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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…
Model Constitutions of Singapore Companies
As has been widely reported, Singapore is in the midst of implementing the largest number of changes to the Companies Act since it was enacted in 1967. This latest review…
Understanding Corporate Tax Exemptions in Singapore
Singapore’s flat corporation tax rate of 17% is usually the first thing that comes to mind when discussing business in the Lion City. And while that has clear benefits in…
Your Guide to Buying a Shelf Company in Singapore
Inside the Content What is a Shelf Company? Are Shelf Corporations in Singapore Illegal? What is the Difference Between a Shell and Shelf Company? What are the Features of Shelf…
Why Engage a Corporate Secretarial Services Provider?
Inside This Article: What is a Corporate Secretarial Services Provider? Why Engage a Corporate Secretarial Services Provider? Managing Compliance Deadlines Compliance Knowledge Transparent Pricing Validation One-stop Service Professional Support Value-added…
Is the Singapore VCC or Cayman Islands a Better Fund Jurisdiction?
The Cayman Islands have a long-standing reputation as a premier choice for global investors, offering tax neutrality and an ultra-investor-friendly regulatory environment. Traditional investors might, therefore, make a beeline to…
What Are the Key Business Challenges for SMEs in Singapore?
Inside the Content What Qualifies as an SME in Singapore? What Are the Main Challenges for SMEs in Singapore, and How Can They Overcome Them? Growing Competition From Large Companies…
A Guide to Filing Corporate Taxes in 2023 – Form C-S Lite
The Inland Revenue Authority of Singapore (IRAS) requires that all companies pay corporate tax in Singapore. Additionally, companies need to submit the appropriate forms to declare their actual taxable revenue….
What Happens When a Company Director Resigns
A person may cease to be a director of a company by resignation. A director may resign from the company for several reasons, including ill health, disqualification, conflict with other…
Why Should You Set Up Your Regional HQ in Singapore?
Inside the Content What Does it Mean to Set Up a Regional HQ? What Makes Singapore a Great Place to Do Business? Why is it Strategic to Set Up Your…
Importance Of Data In Your Business
Inside the Content What Is Business Data? Are You Even Aware Of Your Business Information? Do The Majority Of Business Owners Even Actually Know What A Database Is? Input Data…
5 Problems Non-executive Directors Experience in Their Roles
Inside the Content Who is a non-executive director? What are the problems non-executive directors experience? You no longer run the show The social facets of the given role are different…
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