by devsupport | Oct 11, 2023 | Accounting, Business Set Up, Cloud Accountant, Compliance, Income Tax
Singapore is recognized as a global financial center for investors and business owners. Attracting numerous young talents from around the world and expanding into the Singapore market. However, many firms, particularly new businesses in Singapore, faces penalties and...
by devsupport | Oct 3, 2023 | Accounting, Business Set Up, Cloud Accountant, Compliance
The most straightforward choice is to incorporate your business before hiring a permanent company secretary. However, there are more advantages to outsourcing this job to a company secretarial service, particularly if conducting business in Singapore, which is so...
by devsupport | Sep 26, 2023 | Accounting, Business Set Up, Cloud Accountant, Compliance
All businesses in Singapore are required to adhere to the Companies Act and register with the Accounting & Corporate Regulatory Authority (ACRA). Although there are five different business forms to pick from, a Private Limited Company is the most popular...
by devsupport | Sep 19, 2023 | Business Set Up, Compliance, Grant & Money, Income Tax
The Special Purpose Vehicle (SPV), also referred to as a Special Purpose Entity (SPE), is a method of corporate structuring that enables a company to manage risk or segregate it to get funding and accomplish other crucial business goals. Making a distinct legal...
by devsupport | Sep 12, 2023 | Business Set Up, Grant & Money, Income Tax
Starting a retail business can be thrilling and fulfilling, but it also comes with many challenges and difficulties. Approximately 50% of small enterprises survive over the first five years, according to the Small Business Administration (SBA). It is a very low...
by devsupport | Sep 5, 2023 | Accounting, Business Set Up, Cloud Accountant, Compliance
Certain companies may inevitably have to close due to inflation, war, and a variety of other circumstances. In Singapore, you can shut down your business in one of two ways: by striking off employees or by winding up the business. This depends on your company’s...
by devsupport | Aug 29, 2023 | Business Set Up, Compliance, Grant & Money, Income Tax
Many business owners have found the Goods and Services Tax (GST) system in Singapore to be an administrative headache. The intricate regulations, time-consuming processes, and the risk of costly mistakes can make managing GST a nerve-wracking task. Even a minor error...
by devsupport | Aug 22, 2023 | Business Set Up, Compliance
A vital requirement for all Singapore-based corporations is the appointment of a Singaporean resident company secretary. He cannot serve as the company secretary if there is just one director in the company. The company secretary may, however, also be one of the...
by devsupport | Aug 15, 2023 | Business Set Up, Compliance
Businesses all over the world have a unique potential to grow and expand in Southeast Asia. Some of the most alluring economies in the world, such as Vietnam, Indonesia, and Singapore, are found in this promising region. Many businesses have relocated their regional...
by devsupport | Aug 8, 2023 | Accounting, Business Set Up, Cloud Accountant, Compliance, Grant & Money
Singapore, one of the major global financial centres, provides business clients with top-notch banking and related financial service options. In this article, we are going to talk about how to open a corporate bank account in Singapore. It gives a general overview of...
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