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Delve in detail into industry insights and information and gain valuable perspectives and understanding of the different sectors with our business blogs.
Guide to Cancel a Work Permit in Singapore
For foreign workers and expats in Singapore, work permit cancellation is a crucial process. As an employer, you are required to assist them in this procedure, whether by performing the…
Tips and Tricks to Secure an Employment Pass in Singapore
Inside This Article: A Brief Overview of Singapore’s Foreign Labour Policy Applying for a Work Pass – Essential Tips and Tricks Matchmaking the Right Candidate with the Right Work Pass…
6 Things You Need to Know About the ECI
ECI (Estimated Chargeable Income) is a foreign concept to many businessmen who are not familiar with Singapore’s accounting terms. Many entrepreneurs are unsure as to why and when they have to file…
8 Things to Look Out For when Setting Up a Singapore Company
Inside the Content Check That Your Company Name is Available There Has to Be at Least One Resident Director At Least 1 Shareholder Company Secretary Paid-Up Capital A Singapore Address…
Why Entrepreneurs Are Choosing to Do Business in Singapore
Inside This Article: What is So Significant About This? Why Are Entrepreneurs Choosing to Relocate Their Businesses to Singapore? How to Form a Company in Singapore Entering Singapore Registering a…
6 Advantages of Setting Up a Singapore Private Limited Company
The Private limited company is the most popular entity type in Singapore, and it is registered under the Singapore Companies Act. A limited company’s liabilities are restricted to the amount…
Failure to File Annual Returns or Hold Annual General Meetings
Penalties if a Singapore Company Doesn’t Fulfil the ARs and AGMs Statutory Compliance Requirements A director of a company registered under the Companies Act, Cap 50 (‘the Act’) must adhere…
General Guidelines on Types of Tax Adjustments in Singapore
While filing for corporate tax in Singapore, it’s crucial to discern the distinction between net income and taxable income. The computation journey commences with the net profit or loss detailed…
How to Work in Singapore in 8 Steps
Famous for its low taxation, affordable living expenses, and inviting climate, Singapore is often hailed as the hub of Asia and is renowned for its safety and hospitality. Many people…
Your Simple Complete Guide to Incorporating a Company in Singapore
Singapore is ranked as one of the top trade-friendly countries in the world. It is a land of lucrative opportunities for investment. Let’s guide you, step by step, on how…
Harness Capital Allowances for Your Business
Within Singapore’s contemporary tax landscape, the amount of tax you declare is essentially the starting point for assessing your tax liability. This means it’s crucial for you, as a taxpayer,…
MAS Announces Further Details Regarding FSI Scheme
The Monetary Authority of Singapore (MAS) has provided further updates to the Financial Sector Incentive (FSI) scheme, as announced in the 2023 Singapore Budget, with changes effective from 1 January…
5 Reasons Why ACRA Might Deny Your Company Registration Application
Commencing a new business in Singapore is an exhilarating journey but it comes with a series of critical steps, the most crucial being registering with the Accounting and Corporate Regulatory…
What are the Onboarding Processes in SG for a New Employee?
A good onboarding process is not just important for making sure a new employee is ready to work straight away. It’s critical for their retention and overall performance for the…
5 Things You Must Consider Before Setting up a Family Office in Singapore
The high net worth (HNW) market in the ASPAC region has seen substantial annual growth of almost 8% recently, and it’s expected to reach 21 million by 2024. ASPAC markets…
Pros and Cons of Setting up a Singapore Sole Proprietorship
As you set out to become your own boss, you are confronted with the decision of setting up a sole proprietorship or a private limited company. In the first installment…
A Guide to Convening Effective Extraordinary General Meetings (EGMs)
Shareholder meetings are crucial for businesses, and ensuring compliance with legal procedures is paramount. Within the company’s Articles of Association framework, Extraordinary General Meetings (EGMs) are pivotal in dealing with…
Tax Havens: Myths and Realities
Inside the Content What is a Tax Haven? Is Singapore a Tax Haven? Singapore’s Vigilant Stance on Taxation Countries That Are Actual Tax Havens United Arab Emirates Qatar Oman Kuwait…
Meeting of Economic Substance Requirement in Singapore
Foreign-sourced disposal gains resulting from the sale or disposal of a foreign asset in Singapore, excluding intellectual property, become tax-exempt if the entity demonstrates adequate economic substance during the relevant…
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