RESOURCES
Why You Should Register Your Offshore Company in Singapore
An offshore company is a legal entity that is incorporated in a jurisdiction outside of the company’s main operations or the principal investor’s home country. The advantages of setting up an offshore company is getting certain tax, legal and financial privileges for...
Can Employment Pass Holder Set Up a Company In Singapore?
EBOS has been setting up business for foreigners and partnership with both local and overseas directors. Due to the strong demand in foreigner talent in Singapore, many Employment Pass (“EP”) Holders asked if they could register a company in Singapore. The answer is...
Changing Financial Year-End for your Company
If you wish to change your FYE after incorporation but don't know where to start, watch this video to learn more!
Transfer Pricing during COVID-19 in YA2021
Every year, the IRAS assesses income to tax on an entity-by-entity. In paragraph 5.114 of its TP Guidelines (5th edition), the IRAS has set out that taxpayers should test their related party transactions annually against the arm’s length results. An analysis of the...
What Are The Qualifications & Duties of a Company Secretary
Do you know that it is a pre-requirement for all Singapore registered companies to appoint a company secretary? As per the Singapore Company Law, Section 171, each company must appoint a qualified company secretary within the 6 months of its incorporation date. The...
Improving Cash Flow During Tough Times
Managing your Cash flow is the very essence and life blood of a business. It is what is required to buy inventory, pay employees, secure financing, and ultimately keep the engine of the company running. Cash flow is now ever more important especially during tough...
How To Choose The Best Location To Set Up A Business
One of the most important factors in setting up your business is where you choose to incorporate. With globalisation in full swing and companies being set up around the world, your options are more diverse than ever before. There are hundreds of countries to choose...
Why You Should Consider Setting Up A Business
While many people consider setting up a business, very few actually choose to take action. But why is this the case? If so many people want to set up a business, why do so few actually do so? The reality is, many believe it’s too much work. Setting up a business is...
The Future Of Cloud Accounting, 2021
Update your Accounts as easily as you update your Facebook status As of late, cloud innovation has changed our everyday lives. We post our family photo on Instagram, we take care of our bills through web-based banking and we use our phones to browse our email...
Tax for International Services
Your Services are viewed as global servicers, which are zero-rated (for example GST is charged at 0%), on the off chance that they fall inside the arrangements under Section 21(3) of the GST Act. Dependant upon the nature of your services, you might be required to...
GST payable on Overseas Digital Services
Digital service providers have registered for GST under Singapore’s Overseas Vendor Registration (OVR) regime, and will charge GST on their deals of digital administrations to Singapore buyers with effect from 1 Jan 2020. At present, only locally procured services...
The Innovative Features You Can Enjoy When Using Cloud Accounting
Cloud Accounting has become extremely popular for several reasons. Not only is it more practical than traditional software, but it’s also significantly more efficient and time effective. In 2018 alone, Intuit stated an increase in demand for its cloud software by 1...