All posts by mccorporate

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→

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 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→

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→

First it was the Panama Papers where the International Consortium of Investigative Journalists (ICIJ) exposed the inner workings of a Panama-based law firm, Mossack Fonseca, now it’s the Paradise Papers. The lid has well and truly been lifted on the exotic world of offshore accounting, where firms serve some of the world’s wealthiest and most … Continue reading The Paradise Papers- Offshore Tax Shelters→

To further boost Singapore’s competitiveness as a business hub, an inward re-domiciliation regime will take effect from 11 October 2017, enabling foreign corporate entities to transfer their registration to Singapore. Executive Summary; The inward re-domiciliation framework was introduced under recent amendments to the Companies Act, enabling foreign corporate entities to transfer their registration to Singapore. … Continue reading Inward Re-Domiciliation Regime to take Effect from 11 October 2017→

Women entrepreneurs and professionals in Singapore celebrated International Women’s Day this year in a much grander way, and with two new meaningful agenda. This year two ethnic chambers are coming together as co-organisers of the Women for Women conference and concert, and they are bringing in a charity element to this big celebration of women’s success.

What is a Non-Profit Organisation in Singapore? A non-profit organization (NPO) is a legally registered entity set up with its principal activities being that of a public or private interest. As the name suggests, NPOs are not set up for profits. Unlike a typical commercial entity which distributes profits to it’s shareholders, an NPO retains … Continue reading Starting a Non-Profit Organisation in Singapore→

How much is a business idea worth to you?  Well, for one 19 year old Harvard dropout named Mark Zuckerberg, a small idea turned into a company with a market cap in excess of USD 220 billion 10 years later, making him the youngest billionaire in the world.

What it takes I agree that entrepreneurship is not for everyone. Some of us are fiercely hungry while others are merely the help to run the show. However, once in a while, you will find that one individual ready to leave their cushy office-hour job and run wild, by being their own boss. But what … Continue reading Taking that leap of faith→