Key points
A private company generally meets at least two tests for the preceding two consecutive years: revenue no more than S$10 million, assets no more than S$10 million and no more than 50 full-time employees at financial year end. Group companies also assess consolidated group criteria, including foreign entities. Newly incorporated companies use the current-year tests during their first two years, as explained in the guide. Audit exemption does not change financial-statement filing requirements.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official source ↗