Singapore

Singapore is a leading international trading & financial hub for the ASEAN markets and beyond, ranking constantly as one of the best places to do business in the world. As such, it serves as the Asian headquarters for many European enterprises operating in the region. While the regulatory requirements and foreign investment laws in Singapore are exemplary, they can be challenging and complex in other ASEAN member states. Moreover, their unfamiliar bureaucratic procedures may be intimidating and significantly slow down the deal process. You may also encounter certain legal grey areas, which, if not handled properly, might jeopardise your investment in the long run. Our lawyers have been active in the region for decades. With our long-standing experience in Singapore and the ASEAN markets, we will navigate and steer you through all potential hazards you might face.

Combining international outlook with local expertise, we are not your average legal advisor. We rather think of ourselves as your partner, sharing your visions and passion. We are here to add value to your business and to go the extra mile to meet and exceed your expectations. We are by far the largest Continental European law firm in Southeast Asia, with our lawyers having decades of relevant experience in the market. We have the necessary expertise and experience with all relevant legal aspects as well as with the regulatory and compliance challenges for businesses in the region. Further, we are constantly engaged in complex and challenging cross-border transactions and dispute resolution, helping to shape the legal standards in the region.

We always strive to deliver commercially minded advice, taking into account the strategic background and other economic parameters of a transaction, never losing sight of the points important to you and without getting caught up in formalities and “lawyer talk”. We offer pragmatic solutions and recommendations, taking into account best practice guidelines.

We are an interdisciplinary law firm, which means our clients benefit from a close collaboration between our lawyers and our other practice groups. On top of that, we have built close relations with leading law and consulting firms in Singapore and formed close ties with investment bankers, accountants and other business consultants. Furthermore, we cooperate with trade associations and maintain a good relationship with embassies and local authorities.

We believe in a holistic approach. As one of the few players in the market, we can offer comprehensive tax and investment structuring advice and are also able to handle acquisition, finance, merger control, and other ancillary matters. We help our clients to stay clear of common pitfalls and handle the entire life cycle of an investment – from the incorporation or acquisition of a company to employment, data protection and all other corporate, commercial and tax issues as well as dispute resolution.

We never compromise on quality and we always put our clients first. Our lawyers are trained to deliver work products that comply with the highest standards and we will not settle for less.

For Singapore legal advice, our team of international lawyers is supported by I.N.C. Law LLC, a local law firm in Singapore, with whom we have closely worked together for many years.

Our Legal and Tax Advisory Services

Anti-trust Law
  • Support in M&A transactions, privatisations and the establishment of joint venture companies
  • Review of distribution, license and cooperation agreements
  • Merger and abuse control procedures (inbound and outbound)
  • Representation of interests vis-à-vis anti-trust authorities
  • International trade (WTO, EU foreign trade law, anti-dumping, export control)
Capital Markets and IPOs
  • IPOs (inbound and outbound)
  • Capital measures (increase and reduction in capital, cash and in kind)
  • Advice to members of executive and supervisory boards
  • Ongoing corporate governance and corporate compliance
Compliance
  • Anti-corruption compliance
  • Corporate governance and corporate compliance
  • Employment law compliance
  • Regulatory compliance
  • Personal data protection law compliance (including compliance with the European General Data Protection Regulation)
  • Tax compliance
Corporate Law
  • Incorporation of companies, registration of branches and representative offices
  • Shareholders' agreements, Partnership agreements, constitutions, rules of procedure
  • National and international joint ventures
  • Liquidation and insolvency proceedings
  • Disputes among shareholders/compensation claims vis-à-vis board members
  • Representation in corporate law arbitration proceedings
Employment Law
  • Employment contracts for employees, managers and directors
  • Corporate restructuring, redundancy programmes and compensation plans
  • Secondments
  • Litigation
  • Social insurance law
  • Tripartite guidelines, advisories and standards
Foreign Direct Investment and Market Entry
  • Support and advice on the choice of location
  • Representation vis-à-vis regulatory authorities
  • Advice with regard to the appropriate market entry
  • Planning, structuring and formation of companies, subsidiaries and liaison offices
  • Formation of regional headquarters and holdings
Immigration Law
  • Work passes and permits (e.g. Employment Pass, S Pass, Work Permit)
  • Dependant's Passes, Long Term Visit Passes and Letters of Consent
  • E-notifications
  • Entry Visas, Permanent Residence applications, Student's Passes
Intellectual Property and Technology Transfer
  • Development and implementation of IP protection strategies
  • Registration of trademarks, designs and patents
  • Defence of IP rights
  • Licence agreements, research and development agreements
  • Outsourcing contacts
International Trade and Distribution Law
  • Review and drafting of general terms and conditions
  • Supply and procurement agreements
  • Product liability: defence against claims in and out of court,
  • Assertion of claims for recourse, advice on the execution of product recall campaigns
  • Distributorship and sales agency agreements
Litigation and Dispute Resolution
  • International litigation and litigation advice
  • Legal representation at domestic courts of law
  • Representation in national and international arbitration   
  • Investment dispute resolution
M&A Advisory
  • Domestic and cross-border acquisitions
  • Due diligence
  • Management buy-out – Management buy-in
  • Acquisition and project financing
  • National and international corporate restructuring measures
  • Conversions and mergers
  • Post-merger integration
Real Estate
  • Real estate purchases and transfers
  • Representation vis-à-vis public authorities
  • Advice on drafting and negotiation of tenancy and lease contracts
Tax
  • International tax (inbound and outbound)
  • Direct and indirect taxes
  • Tax structuring of M&A transactions
  • Transfer pricing
  • Remedies and actions relating to taxation and public
  • Charges

Our Corporate Services

Accounting & Financial Reporting

At Luther Corporate Services we perform the time-consuming accounting tasks, which a business must undertake, thus allowing our clients to concentrate on growing their businesses.

