touch directly with your current accounting service provider, take over all your financial documents, and review them to make sure your company is compliant. We check necessary reports and migrate all your data. We offer ongoing advice about relevant tax exemptions, helping you navigate the tax system smartly."},{id:6,title:"What are payroll accounting services and does Grof offer them in Singapore?",content:"Payroll accounting services cover the full process of calculating employee salaries, CPF contributions, deductions, and statutory filings â and ensuring every entry is correctly recorded in your books. In Singapore this includes monthly CPF submissions to the CPF Board, MOM-compliant payslips, annual IR8A and AIS submissions to IRAS, and IR21 clearance for foreign employees leaving Singapore."}],m=[{id:1,title:"What can an outsourced accountant from Grof do for my business?",content:"A Grof outsourced accountant handles essential financial tasks such as bookkeeping, payroll, tax filing, and monthly reportsâfreeing up your time so you can focus on business growth."},{id:2,title:"Why choose Grof as your outsourced accountant in Singapore?",content:(0,o.jsx)(o.Fragment,{children:"Grofâs outsourced accountant in Singapore provides expert support with local tax regulations and compliance, offering reliable, cost-effective solutions for businesses of all sizes."})},{id:3,title:"Can I outsource both accounting and tax services to Grof? ",content:(0,o.jsx)(o.Fragment,{children:"Yes. Many businesses outsource accounting and tax to Grof for a streamlined experience. From tax planning to IRAS filings, everything is managed under one roof to keep your business compliant and efficie
1nt."})},{id:4,title:"How do Grofâs outsourced accounting and bookkeeping services benefit growing businesses?",content:(0,o.jsx)(o.Fragment,{children:"Grofâs outsourced accounting and bookkeeping services give growing businesses access to professional financial expertise without the cost of a full in-house team. This allows for better cash flow management, accurate reporting, and smarter financial decisions as the business scales."})}],y=[{id:1,title:"What is Singapore's current GST rate?",content:(0,o.jsx)(o.Fragment,{children:"The GST rate is 9%, which has been effective since the 1st of January 2024."})},{id:2,title:"How do I find my GST Number?",content:(0,o.jsx)(o.Fragment,{children:"Your GST Number is the same as your company's Unique Entity Number (UEN)."})},{id:3,title:"What are the consequences of not filing GST?",content:(0,o.jsx)(o.Fragment,{children:"Failing to file your GST returns can lead to a domino effect of non-compliance, where you can't file for subsequent months, potentially incurring heavy penalties and fines."})},{id:4,title:"How long will it take to process my GST registration?",content:(0,o.jsx)(o.Fragment,{children:"The Inland Revenue Authority of Singapore (IRAS) typically processes GST registration within 10 working days."})},{id:5,title:"Can I claim GST on expenses before my registration date?",content:(0,o.jsx)(o.Fragment,{children:"You can claim GST on certain expenses incurred within 6 months prior to your registration, like unsold goods. However, you cannot claim GST for services such as cleaning incurred before registration."})},{id:6,title:"Will I be automatically registered for GST?",content:(0,o.jsx)(o.Fragment,{children:"No, you must register for GST if your taxable turnover exceeds S$1 million over the past 12 months, or if you expect it to exceed that amount in the next 12 months."})},{id:7,title:"What happens after my GST registration is approved?",content:(0,o.jsx)(o.Fragment,{children:"Once approved, IRAS will send you a confirmation letter that includes your GST registration number and the start date for when you need to begin charging GST. From the start date, you should include your GST number on all invoices and official documents."})},{id:8,title:"What are my responsibilities after registering for GST?",content:(0,o.jsx)(o.Fragment,{children:" As a GST-registered entity, you're expected to manage several responsibilities to remain compliant. You should be using GIRO for your transactions, actively ensuring that your business makes taxable supplies within two years of registration, and meeting all IRAS compliance requirements. Grof offers comprehensive accounting and bookkeeping solutions to help you stay on top of these obligations, so you can focus on what you do best â running your business."