Registering a Company in Singapore: A Step-by-Step Guide

Registering a company in Singapore involves several straightforward steps. Here’s a step-by-step guide to help you through the process: Image’s source: enterslice.com Step 1: Choose a Business Structure Singapore offers several types of business structures, each with its own characteristics and implications for ownership, liability, and tax obligations: Image’s source: accountingservices.sg Here are some government […]

The Rising Cost of Compliance for Businesses in Singapore

Singapore, often hailed as a pioneer of economic success and stability in Southeast Asia, boasts a thriving business environment. However, behind the facade of its economic prosperity lies a complex regulatory landscape that businesses must navigate. As regulations evolve and become increasingly stricter, the cost of compliance for businesses in Singapore is rising, posing challenges […]

The complexities of Singapore’s regulatory environment for businesses

Good afternoon, this is Tilkoblet Singapore. Singapore has a comprehensive legal and regulatory framework governing business activities. Navigating through various laws, regulations, and licensing requirements can be daunting, especially for first-time entrepreneurs or foreign investors unfamiliar with the local business landscape. Singapore’s regulatory landscape involves various government agencies overseeing different aspects of business operations. For […]

What is the biggest hurdle in corporate accounting for Singaporean companies?

Good afternoon, this is Tilkoblet Singapore.According to ACRA’s 2022/2023 Annual Report, as of March 2023, there are 575,000 businesses operating in Singapore, managed by 1,210 certified public accountants and 720 public accounting firms.https://www.acra.gov.sg/docs/default-source/default-document-library/acra-annual-report-2022-2023.pdfAmong the Commonwealth nations in East Asia, Hong Kong still holds the top position in terms of the number of registered businesses. However, […]

Singapore Corporation, risk of significant data leakage?!

Good afternoon, this is Tilkoblet Singapore.There has been an explosion in inquiries from companies recently preparing or considering establishing a corporation in Singapore.With increasing concerns about the economic outlook in China and sudden declines in the Hong Kong economy, many companies are contemplating to relocate from Hong Kong to Singapore. Singapore’s per capita GDP hit […]