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WIC is Required Throughout Exemption Period Singapore employers must get Work Injury Compensation (WIC) Insurance for all their employees unless otherwise exempted from doing so. This is a requirement under WICA 2019. While most employers in Singapore do have sufficient WIC insurance coverage, many do not. Some employers don’t renew or buy the required insurance…
Information on Company Constitutions in Singapore You will find comprehensive information here that is helpful when it comes to forming company constitutions in Singapore. You must know how to start a business, register your company as an individual, and if you are a foreigner. Singapore has one of the highest economies in Asia, which is…
What You Need to Know About the Companies Act for Shareholders The government made an announcement that the Companies Act for shareholders receives changes based on the review of four years and public consultations. These are made by a special committee. A bill that has the amended Companies Act is going to be drafted and…
Re-domiciliation in Singapore is Good From having business-friendly policies, great infrastructure, a stable economy, and honest laws, Singapore is one of the best business hubs in the world. It is very supportive of the business environment. This makes it easier for foreign companies because the re-domiciliation in Singapore is very common. Re-domiciliation is where the…
Singapore company law forms the bedrock of the country’s reputation as one of Asia’s most trusted business destinations. Governed primarily by the Companies Act 1967, administered by the Accounting and Corporate Regulatory Authority (ACRA), company law in Singapore defines how companies are incorporated, managed, and ultimately wound up. Whether you are an entrepreneur or a…
What You Need to Know About Singapore Private Limited Company A Singapore private limited company is a business entity that is registered under the Singapore Companies Act. it has a legal identity different from the shareholders and directors. If you are planning to open one in Singapore, it is important that you are aware of…
Flexible Wages Are More Rational Than Retrenchments Hard times in business will naturally result in a shortage of funds. Thus, it is a phenomenon that no one wants to be part of. No matter if it is the lowest grade officer nor the business owner. Being struck with little business income may ultimately result in…
Transitioning Your Business Online – E-commerce Capitalize on e-commerce growth by transitioning your business online. 3E Accounting lays out the essentials to keep in mind. One of the pandemic’s positive effects has been to spur a great migration online and drive global e-commerce. Companies the world over have had to rethink strategies and apply innovation…
Making the Seamless Switch From Traditional to eBusiness Going from a traditional business to an eBusiness is something many entrepreneurs in Singapore are starting to consider. At 3E Accounting, we can help you transition with ease. How to Make the Change It is a big decision, but it also happens to be a decision…
Supporting President’s Challenge 2020 During COVID-19 3E Accounting presented a cheque donation of $25,000 to the President’s Challenge 2020. The President’s Challenge is an annual community outreach and fundraising campaign that supports and empowers vulnerable groups within the community. Beneficiaries can use the funds to enhance their skills, build capacity and improve their employability. …
IRAS is Making It Easier for Smaller Companies to File Their Taxes The Inland Revenue Authority of Singapore (IRAS) is making it easier for smaller companies to file their taxes this year. How Filing Taxes Will Be Easier Smaller companies can use a simplified version of the tax form called Form C-S (Lite). This…
Changing to the Payment Services Law is Necessary to the Nation’s Financial Security Money laundering is a constant battle for most economies. Without regulation, the unsolicited excess money will harm the economic balance than it does good. For the layman, more money may look good, but not necessarily on the national account. No country approves…