3 THINGS TO KNOW before hiring employees in Singapore

1. Work Visas for Foreign Employees Thinking of hiring in Singapore?Buckle up! This isn’t just about shaking hands and signing contracts. Singapore has strict regulations to keep its job market balanced. If you’re bringing in talent from overseas, you’ll need to navigate the work visa maze. Let’s break it down. a. Employment Pass (EP) – […]

“ACRA’s Role in Fostering a Business-Friendly Environment in Singapore”

Have you ever watched a football match without a referee? Hopefully not, because it would be total chaos! Without a ref to keep things in check, players could break the rules as much as they wanted—fouls everywhere, arguments nonstop, and a game that’s anything but fun to watch. There’d be no clear winner, no fair […]

Setting Up the Register of Registrable Controllers (RORC) using automated systems

For businesses operating in Singapore, maintaining a Register of Registrable Controllers (RORC) is a legal requirement under the Singapore Companies Act. Since March 31, 2017, all companies, foreign companies, and Limited Liability Partnerships (LLPs) must maintain an updated register of their controllers. This article will guide you through the process of setting up a controller […]

The Smart Nation Singapore: Digital Economy

In recent years, Singapore has emerged as a global leader in technological innovation and smart city development. The city-state’s ambitious “Smart Nation” initiative encapsulates a transformative vision for using technology to enhance the quality of life, drive economic growth, and foster a more sustainable future. Central to this vision is the digital economy, which plays […]

Common Tax Reliefs That Help Reduce Tax Bills for Corporates in Singapore

Navigating corporate taxes in Singapore involves understanding various tax reliefs that businesses can leverage to optimize their tax liabilities. These tax reliefs are designed to support different aspects of business operations, from encouraging innovation to easing financial burdens. Here’s an insightful look into some of the common tax reliefs available to corporations in Singapore. 1. […]

How to Determine an FYE for a New Company in Singapore: A Comprehensive Guide

Determining the Financial Year End (FYE) for your new company in Singapore is a critical decision that impacts financial reporting, tax obligations, and compliance with regulatory authorities such as ACRA and IRAS. Here’s a detailed guide to help you navigate this process effectively. Understanding Financial Year End (FYE) The FYE marks the end of your […]

Empowering Businesses: CSIS 9th CSPs Conference 2024 Recap

Participating in the CSIS 9th CSPs Conference 2024 was a pivotal moment for our company as we engaged with industry leaders to explore the transformative potential of digital tools in enhancing business compliance and reducing costs. Hosted with the objective of advancing regulatory frameworks through technology, the conference underscored the critical role of innovation in […]

Understanding Business Structures and Their Tax Implications in Singapore

Choosing the right business structure is crucial for entrepreneurs in Singapore, as it not only impacts operational aspects but also determines tax obligations. Here’s an in-depth look at the primary business structures in Singapore and their corresponding tax implications, including specific details about the Start-up Tax Exemption scheme: 1. Sole Proprietorship: 2. Partnership: 3. Private […]

Comparing the tax and regulatory systems for foreigners registering a company in Singapore and Malaysia

Choosing between Singapore and Malaysia for company registration depends on factors such as tax efficiency, regulatory requirements, market access, and business objectives. Singapore tends to be preferred for its favorable tax regime, ease of doing business, and strong legal framework, while Malaysia offers competitive advantages in terms of cost and specific industry incentives. Businesses should […]

Spotlight on Innovation: Our Participation at the CSIS 9th Corporate Service Providers (CSPs) Conference 2024

We are delighted to announce our participation as an exhibitor at the prestigious CSIS 9th Corporate Service Providers (CSPs) Conference 2024, scheduled to take place on 10th July 2024. This event, organized by the Chartered Secretaries Institute of Singapore (CSIS), represents a gathering of professionals dedicated to advancing corporate governance and service excellence in Singapore. […]