Singapore Incorporation Blog

How Transparency Can Help Your Business

How Transparency Can Help Your Business What is the first thing that comes to your mind when you hear someone mention a little thing called transparency? The very first thing that comes to your mind is probably either honesty or openness, isn’t that right? With this in mind, the idea of being open and honest…

What is the Certificate of Incorporation?

What is the Certificate of Incorporation? Singapore has strict regulations on how companies can conduct their businesses in the country. Registration, among other things, is necessary. Upon registration, the Accounting and Corporate Regulatory Authority (ACRA) issues the registered company with a Certificate of Incorporation. Here is everything you need to know about this vital document.…

The Right Time to Start Hiring: Hiring Tips for Business

The Right Time to Start Hiring: Hiring Tips for Business It takes a team to go far. You will rarely find a solo entrepreneur who go far alone in the business world. In fact, many solo entrepreneurs spend all their time tied up by their businesses and yet do not experience any growth or expansion.…

Annual General Meetings (AGM) in Singapore: Everything You Need to Know

Annual General Meetings (AGM) in Singapore: Everything You Need to Know The Accounting and Corporate Regulatory Authority (ACRA) is ramping up its efforts to clamp down on companies that breach the Companies’ Act. Failure to hold the company’s AGM on time is one of the things that could get you in trouble with ACRA. Under…

Effective Tax Planning for Companies Operating in Singapore

Effective Tax Planning for Companies Operating in Singapore Cases of multinational corporations (MNCs) moving to tax havens have been increasing publicized over the recent years. MNCs are taking advantage of the flexibility afforded by technology, which has enabled them to restructure their businesses to suit the stipulations of tax havens. Why the Mass Migration to…

Saving Money on Personal Taxes in Singapore

Saving Money on Personal Taxes in Singapore Many Singaporeans (and most people from around the world) believe that tax planning is reserved for high net-worth individuals. This is not true. Middle-class individuals also stand to save a lot through smart tax planning. In Singapore, which ranks among the most expensive cities in the world, every…

Proper Payroll Management: Reasons Why You Should Outsource Your Payroll

Proper Payroll Management: Reasons Why You Should Outsource Your Payroll Majority of Singapore’s small businesses prefer outsourcing their payrolls to professional payroll vendors. Why? Simple: because it is easier, more convenient, and somewhat necessary. Payroll is the financial record of employees’ financial records of their salaries and all other related aspects such as tax deductions,…

Central Provident Fund (CPF) Changes: Implications for You as a Home Buyer

Central Provident Fund (CPF) Changes: Implications for You as a Home Buyer The Central Provident Fund (CPF) underwent a policy change in May 2019. The main change essentially implied that homebuyers could get access to higher CPF amounts if the flats they were looking to buy could last them until the age of 95. This…

How to Know What Type of Singapore Work Visa You Need: The Complete Singapore Working Visa Guide

How to Know What Type of Singapore Work Visa You Need: The Complete Singapore Working Visa Guide Singapore is one of the best countries to live, work, and play. Jobs here are enlightening and lucrative for foreigners. In fact, 40% of the workforce here is composed of foreigners from all over the world. There is…

Penalties for Failing to Hold Annual General Meetings or File Annual Returns

Penalties for Failing to Hold Annual General Meetings or File Annual Returns The Accounting and Corporate Regulatory Authority (ACRA) is Singapore’s watchdog for companies operating in the country. Among other tasks, ACRA monitors whether they hold the annual general meetings and file their annual returns in time. It also has the authority to punish and…