The Employment Act of Singapore is going to undergo a major change and transformation to include all private-sector employees. This move will provide rights that were previously not offered such as paid sick leave, mandatory annual leave and protections against wrongful dismissal. The move is among four categories of major changes Parliament approved on 20/11/2018 … Continue reading Changes to the Employment Act- Offering Workers greater protection
Yearly Archives: 2018
Thinking of registering a Home Business: Here’s How
Looking to register your home business in Singapore? Depending on the type of business, you’ll need to register it with a government body or three, including Accounting and Corporate Regulatory Authority (ACRA), the national regulator of businesses here; and possibly HDB. Please see our step by step guide on registering your home business. Guide … Continue reading Thinking of registering a Home Business: Here’s How
Review of the Employment Act- Singapore
Introduction: On 18 January 2018, the Ministry of Manpower (“MOM”) issued a month –long public consultation on its latest review of the Employment Act (“EA”). In view of the changes in the labour force profile and employment landscape in Singapore. The EA was last reviewed in 2012 and the latest amendments were tabled in 2015. … Continue reading Review of the Employment Act- Singapore
Singapore Budget 2018: A Budget for the future
On Monday, February 19th 2018, Finance Minister Heng Swee Keat delivered the 2018 Budget statement in Parliament. Coming as a surprise, was his announcement of a budget surplus of S$9.6 billion, far exceeding the forecasted surplus of S$1.9 billion. As noted by the Finance Minister, “while we address short term concerns, the Singapore Budget must … Continue reading Singapore Budget 2018: A Budget for the future
Tuesday Tips: Being Realistic With Your Goal
An image of a laptop, iPad, Android phone, and iPhone containing the same image displayed at multiple sizes to
Why Incorporate a Marshall Island Offshore Company
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 Company formation may be used … Continue reading Why Incorporate a Marshall Island Offshore Company
Update: PR Application Process
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
Update: EntrePass Scheme
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
Update: Dependant Work Pass Holders
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 BOSS Act of the British Virgin Islands (BVI)
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)