})}];o.Fragment,o.Fragment,o.Fragment;let g=[{id:1,title:"What does SSIC mean?",content:(0,o.jsx)(o.Fragment,{children:"The Singapore Standard Industrial Classification (SSIC) is a four-digit number that tells local authorities what a Singapore companyâs primary source of revenue is. It is used by the Singapore government to analyse economic activity. Singapore uses the SSIC for its population, household, and industry censuses. Companies are required to register for the SSIC code, which is based on the internationally recognized standard for classification of all economic activities (ISIC). The SSIC code is purely administrative, and the registering company is not liable for additional reporting or tax. Data are collected by Singapore government bodies under the SSIC code for taxonomy purposes, such as compiling, presenting, and analysing current economic structures."})},{id:2,title:"How many SSIC codes can a company have?",content:(0,o.jsx)(o.Fragment,{children:"There is a limit of two SSIC codes for a company. Companies with multiple activities/revenue streams may find it difficult to list on Bizfile, as ACRA allows only two business activities per company. In this case, the two activities having maximum revenue shall be listed with ACRA. Whenever you register a new company, ACRA will review your registration documents. To ensure that information is accurate and complete, some documents are sent to other government agencies. You may have to submit additional documentation to be approved for your business registration if you register for the wrong SSIC code."})},{id:3,title:"How do I change an SSIC code?",content:(0,o.jsx)(o.Fragment,{children:"Just as your business is not static, so is the SSIC code list. Changes in the codes may mean that your companyâs SSIC code is no longer valid. Meanwhile, your company may have changed its primary activity over time, and your SSIC is no longer relevant. If you are a director, it is your responsibility to keep it accurate. A wrong SSIC code may prevent you from getting the relevant permits or licenses unless you apply for the correct one. You may not be able to access government incentives targeted at specific business sectors. It is possible that the directors provided inaccurate public data. These codes can easily be checked online, so you donât have to worry about getting the wrong one. To determine the correct category, seek professional advice if in doubt. A change of the SSIC code, whether due to the change introduced by the Department of Statistics or whether it is due to an actual change of principal activities driven by operational or economic needs, must be approved by the directors via formal directorsâ resolutions. After submitting the SSIC code, it cannot be changed. In this case, you must withdraw the application and resubmit a new application with the correct SSIC code."})},{id:4,title:"How to find a full SSIC codes list?",content:(0,o.jsx)(o.Fragment,{children:"The most recent version of the full SSIC Codes list can be found on the Department of Statistics' Singapore official website. In population, household and establishment surveys, census data and administrative databases, Singapore Standard Industrial Classification (SSIC) is used for the classification of economic activities performed by economic units. This system is based on the International Standard Industrial Classification of All Economic Activities (ISIC). The standards are regularly reviewed and updated to reflect significant changes in the structure of the Singapore economy and the emergence of new activities as well as to align with changes in international standards."})},{id:5,title:"What things should I know when choosing SSIC??",content:(0,o.jsx)(o.Fragment,{children:"To incorporate your company, you will be asked to pick and submit an SSIC code â a number that identifies your future business entity as a restaurant or a wedding agency or a coffin maker. In other words, these codes indicate what your company does and in what field. To pursue adequate policies, Singapore needs to know what businesses are present in the country. A system of SSIC codes simplifies communication between the companies and the authorities. With the help of SSIC codes, the state collects the aggregated data, analyzes it and identifies trends. SSIC codes also help to determine whether a company needs a license or not."})},{id:6,title:"What are the SSIC code limits for Singapore companies?",content:(0,o.jsx)(o.Fragment,{children:"A company may have a maximum of two SSIC codes. As ACRA only allows two business activities per company, companies with multiple activities/revenue streams may have difficulty listing on Bizfile. In this case, choose the two activities with the most revenue. ACRA will review your registration documents when you register a new company. Some documents are sent to other government agencies to ensure that the information is accurate and complete. If you register for the wrong SSIC code, you may
