Singapore Incorporation Blog

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…

How to Raise Startup Capital in Singapore

How to Raise Startup Capital in Singapore Singapore’s economic growth has been so impressive that it is globally referenced. Presently, Singapore is the most attractive destination for businesses in Asia. It has a brilliant future ahead of it, and local businesses stand to reap a lot. This is the time to start a business in…

How to Start a Business in Singapore: A Step-by-Step Guide for Foreigners

How to Start a Business in Singapore: A Step-by-Step Guide for Foreigners Singapore ranks as the fourth most favorite investment hub in the world after the U.S., China, and Hong Kong. There are about 7,000 foreign multinational companies and over 10,000 foreign SMEs, based in Singapore as of 2019. This is because Singapore is considered…

20 Mistakes SMEs Make that Can Lead to Business Failure

20 Mistakes SMEs Make that Can Lead to Business Failure Experience goes a long way in refining one’s skills as a business person. This is why it is common for new entrepreneurs to make seemingly silly mistakes when starting out. Most of the mistakes are usually harmless and crucial learning points. However, some mistakes can…

What are the Payment Options for E-Commerce Businesses in Singapore?

What are the Payment Options for E-Commerce Businesses in Singapore? Singapore has one of the highest internet penetration rates in Asia. So far, in 2019, Singapore has registered revenues of about US $4.9 million for its e-commerce businesses. This figure is expected to grow by about 14% annually over the next four years. E-commerce businesses…

10 Ways to Increase Your Business Profits

10 Ways to Increase Your Business Profits The primary goal of every business is to make profits. Increasing profits should be the focus of every small business. The business’ future depends on it as the money will be needed to grow and evolve. Some businesses take extremely radical measures in a bid to increase profits,…

Why You Should Engage a Corporate Service Provider

Why You Should Engage a Corporate Service Provider Every credible company in Singapore needs some business support services of one kind or another. At the very least, every credible company needs professional secretarial services per law under the Singapore Companies Act. A corporate service provider is a company that provides business support services to other…

How to Choose Your ACRA-Approved Singapore Business Name

How to Choose Your ACRA-Approved Singapore Business Name Your company’s name is a part of its identity. With all the businesses popping up in Singapore, it is essential to choose a business name that is relevant and distinguishable. It is, in fact, a legal requirement. Singapore has stringent regulations regarding business names. The Accounting and…