Becoming a Singapore Permanent Resident (PR) is a strategic decision to capitalize on the numerous benefits this vibrant city-state offers. As a Singapore Permanent Resident, you gain access to government subsidies for education and healthcare, enjoy enhanced career stability, and have the opportunity to purchase property under favorable conditions. PR status is highly sought after, […]
What Is A Shareholder Agreement? A shareholder agreement is an essential and often overlooked document for businesses with multiple shareholders. It establishes the rights and responsibilities of the business’s investors or shareholders, outlining how decisions will be made in proportion to a shareholder’s percentage of ownership. Shareholder agreements also establish how dividend payments should […]
All Singapore-based companies need to determine the date of their financial year end (FYE) during incorporation. That said, wanting to change the company’s FYE is far from unusual here in Singapore. Instead, it might be more common than you think. It’s essential to have a deliberately strategic date so that the company stays aligned with […]
Keeping track of the accounts and bookkeeping in your business can be pretty mundane. Perhaps it’s only natural to want to be kept within the loop of what’s going in and out, but there comes the point where every business should look to hiring an outsourced accountant to run itself effectively. Outsourcing accounting services […]
The Accounting and Corporate Regulatory Authority (ACRA), requires a company to appoint a corporate secretary is within the first six months of the incorporation of a company, or they will be dealt a penalty fee of up to $1,000. Besides the requirement of the ACRA, a corporate secretary is almost a ‘must’ in […]
Thinking of running a business is the easiest part of the journey. There are several things to consider down the road before anything is established. After all, how should one decide which business model works best for them if they haven’t dabbled in starting one beforehand? Between running a sole proprietorship or a private […]