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Singapore Business Startup Schemes and Grants As the gateway to Asia’s vibrant technology and financial scene, Singapore is the home to a young and diverse microbusiness community. A whole slew of startups are springing up Singapore, the sovereign city-state in Southeast Asia. In fact, startups are mushrooming in this Lion City and it is the…
Set Up a Business in Singapore or Hong Kong Singapore and Hong Kong both offer world-class financial infrastructure, 100% foreign ownership, and competitive corporate tax regimes, making them the two most sought-after incorporation destinations across Asia for international entrepreneurs. Singapore operates under ACRA with a flat 17% corporate tax rate, minimum paid-up capital of…
Lapsing of Productivity and Innovation Credit (“PIC”) Scheme in Singapore As you may be aware, the PIC scheme will lapse after Year of Assessment (YA) 2018. YA 2018 refers to the company’s financial year ended 2017. The financial year ended 2017 will be the final time frame for companies to claim incurred qualifying expenses for…
Singapore: An emerging threat to Hong Kong’s popularity Singapore is fast eclipsing Hong Kong as the new favourite destination for business setup for the rich in China. During the recent gathering at the Shangri-La Hotel in Singapore, 80 of China’s wealth managers spoke of nothing, but this during tea break chatters. According to interviews with several wealth…
Need a Business Idea in Singapore? Looking to start your next great big entrepreneurial adventure in Singapore but can’t seem to quite find the idea that is just the right fit yet? We’ve got you covered with this list of ideas below. Every year, more and more people are starting to seriously consider leaving the…
Guide to Start a Successful Business from Home There’s nothing more fulfilling than knowing your business has succeeded. Every entrepreneur starts off with the same dream – to have a successful business setup, whether it may be on premise or online. Yes, starting a business from home which is just as successful as the brick…
The Tips to Reduce Your Income Tax Bill in Singapore Now that the holidays are behind us, most of us are turning our attention to filing our 2017 tax returns. With the April 18 deadline is right around the corner, here are a few tips on how you can reduce your personal income taxes legally.…
Best Businesses to Start in Singapore Starting a business is one thing, but choosing the right kind of business is what makes the difference between a business that is mediocre, and one that is successful. Even in a country like Singapore where opportunities are aplenty and every business has the potential for success, you would…
Drop in Singapore’s Headline Inflation Rate The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) recently revealed that Singapore’s headline inflation rate fell to 0 per cent in January this year from 0.4 per cent in December. According to a statement, the Consumer Price Index (CPI)’s year-on-year drop to…
3E Accounting Singapore Named “Leading Accounting Services Provider of the Year” Award by Wealth & Finance International 3E Accounting has been selected as a representative of Global Excellence Awards and named the “Leading Accounting Services Provider of the Year” by Wealth & Finance International, honouring the best-in-town Singapore Company Registration and Corporate Secretarial services within…
Accounting and Corporate Regulatory Authority (ACRA) Takes Company Director To Court For Breaches Of The Companies Act A company director was recently fined $10,000 by the State Courts for lodging false information under Section 401(2A)(b) of the Companies Act. Amiira Samsuri, whose a director of Persian Garden Restaurant Pte Ltd, had earlier authorised a bank…
Singapore GST On Imported Services From Jan 1, 2020 Consumers and businesses who buy imported services from suppliers based overseas which have no establishments in Singapore will have to pay goods and services tax (GST) from Jan 1, 2020 onward. The GST will be levied on two types of services: business-to-business (B2B), such as marketing services, accounting services and IT…