1need to submit additional documentation before your business registration is approved. Do check to ensure that there will be no delays on your incorporation."})},{id:7,title:"How do I find my SSIC code?",content:(0,o.jsx)(o.Fragment,{children:"If you are a new company, then registering with the correct SSIC code is essential. To find out the correct SSIC code for the new company, you need to head over to the official Government site Bizfile here: Type words that describe your business activities in the search bar. Use the most common keywords for your industry. You can also try variations till the system pulls up a category that seems closest to your work. The site will show SSIC categories. You can select the one that is closest to your business activities. If you can't find anything relevant, then we recommend checking this detailed list."})}],f=[{id:1,title:"Choose a Unique Name",content:(0,o.jsx)(o.Fragment,{children:"This means making sure no other businesses have the same or a similar one. Some rules to take note of to determine if a company name is âsimilarâ to that of an existing company: the symbol â&â and the word âandâ as the same the following words and expressions where they appear at the end of the name unless the corporations are related to each other: âcompanyâ, âand companyâ, âcorporationâ, âIncorporatedâ, âAsiaâ, âAsia Pacificâ, âInternationalâ, âSingaporeâ, âSouth Asiaâ, âSouth East Asiaâ and âWorldwideâ"})},{id:2,title:"Use the Correct Suffix",content:(0,o.jsx)(o.Fragment,{children:"Depending on whether your company is a private or public company, the suffix used will be different. A commonly used suffix for private companies is Pte. Ltd."})},{id:3,title:"Choose a Desirable Name",content:(0,o.jsx)(o.Fragment,{children:"The meaning is undesirable due to it being obscene, religious, or not indicative of what your company is or does. Or if The Minister of Finance orders the Registrar to not approve it"})}],b=[{id:1,title:"Ready to join Grof? Here's how to get started:",content:(0,o.jsxs)(o.Fragment,{children:["Begin your Grof journey on our ",(0,o.jsx)("a",{href:"https://app.grof.co/onboarding/account-creation",children:"Grof Sign Up Page"}),". A straightforward application awaits you, with approval being the final step to your new financial adventure."]})},{id:2,title:"How long does opening account takes?",content:(0,o.jsx)(o.Fragment,{children:"The typical account opening process could just be as fast as 2 working days, subject to approval. In contrast to traditional banks, which will typically take approximately 4-8 weeks."})},{id:3,title:"What are the documents needed to open an account?",content:(0,o.jsxs)(o.Fragment,{children:["Basic organisation details",(0,o.jsxs)("ol",{className:"mt-0",children:[(0,o.jsx)("li",{children:"Business name"}),(0,o.jsx)("li",{children:"Unique Entity Number (UEN)"})]}),"Organisation detailed information",(0,o.jsxs)("ol",{className:"mt-0",children:[(0,o.jsx)("li",{children:"Annual turnover"}),(0,o.jsx)("li",{children:"Number of Full-Time Equivalent (FTE)"}),(0,o.jsx)("li",{children:"Business activities"}),(0,o.jsx)("li",{children:"Countries with business activities"}),(0,o.jsx)("li",{children:"Registered address"})]}),"Other business documents",(0,o.jsxs)("ol",{className:"mt-0",children:[(0,o.jsx)("li",{children:"Bizfile"}),(0,o.jsx)("li",{children:" NRIC for Singaporean locals; Passport and Power of Attorney (POA) for foreigners"}),(0,o.jsx)("li",{children:"Selfie with your ID"})]})]})}],w=[{id:1,title:"Is Grof Corporate Card available in physical form?",content:(0,o.jsx)(o.Fragment,{children:"Grof Corporate Card is available exclusively in virtual form, which makes it easy to distribute globally without delays. You and your team can start using it immediately, and it helps capture transaction details quickly and effortlessly."})},{id:2,title:"Can I freeze my card if there are fraudulent activities?",content:(0,o.jsx)(o.Fragment,{children:"Yes, you can! Easily freeze or cancel cards right from the 'Cards' section. Plus, you can also keep an eye on all card transactions and quickly approve additional budget within our app. It's that simple!"})},{id:3,title:" Is Grof Corporate Card a debit or credit card?",content:(0,o.jsx)(o.Fragment,{children:"Grof Corporate Card is a virtual debit card that comes with a predetermined, fixed balance. These
1cards are issued by designated approvers to authorised users within your company. This system offers a secure and controlled way to manage your business expenses."})},{id:4,title:"How many cards can I create for one account?",content:(0,o.jsx)(o.Fragment,{children:"Great news, you have the flexibility to create an unlimited number of cards for various purposes, whether it's for budget allocation, managing your employees' expenses, or addressing specific use cases. With our platform, you're not limited by the number of cards you can create, ensuring that you have the freedom and control to meet your unique financial needs."