In this blog, you will learn the advantages of setting up an offshore company in the Marshall Islands, a reputable zero-tax jurisdiction. A Marshall Islands Company does not have the tainted ‘tax haven’ reputation that is associated with many other offshore jurisdictions. Tax Planning – Offshore Tax A Marshall Islands Offshore Company formation may be … Continue reading Why Incorporate a Marshall Island Offshore Company
The Ministry of Manpower (MOM) announced on 5 September 2017 that they will be introducing a new Work Pass (WP) card with a QR code and a free SGWorkPass mobile application. The new WP card, a QR code will replace the date of expiry. MOM will be issuing the new WP card in phases, … Continue reading New Work Pass Card
The EntrePass scheme, originally launched in 2003, is a work visa meant for foreign entrepreneurs looking to establish their business in Singapore. In early August 2017, the scheme was overhauled with further enhancements to the evaluation criteria, and the enhanced EntrePass scheme came into effect immediately. Option 1 If registered, the company must be less … Continue reading Update: EntrePass Scheme
Changes to the Permanent Residence Applications Process by ICA- New Electronic System On 18th December 2-17, the Immigration & Checkpoints Authority (ICA_ will implement introduce a new electronic-Permanent residence (e-PR) system. What is new? PR Applicants previously had to make a trip to ICA in order to secure an appointment and to submit their documents. … Continue reading Update: PR Application Process
The salary criteria for work pass holders to qualify for dependant privileges have been upgraded. Therefore if you are the main pass holder, this will enable you to upkeep dependants in Singapore. Dependant privileges allow family members to stay with foreign professionals while they work in Singapore. Your eligibility as a work pass holder for … Continue reading Update: Dependant Work Pass Holders
The British Virgin Islands (BVI) has enacted the Beneficial Ownership Secure Search System Act 2017 (BOSS Act). The Act came into effect on 30 June 2017. The BOSS Act was almost immediately amended by the Beneficial Ownership Secure Search System (Amendment) Act 2017, which also came into force on 30 June. The BVI is an … Continue reading The BOSS Act of the British Virgin Islands (BVI)
The Panama and Paradise Papers scandal over the recent months has cast a dark shadow on the world of offshore companies leading to a series of regulatory changes imposed by governments across the globe. As the papers revealed the inner workings of the world’s wealthiest and most powerful individuals, there has been a substantial increase … Continue reading Update: Companies Act- Singapore’s Beneficial Ownership Regime
SICCI Director Ms Helen Campos was invited by SPRING Singapore to attend the SME Centre Appreciation Day.