1. Bookkeeping

  • Setting up the chart of accounts
  • Recording of all payments and funds received
  • Preparation of monthly bank reconciliation statements
  • Recording of all sales and trade debtors
  • Recording of all purchase and trade creditors
  • Recording of prepayments and accruals
  • Recording of all assets purchased and related depreciation
  • Recording of all Goods and Services Tax (GST) on the taxable purchases/supplies
  • Extraction of monthly trial balances and general ledger

2. Management Reports

  • Compiling of profit and loss account and balance sheet
  • Generating aged financial analysis of debtors and creditors
  • Business advisory services such as accounting reports and preparation of business plans
  • Budget preparation and comparison and analysis of key components of financial performance

3. Statutory Accounting

  • Preparation of financial statements
  • Preparation of consolidated financial statements which includes the consolidated cash flow statement, consolidated statement of changes in equity and notes to the financial statements in compliance with the Financial Reporting Standards (FRS)
  • Review and computation of tax and deferred tax provisions for inclusion into financial statements
  • Re-measuring accounts to functional currency
  • Completing consolidation and head office reporting packages
Cash, Fund & Payment Administration

Luther Corporate Services supports a diverse portfolio of clients ranging from small and medium-sized enterprises to multinational corporations with cash, fund & payment administration services. For smaller businesses where segregation of duties is an issue our service functions as an additional internal control with regards to company fund spending.

  • Administration of cash funds deposited with us or in client’s own bank accounts
  • Cash forecasting and processing of accounts receivables
  • Account signatory services to enable settlement of company payment obligations e.g. to suppliers, for payroll, for employee expense reimbursements
  • Issue payment vouchers and prepare cheques
  • Mailing of signed cheques to payees or remittance of funds by telegraphic transfer
Corporate Secretarial Services

We provide the complete range of corporate secretarial services to both large and small companies in Singapore.

1. Provision of personnel to assume statutory positions

  • Company secretary
  • Statutory agent
  • Nominee director
  • Nominee shareholder
  • Nominee manager

2. General Services to ensure statutory compliance

  • Advice on best practice and corporate governance and compliance with the Singapore Companies Act
  • Setting up statutory books and registers
  • Custody and maintenance of statutory books and registers
  • Custody of common seal
  • Preparing and lodging all prescribed forms and requisite documents with the Accounting and Corporate Regulatory Authority (ACRA)
  • Preparation of accounts in XBRL format incl. lodging with ACRA
  • Preparation of notices, minutes, and other documents pertaining to directors’ and shareholders’ meetings (Annual General Meeting and Extraordinary General Meeting)
  • Managing changes in a company's structure:
    • Change of name
    • Change in constitutional documents
    • Change in capital structure (transfer of shares, new issuance of shares, repurchase of shares)
    • Change of shareholders
    • Change of directors, managers, auditors and company secretaries
    • Change of registered office address
  • Provision of registered office/correspondence address including mail forwarding
  • Opening of bank accounts and managing changes to bank signatories
  • Corporate restructuring, e.g. amalgamations
Dissolution / Deregistration

We offer expertise in the dissolution of entities and provide advice on the most suitable mode of deregistration. These services include:

  • Preparation and filing of all necessary documents for the voluntary winding-up of an entity
  • Arranging dormancy of legal entities and cessation of business
  • Handling deregistration/striking-off of entities
Human Resources & Payroll Administration

At Luther Corporate Services we offer full outsourcing services for the management of payroll, personnel data and employee benefits. We can assist through tailor-made solutions to meet specific client requirements.

Our services include the following:

  • Processing employee expense claims including payment
  • Computation of net salary
  • Computation of Central Provident Fund (CPF) contributions
  • Providing payroll reports & financial journals
  • Handling payment of net salary and CPF via our client trust account, including deposit of net pay into employee’s bank accounts and issuance of confidential pay slips
  • Preparing year-end IR8A and IR8S
  • Preparing IR21 and other payroll related forms
  • Ensuring compliance with all reporting requirements of the Inland Revenue Authority of Singapore (IRAS) and CPF in Singapore
  • Administration of share option schemes
Incorporation/ Registration of a Company in Singapore

We provide fast and efficient service for the formation and registration of a company or other legal entity in Singapore, whether in the form of a private limited company, partnership, limited liability partnership, limited partnership, branch or representative office. Our services include:

  • Advising on the type of entity to be established or registered and the optimal corporate & tax structure
  • Preparation of Memorandum and Articles of Association, partnership agreements and other constitutional documents
  • Registration of private/public companies
  • Registration of foreign companies (“Branch Offices“)
  • Registration of sole proprietorships and partnerships
  • Registration (and renewal) of representative offices (“Rep Offices”)
Individual and Corporate Tax Compliance

Our corporate and individual tax compliance services include:

  • GST registration and preparation and submission of quarterly GST returns
  • Preparation and filing of corporate tax returns including tax calculation with tax authorities
  • Preparation and filing of individual tax returns and tax computation with tax authorities
  • Advising on Double Taxation Agreements (DTAS)
  • Advising on withholding tax issues, preparation and filing of withholding tax returns including claims for double taxation relief
  • Advising on complex and international tax structures
  • Negotiations with the Internal Revenue Authority of Singapore (IRAS) regarding individual or corporate tax issues
  • Dealing with stamp duty payments and stamp duty relief

Key Contact >>

Key Contact

Dr Claus Trenner, LL.M.

Partner

T +91 124 4726 430