})}],v=[{id:1,title:"What is expense management?",content:(0,o.jsxs)(o.Fragment,{children:["Expense management involves the processing of expense reports, approvals, and employee reimbursements through a structured system. Keeping track of your expenses is essential for businesses, even though the process can often be complex and convoluted.",(0,o.jsx)("br",{}),(0,o.jsx)("br",{}),"Our intuitive app simplifies reporting, approvals, and reimbursements, turning complex processes into a straightforward task. Upload bills, make payments, and keep a vigilant eye on your spendingâall with a few taps."]})},{id:2,title:"How does Grofâs expense management in Singapore benefit me?",content:(0,o.jsx)(o.Fragment,{children:" Itâs designed to streamline your spending tracking and cash flow management. Youâll receive timely payment reminders, nurture your credit standing, and have all the essential data for accounting at your fingertips."})},{id:3,title:"How will I know my bills have been settled?",content:(0,o.jsx)(o.Fragment,{children:"Grofâs expense management app seamlessly marks bills as paid directly from your business account. For any direct payments made, simply flag them in the app to monitor outflows and enjoy peace of mind with organised fund management for your business operations."})},{id:4,title:"Is Grof's business account equivalent to a bank account?",content:(0,o.jsx)(o.Fragment,{children:"While Grof isnât a bank, we've partnered with a MAS-regulated provider to offer a robust digital business solution. You can access a full suite of services, including account management, payment facilitation, and invoicing, all unified within our secure platform."})},{id:5,title:"How do I get the Grof App? ",content:(0,o.jsx)(o.Fragment,{children:"Grof is at your service on both desktop and mobile. Whether you use iOS or Android, our user-friendly app is ready to enhance your financial management experienceâdownload it today!"})},{id:6,title:"Are my funds protected with Grof? ",content:(0,o.jsx)(o.Fragment,{children:"Absolutely. Your funds are secured in MAS-regulated banks in Singapore, ensuring that only you have control over them. Rest assured, your finances with Grof are in safe hands."})},{id:7,title:"How to manage business expenses with Grof?",content:(0,o.jsx)(o.Fragment,{children:"Efficiently managing your business expenses is crucial for maintaining a healthy financial status. With Grof, you can streamline this process using our intuitive app. It allows you to capture and categorise expenses, set budget limits, and generate real-time reports. Our automated system also ensures that all entries are accurate, eliminating the hassle of manual tracking. By using Grofâs expense management in Singapore, you can focus on growing your business while we handle the complexities of expense management for you."})}],x=[{id:1,title:"What are business and corporate incorporation services in Malaysia, and why are they important?",content:(0,o.jsx)(o.Fragment,{children:"Business and corporate incorporation services help ensure that your company is properly registered and compliant with all legal requirements. These services streamline setup and reduce the risk of errors by handling documentation, approvals and tax registration professionally."})},{id:2,title:"How do I start the business and corporate incorporation process in Malaysia with Grof?",content:(0,o.jsx)(o.Fragment,{children:"To get started, youâll need to prepare details such as your company name, director and shareholder information, and constitution. Grof will guide you through each step of the business and corporate incorporation process to ensure smooth, efficient registration."})},{id:3,title:"What do business and corporate incorporation services in Malaysia include?",content:(0,o.jsx)(o.Fragment,{children:"These services typically cover company name search, registration with SSM, preparation of statutory documents, appointment of directors and shareholders, issuance of share certificates, and compliance with legal requirements under the Companies Act 2016."})},{id:4,title:"Do business and corporate incorporation services cover post-incorporation compliance?",content:(0,o.jsx)(o.Fragment,{children:"Yes. Grof provides post-incorporation support such as company secretary services, annual return filing, tax registration, and ongoing compliance to help your company remain in good standing after it is set up."})},{id:5,title:"How long does it take to complete business and corporate incorporation in Malaysia?",content:(0,o.jsx)(o.Fragment,{children:"The incorporation process can take from 3-7 working days once all documents are submitted. Grof ensures all paperwork is prepared accurately to speed up approvals and reduce delays."