The information contained in this document is marketing material and for informational purposes only. The information contained in this document is presented without any warranty or representation as to its accuracy or completeness and all implied representations or warranties of any kind are hereby disclaimed. Recipients of this document, whether clients or otherwise, should not act or refrain from acting on the basis of any information included in this document without seeking appropriate professional advice. The provision of the information contained in this document does not establish any express or implied duty or obligation between Citco and any recipient and neither Citco nor any of its shareholders, members, directors, principals or personnel shall be responsible or liable for results arising from the use or reliance of the information contained in this document including, without limitation, any loss (whether direct, indirect, in contract, tort or otherwise) arising from any decision made or action taken by any party in reliance upon the information contained in this document. © The Citco Group Limited, December 2024.
Electronic signatures in Singapore: why and what to know?
Electronic signatures in Singapore are legally recognized by the Electronic Transactions Act 2010 (“ETA”) and are commonly used by local companies. According to ETA, e-signatures may bear the same legal status as a scanned physical signature as long as the requirements provided in Section 8 of the ETA are met. This is good news for businesses because corporate documents such as minutes, resolutions, letters and forms can be signed using electronic signatures. As a result, in Singapore the interest to switch to e-signing is constantly increasing. This certainly helps to accelerate and ease the signing processes, especially where multiple signatories and different locations come into play. The process to formally adopt the use of electronic signature for corporate document execution of companies is straight forward and worth a try.
Interested? We are available to discuss.
