No. unfortunately this is not allowed.
The money can be used only for genuine business purposes. It can not be withdrawn for your personal purposes. If you withdraw money like this it can become a conflict of director’s duty to act in the best interest of the company, which is an offence under Singapore companies act.
Feel free to contact us via:
Viet Nam office: Nguyen Van Troi Street, Phu Nhuan District, Ho Chi Minh City, Vietnam.
Singapore office: 350 Orchard Road #11-08, Shaw House, Singapore 238868
Hotline: (+84) 938531588 / (+65) 8355 1210
Email: info@globallinks.asia