})}],S=[{id:1,title:"Does Malaysia allow 100% foreign ownership of a company?",content:(0,o.jsxs)(o.Fragment,{children:["Yes, Sdn Bhds and Llps can be fully owned by foreigners, with the exception of the aforementioned restricted and prohibited sectors. However, public listed Berhad companies are generally subject to the ",(0,o.jsx)("a",{href:"https://www.sc.com.my/api/documentms/download.ashx?id=03ee3c81-a970-458f-b01c-2dc1b885da9f",rel:"noopener noreferrer nofollow",target:"_blank",children:"Bumiputera Equity Requirement"})," where 12.5% of the enlarged number of issued shares must be allocated to Bumiputera investors."]})},{id:2,title:"Can a foreigner be the sole director?",content:(0,o.jsx)(o.Fragment,{children:"Yes, a foreigner can be both sole director and sole shareholder of a Sdn Bhd in Malaysia. If you have more questions about company directorship as a foreigner, send us a message today!"})},{id:3,title:"Whatâs the tax rate for foreign companies in Malaysia?",content:(0,o.jsx)(o.Fragment,{children:"Foreign companies are given the same 24% corporate tax rate as local companies."})}],k=[{id:1,title:"Why do businesses outsource company secretaries?",content:(0,o.jsxs)(o.Fragment,{children:["Most businesses in Malaysia do not need a full-time company secretary, so by outsourcing the role you will be able to save costs while ensuring that your secretarial responsibilities are still being handled by experienced professionals who assist you with compliance and provide practical solutions.",(0,o.jsx)("br",{}),"Here are some of the reasons why businesses in Malaysia outsource company secretary services:",(0,o.jsx)("br",{}),(0,o.jsx)("li",{children:"Cost savings"}),(0,o.jsx)("li",{children:"Compliance"}),(0,o.jsx)("li",{children:"Expertise"}),(0,o.jsx)("li",{children:"Focus on core business"})]})},{id:2,title:"What are corporate secretarial services?",content:(0,o.jsx)(o.Fragment,{children:"Corporate secretarial services in Malaysia cover a broad range of categories, ranging from the incorporation and registration of a new company to the development of company constitutions and amendments to company resolutions. In short, corporate secretarial services help to keep your company in compliance with all applicable laws and regulations in Malaysia."})},{id:3,title:"What is the role of a company secretary in Malaysia?",content:(0,o.jsxs)(o.Fragment,{children:["If you are a Malaysian citizen or permanent resident and not the sole director, you can become the ","company's"," secretary. It is important to hire a secretary who understands the statutory obligations of the company in Malaysia, such as Annual General Meetings (AGM), Suruhanjaya Syarikat Malaysia (SSM) Annual Return, Inland Revenue Board (IRB) ECI, and Form C-S."]})},{id:4,title:"Do you need a corporate secretary in KL and Malaysia?",content:(0,o.jsxs)(o.Fragment,{children:["Due to its significance in administration, businesses in Malaysia must designate a company secretary. As stipulated by ",(0,o.jsx)(i(),{href:"https://www.ssm.com.my/Pages/Legal_Framework/FAQS-ON-COMPANIES-ACT-2016-AND-TRANSITIONAL-ISSUES/part_c.pdf",rel:"nofollow",target:"_blank",children:"Section 236 of the Companies Act 2016"}),", hiring a qualified company secretary is obligatory for a company within 30 days of the incorporation date. The company secretary must be a natural person residing in Malaysia and a member of any designated professional bodies or licenced by the SSM."]})},{id:5,title:"How do I appoint a company secretary in Malaysia?",content:(0,o.jsx)(o.Fragment,{children:"The appointment of a secretary and the associated terms and conditions shall be decided by the board. The form required for the appointment, as per Section 58 & 236(2) of the Companies Act 2016 (Appointment of the first company secretary), must be submitted to the Registrar of Companies within 14 days. Details of the company secretary are to be recorded in the register book. We can manage the entire process when you engage our corporate secretarial service. Contact us today for consultation."})},{id:6,title:"How do I find the right corporate secretary services in KL?",content:(0,o.jsx)(o.Fragment,{children:"To find the right fit, look for a provider with experience, clear communication and local expertise. Grof offers reliable corporate secretary services in KL, giving your company the support it needs to manage filings, updates and compliance with ease."})}],j=[{id:1,title:"What are professional corporate services in Singapore?",content:(0,o.jsx)(o.Fragment,{children:"Professional corporate services refer to essential business support such as company incorporation, accounting, corporate secretarial, payroll and tax filing. Grof offers all-in-one professional corporate services to help your business stay compliant and grow confidently."})},{id:2,title:"Who can benefit from Grofâs professional corporate services?",content:(0,o.jsx)(o.Fragment,{children:"Any business looking for professional corporate services in Singapore can benefit from Grofâs supp
