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When it comes to work passes that are available in Singapore, the Employment Pass (EP) and Entrepreneur Pass (EntrePass) are 2 of the most widely applied and popular work visas in Singapore. Although it is true that both passes share some similarities with one another, there are some considerable differences between them. In the end,…
The Singapore government has been tightening the rules when it comes to foreigners living and working in the country. As one of the reputable immigration firms in Singapore, Timcole is known for providing its clients with comprehensive services that make it easier for them to gain Singapore Permanent Resident status, as well as Singaporean citizenships.…
When you purchase shares in a company, you become a shareholder. Companies issue share certificates to shareholders as proof of membership. The certificate states essential information such as the number of shares issued and the date of issuance. Only private limited companies issue share certificates. Publicly-listed companies issue share certificates electronically, which are then moved…
Singapore caters to small businesses by allowing homeowners to conduct business from the comfort of their home. Yes, companies can use home address as their registered business address if they register through the Housing Development Board (HDB) or the Urban Redevelopment Authority (URA). To do so, businesses must meet the HDB and URA criteria and…
If one considers the way Singapore’s market dominates import and export trade, one will realize that there are well-defined import/export procedures in Singapore’s market. As you read on, you will find the various trading aspects in Singapore. Some of the trading aspects include applying for licences, opening a customs account, trade financing options, the kinds…
The process for starting a dental clinic in Singapore is quite similar to starting any other traditional clinic. License for such medical practice must be obtained from the Ministry of Health (MOH) and the application should be submitted to MOH’s Central Licensing Branch (CLB). Who can set up a Singapore Dental Clinic? You can…
Effective from 31st March 2017, all companies (foreign companies inclusive) and limited liability partnerships (LLPs) in Singapore must keep a Register of Registrable Controllers (RORC) unless they are otherwise exempted. With effect from 30th July 2020, entities are also expected to lodge the exact information in their register of registrable controllers with the central register…
The Financial Year End of a Company Every company in Singapore is responsible for determining its own Financial Year End (FYE). The Financial Year End refers to the completion of an accounting period. The financial year-end of a company may fall on the 31st of December or any other date within the year. Many new…
All businesses will eventually face certain changes in future. If you own a business, you need to have an ideal exit plan in order for your business to remain functional and successful when your business faces unexpected changes. Many people believe that business owners need a contingency plan that requires certain steps to be taken…
As an entrepreneur, raising your first round of venture capital is crucial to funding business operations and expanding your team. What can you do to increase the chances of securing series A funding? Thanks to bootstrapping and private equity investors, your startup has been steadily growing, and your business is starting to gain traction among…