5 Must-Have Corporate Governance Practices For Small Businesses
Where there are no established structures and systems guiding any business operation, it is only a matter of time before that business crumbles. Corporate governance may already be in the everyday vocabulary of directors in established companies and government institutions, but small and medium-scale enterprises also stand to benefit immensely from its tenets. If you […]
All You Should Know About The Certificate of Incorporation
A certificate of incorporation is the most convincing piece of evidence that a company has been registered correctly in Singapore. You may have also heard that there are many different versions of this certificate. Others have asserted that only some Singaporean businesses are eligible to get a certificate of incorporation (COI). Is there any way […]
How Much Does it Cost to Open a Yoga Center in Singapore?
Incorporating any business requires some amount of funding, which could be more or less based on the business idea. If owning a yoga studio had been your dream, you might have run into the same difficulty finding funding, even if you were just wanting to open a stationery store. But as more specialised yoga studios […]
Variable Capital Companies (VCC) – All You Need to Know
As the country continues to position itself as a one-stop destination for business investment, Singapore’s economy remains one of the best in Southeast Asia, and for good reasons. Over the years, the government of Singapore has taken a more direct and intentional approach to develop its investment sector. As a result, its fund management industry […]
How Much Does it Cost to Open a Cafe in Singapore?
Are you looking to quit corporate life and be your own boss? Choosing to start an F&B business is one of the ways to go, cafes in particular. Coffee is a profitable business, and coffee shops will always be in demand no matter where you are in the world. Singapore has a healthy and growing […]
Why is it Important for Companies to Choose the Right SSIC Code?
The government utilises the Singapore Standard Industrial Classification (SSIC) to examine economic activities and population, household, and industrial censuses in Singapore. The SSIC code, which is based on the fundamental structure and tenets of the International Standard Industrial Classification of All Economic Activities, requires corporations to first register (ISIC). The SSIC code serves only administrative […]
How Much Does it Cost to Open & Run a Hawker Stall in Singapore?
Among many other things, Singapore is renowned for its hawker culture. Its street food culture is so popular that UNESCO recognises it as an intangible heritage. These street food ventures hold many prospects and opportunities for entrepreneurs looking to start up a business in the Food & Beverage (F&B) industry. As appealing as it may […]
What Are The Different Areas Covered Under the Enterprise Financing Scheme (EFS)?
In recent years, the globe has encountered major worldwide issues, and one area that has suffered substantially is the business sector. Therefore, access to correct funding is critical to realising your development objectives, whether you want to build new capabilities, test out new enterprises, or expand your existing business presence overseas. A lot of businesses […]
Four Individuals Convicted for Operating Employment Agencies without a Licence
Singapore: Four individuals, who are family members and former licensees of different employment agencies (EAs), were convicted on 19 May 2022, 7 July 2022 and 4 August 2022, respectively, for multiple offences under the Employment Agencies Act (EAA) and Employment of Foreign Manpower Act (EFMA). Following the conviction, all four individuals will be debarred from […]
Grants and Schemes in Singapore To Support Startups
Like small businesses, startups are essential components of a nation’s economy. With sustained economic growth, Singapore remains one of the best countries in Asia for startups. The country provides adequate infrastructure, financing schemes, cash grants, and tax incentives for startup businesses. To show its commitment to the cause, the government of Singapore has since long […]
