You might get the urge to try your hand in setting up a new business in Singapore. However, before you get your business off the ground, you must choose a business structure that best fits your need. The structure you choose for your business has a great impact on the taxes you pay and many … Continue reading What are the Pros and Cons of Setting up a Singapore Sole Proprietorship
Category Archives: Blog
Work Visa Information: Employers
Who can apply: Employer or appointed employment agent (EA). How much: $35/pass when you submit, $35/pass when pass is issued How long: WIthin one week Duration of work permit is usually 2 years, can be shorter depending onL Validity of the worker’s passport: 1 month before passport expires Duration of the security bond: 2 months … Continue reading Work Visa Information: Employers
Work Visa Information: Employees
Types of employment passes: (Professionals): Employment Pass Foreign professionals, managers, and executives. Candidates need to earn at least $3,600 a month and have acceptable qualifications. EntrePass For foreign entrepreneurs wanting to start and operate a new business in Singapore Personalised Employment Pass For high earning existing employment pass holders or overseas foreign professionals. Greater flexibility … Continue reading Work Visa Information: Employees
The Advantages of Setting of Limited Company in Singapore
The Limited company (Ltd.) is the most popular entity type to register in Singapore under the Singapore Companies Act. Key Feature of a limited company: A limited company’s liabilities are limited by the amount of share capital and the liabilities of the owners are limited to the share capital subscribed by them. A limited company … Continue reading The Advantages of Setting of Limited Company in Singapore
The Forbes Billionaires: 22 Singaporeans on the List
A total of 22 Singaporeans were among those named the “richest people in the world” by business magazine Forbes on March 5th 2019. The business magazine noted that Asia Pacific is the region with the most billionaires accounting for 767 of the total lists with an estimated net worth of US$2.5 trillion. The richest person … Continue reading The Forbes Billionaires: 22 Singaporeans on the List
Certificate of Incorporation in Singapore
A certificate of Incorporation is a legal documents that is issued by the Accounting and Corporate Regulatory Authority of Singapore (ACRA), Singapore’s registrar of companies. Below is an example of the Certificate of Incorporation. What is contained inside the Certificate of Incorporation? Name of the company Registration number/ Unique Entity Number (UEN) Date of incorporation … Continue reading Certificate of Incorporation in Singapore
Public Company Shareholders Agreement
Photo: Virtus Law A Shareholders Agreement is a legal document that entails the rights and obligations of the shareholders in a company. It helps to provide a framework that governs the relationship of the shareholders and the management of the company. The Shareholders agreement will usually spell out the rights of each shareholder and party … Continue reading Public Company Shareholders Agreement
Singapore: Accounting and Tax Overview
The Singapore Tax System Singapore has over 76 double taxation treaties! Singapore is considered to be an excellent jurisdiction for business with a well-established taxation system. Over the last few years the tax system has evolved according to the current business landscape and has significantly reduce the amount of paper work to be submitted therefore … Continue reading Singapore: Accounting and Tax Overview
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
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