1ort. This includes startups, private limited companies, and international businesses setting up in Singapore."})},{id:3,title:"How much do professional corporate services in Singapore cost?",content:(0,o.jsx)(o.Fragment,{children:"The cost of professional corporate services in Singapore varies based on your business needs. Grof offers affordable packages with transparent pricing for corporate secretary, accounting and tax services. Contact us for a personalised quote."})},{id:4,title:"What makes Grof a reliable provider of professional corporate services in Singapore?",content:(0,o.jsx)(o.Fragment,{children:"Grof combines experience, technology and client-first service to deliver high-quality professional corporate services in Singapore. We ensure your business meets all statutory requirements while supporting long-term success."})}],I=[{id:1,title:"What are the benefits of using corporate services in Malaysia?",content:(0,o.jsx)(o.Fragment,{children:"Corporate services Malaysia offers a wide range of benefits, including expert guidance on business incorporation, statutory compliance, and efficient management of legal and administrative tasks. These services help businesses streamline operations and focus on growth."})},{id:2,title:"Who should use corporate services in Malaysia?",content:(0,o.jsx)(o.Fragment,{children:"These services are useful for startups, SMEs and foreign-owned companies looking to save time and reduce administrative workload. Grof supports business owners who want to focus on growth while staying aligned with local regulations"})},{id:3,title:"What corporate services in Malaysia are essential for new businesses?",content:(0,o.jsx)(o.Fragment,{children:"Essential corporate services in Malaysia for new businesses include company incorporation, tax registration, secretarial services, and payroll management. These services ensure that your business meets all legal and regulatory requirements."})},{id:4,title:"How much do corporate services in Malaysia cost?",content:(0,o.jsx)(o.Fragment,{children:"Pricing depends on the type of services you need. Grof provides transparent and flexible packages for incorporation, secretarial duties, accounting and more. You only pay for what your business requires, with no hidden fees."})},{id:5,title:"Can corporate services in Malaysia assist with business expansion?",content:(0,o.jsx)(o.Fragment,{children:"Yes, corporate services Malaysia can assist with business expansion by providing market entry strategies, regulatory compliance advice, and access to professional networks. These services are tailored to support seamless growth both locally and internationally."})}],C=[{id:1,title:"Can a foreigner engage a corporate services provider in Malaysia to set up a business?",content:(0,o.jsx)(o.Fragment,{children:"Yes. Foreigners can register a company in Malaysia with support from a corporate services provider. Grof assists with every step, including company incorporation, appointment of a licensed company secretary, and ensuring full compliance with local regulations."})},{id:2,title:"Why should I choose a corporate services provider in Malaysia instead of handling it myself?",content:(0,o.jsx)(o.Fragment,{children:"Managing incorporation and compliance alone can be time-consuming and risky. Grof, as a professional corporate services provider in Malaysia, takes care of legal filings, accounting and governance matters so you can focus on running your business."})},{id:3,title:"How do I switch to Grof as my corporate services provider in Malaysia?",content:(0,o.jsx)(o.Fragment,{children:"Switching to Grof is a simple process. We will help prepare the necessary resolutions, handle the handover of statutory records and update all filings with SSM. Our team ensures a smooth transition with minimal disruption."})}],A=[{id:1,title:"What is an FX rate?",content:"An FX rate, or foreign exchange rate, is the rate at which one currency can be exchanged for another. It determines how much of one currency you get in exchange for another."},{id:2,title:"How do you ensure the lowest FX rates?",content:"We leverage advanced algorithms and a wide network of financial partners to offer real-time market rates. This ensures you get the most competitive rates available."},{id:3,title:"How often are the rates updated?",content:"Rates are updated in real-time to reflect the latest market conditions."},{id:4,title:"Are there any hidden fees when sending money internationally?",content:"No, we pride ourselves on transparency. All fees are clearly stated upfront, and there are no hidden charges."},{id:5,title:"How long will a transfer take?",content:"Our transfers are typically instant or completed within 24 hours. However, please be aware that certain external factors may influence the exact timing of sending or receiving funds."}]}}]);
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