Every business charts its own journey. If your company has chosen to cease operations for various reasons, it is essential to understand the legal process to officially close a Singapore company. For both local entrepreneurs and foreign business owners who incorporate in Singapore, striking off a local company in Singapore is a straightforward and cost-effective […]
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Starting a business comes with a long list of responsibilities. Between finding customers, developing products, and building a team, financial record-keeping often takes a back seat. Yet bookkeeping is one of the foundations of a successful startup. Whether you handle your finances in-house or engage bookkeeping services, maintaining up-to-date records helps you understand where your […]
Corporate tax is something all business owners in Singapore must deal with. Getting your taxes done can be daunting especially with the stigma surrounding it. But did you know that Singapore actually has one of the simplest corporate tax systems in the world? From attractive headline rates to quick digital filing, many local and international […]
Starting a business in Singapore is highly sought after by both local and international entrepreneurs. This is largely due to the many benefits that the Lion City has to offer. With that said, a new company registration in Singapore may come across as tedious and complex. While it does come with its fair share of […]
Starting a business in Singapore comes with several tax benefits. One of them is the Start-Up Tax Exemption (SUTE) scheme. For many startups, the first few years are spent managing costs, building revenue, and expanding operations. Tax relief during this period can help businesses retain more capital and allocate it where it matters most. […]
If you are a business owner looking to incorporate in Singapore or planning to set up a Singapore company as a foreign entrepreneur, it is essential to understand the requirement of appointing at least one local resident director. And for foreign entrepreneurs, this is also where you’ll be considering the appointment of a nominee director. […]
Singapore is widely recognised as a business-friendly hub, attracting entrepreneurs and companies from around the world to incorporate in Singapore or start a business in Singapore. However, once your company is up and running, staying compliant with local tax regulations is essential. One of the first obligations being the filing of Estimated Chargeable Income (ECI). […]
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 […]
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