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If you are a shareholder, it is very important for you to think about what will happen to the shares that you possess once your time comes. Having a robust succession plan in place can be extremely helpful when it comes to making a smooth transition to the next generation of management. And on top…
Overview of Singapore Taxation To get the overview of Singapore Taxation, here is the complete guide for you. If the business’s incomes are derived from or transmitted to Singapore, then income tax must be paid. Depending on your business type, there are a few other taxes, i.e., stamp duty, withholding, etc. The most important taxes…
Corporate Compliance Requirement – Ongoing Compliance If you are a Singapore-based company, you must comply with the legal requirements of the Singapore Companies Act and file your Annual Return with the Accounting and Companies Regulatory Authority (ACRA) and the Singapore Inland Revenue Authority (IRAS). It is imperative that all companies comply with the law in…
Corporate Compliance Requirements – Compliance with ACRA Requirement for Register of Registrable Controllers (RORC) Companies, foreign companies and limited liability partnerships (LLPs) (unless exempted) are expected by ACRA to maintain information on beneficial ownership in the form of a Registry of Registered Controllers (RORC) and upon request, to make this information accessible to public…
Corporate Compliance Requirement – IRAS Compliance Annual Filing Requirements with the Inland Revenue Authority of Singapore (IRAS) All registered companies in Singapore are expected to submit an annual ECI and Form C tax return to IRAS as part of their statutory compliance. Estimated Taxable Income (ECI) The ECI is an estimate of the…
All You Need to Know about Singapore Employment Pass (EP) For years, Singapore has welcomed people from all nationalities to come and work in Singapore. Around 40% of Singapore’s total population is comprised with foreign nationals due to the country’s liberal immigration policies. There are different kinds of Singapore work visas that allow professionals, skilled…
10 Small Businesses You Can Start from Home Starting a business requires money. This is the reason why many potential entrepreneurs gave up the idea of starting a business – because they don’t have the capital. However, just because you have limited money, it does not mean you cannot start a business. For some businesses,…
How to Start an Online Business in Singapore There are many factors you must consider before becoming an entrepreneur. For an online business, location will be a factor – should you get a full-fledged private office for your business operations, or can you just work from the comfort of your own house? Some people may think…
5 of the Most Common Traits of Successful Entrepreneurs When it comes to becoming an entrepreneur, many people look at the success of the veteran entrepreneurs, wondering what it is that got them to where they are today. After all, those are the people who make millions, and possibly even billions of dollars on a…
What You Need to Know about Crowdfunding in Singapore Crowdfunding is one of the best ways to raise funds for your business. Crowdfunding is defined as the activity of raising funds from a large number of individuals through an online platform. Some of the most popular crowdfunding platforms include Kickstarter, Indiegogo, and GoFundMe. Kickstarted has…