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Close companies in Singapore are governed by the Companies Act, which requires them to maintain proper accounting records, hold annual general meetings, file annual returns, and comply with other statutory requirements.

As a private company, a close company Singapore enjoys certain benefits such as limited liability for its shareholders and the ability to raise capital through the issuance of shares. However, it is also subject to certain restrictions such as a prohibition on public fundraising and a limit on the number of shareholders.

If you're considering setting up a close company in Singapore, it's important to consult with a professional advisor to ensure that you comply with all the legal and regulatory requirements.

Read More - https://freeincorp.wixsite.com/closebusinesssg/

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