Singapore Expats Forum

does director and secretary must have salary?

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
putorcall
Newbie
Newbie
Posts: 4
Joined: Mon, 02 Dec 2013

does director and secretary must have salary?

Postby putorcall » Mon, 03 Feb 2014 6:43 am

I just incorporated a pte ltd with my wife, who served as director and I'm the secretary. we are also the only share holders of the company.

do we need to pay us any salary or director's fee?
do we need to contribute our CPF?

if there's a salary needed for either of us, what's the minimum required wages.

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10609
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Postby Strong Eagle » Mon, 03 Feb 2014 7:07 am

No, no salary required. Also, director's fees are not subject to CPF but any salary paid to a director or secretary will be subject to CPF.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 4 guests