What to Do Before Company Strike Off in Singapore: Settling Debts, Tax, and Legal Obligations

Closing a business is never an easy decision, but once it’s made, it’s crucial to follow proper procedures to avoid future complications. In Singapore, companies that are no longer active or have ceased operations can apply for a strike-off with the Accounting and Corporate Regulatory Authority (ACRA). However, before submitting the application, there are several…

Cloud-Based Bookkeeping: Why Real-Time Access Matters in 2025

In the fast-evolving digital economy of 2025, financial agility is no longer a luxury — it’s a necessity. Cloud-based bookkeeping has emerged as the new gold standard for modern businesses, enabling entrepreneurs, finance teams, and accountants to access critical financial data from anywhere, at any time. But beyond just convenience, real-time access to financial information…

International Expansion: SMEs Set Sights Beyond Singapore in 2025

In recent years, Singapore’s SMEs have shown impressive adaptability and innovation in an increasingly competitive landscape. Now in 2025, a rising wave of businesses are looking beyond the island nation, propelled by strong government backing, rapid technological advances, and the urgent need to diversify amid global volatility. With economic transitions, evolving policies, and shifting global…

Scaling Your Business

Tips for Scaling Your Business to Greater Heights in Singapore

Singapore, often dubbed the “Lion City,” is not only a global financial hub but also a thriving ecosystem for entrepreneurship and innovation. With its strategic location, business-friendly environment, and robust infrastructure, Singapore offers abundant opportunities for incorporating a business and then elevating it to reach new heights of success. However, scaling a business in Singapore…

Financial Forecasting

Financial Forecasting for Growth: Strategies for Scaling Singaporean Startups

In the fast-paced world of startups, navigating the complexities of financial management is crucial for sustainable growth and success. Singapore, known for its vibrant startup ecosystem, offers a fertile ground for budding entrepreneurs to incorporate their businesses and flourish. However, amidst the excitement of launching innovative products and services, many startups overlook the importance of…

Non-resident Director

All About Remuneration of Non-resident Director and How Is It Taxed in Singapore

In the dynamic landscape of corporate governance, the role of directors is pivotal. Their expertise, decisions, and guidance shape the trajectory of businesses. In Singapore, a global business hub known for its robust regulatory framework and favourable business environment, the remuneration of directors, particularly non-resident directors, is a topic of significance. In this blog, we…

COMPASS

FAQs About Singapore’s New Employment Pass (EP) Requirements – COMPASS

Singapore, a global hub for business and innovation, has always welcomed talented individuals from around the world. In 2023, the city-state introduced significant changes to its Employment Pass (EP) requirements through the Comprehensive Program for Attracting and Retaining Skilled Specialists (COMPASS). These changes aim to bolster Singapore’s workforce with highly skilled professionals while ensuring fair…

CLG

Exploring the Framework of Public Companies Limited by Guarantee (CLG) in Singapore

In the dynamic business landscape of Singapore, various corporate structures cater to diverse organizational needs. One such unique entity is the Public Company Limited by Guarantee (CLG). This corporate structure is distinct from the more commonly known Public Limited Company (PLC) and Private Limited Company (Pte Ltd). In this blog, we will delve into the…