Choosing the Appropriate Business Structure
The form of ownership is a crucial business element that doesn’t receive enough emphasis. The type of business structure may influence your business’s longevity, growth, and success. Therefore, in-depth and lengthy consideration needs to be given to the matter before making a decision. This article seeks to break down the various types of business structures […]
Role and Responsibilities of a Company Secretary
A company secretary or corporate secretary is an officer of a company with the primary responsibility to look after the administration work of the organization efficiently. They also serve as a mediator between directors and shareholders. Every company in Singapore must appoint a secretary within six months from the date of incorporation. A person should […]
How to Get your Special UEN (SUN)
The UEN is a unique identification number assigned to every registered organization in Singapore. It applies to all business entities, including companies, foreign entities, sole proprietorships, partnerships, trade unions, and societies. It was introduced in 2009 to eliminate the need for companies to register every time they wanted to engage with a government agency. The […]
Singapore – The Global Business Hub
Every year there are about 40,0000 to 50,000 new companies incorporated in Singapore. As a result, Singapore ranks amongst the top 10 countries with the highest new business registered per capita. It is also ranked amongst the ten best countries to start a business by esteemed organizations like the World Bank and Forbes. If you are looking […]
How to Close a Company in Singapore
Deciding to close a company is as tricky as shaping it. Honestly, it might be a little more challenging than you think because it is not just an idea anymore. You need to manage the investors, shareholders, company officers, employees, and even creditors. But, however overwhelming it might get, if you make the right choice, […]
Business Incorporate: Types of Business Structure in Singapore
The large-scale trade networks and remarkable government leadership in Singapore made the country an attractive place to set up a business. Its great economic prosperity is further reinforced by private limited companies, multinational corporations, and growing entrepreneurs. Why Should You Incorporate Your Company in Singapore? Why, indeed, should you choose Singapore to register your company […]
Can Foreigners Start a Company in Singapore?
The short answer to that is yes; foreigners can incorporate a company in Singapore. But you will need some assistance to go about it. If you’re a foreigner and want to start a company in Singapore, there are a few things you should consider. The first thing you should do is hire a corporate service […]
The Future of E-Commerce in Singapore
Gone are the days of shopping at traditional retail stores. Today, e-commerce plays a significant role in how businesses sell and consumers buy. It accelerates the buying process and enables cost reduction. Now, companies around the globe can enjoy access to a broadened target market and affordable advertising. Singapore, an important trade hub in Asia, […]
Payroll Management – Should SMEs Outsource It?
Time is an invaluable resource that small businesses must protect at all costs. But there’s also another critical resource that’s as important as time – money. So when deciding on their payroll management, they get caught in between these two resources. They don’t understand that money and time are interrelated. But, if they do it […]
Who can Be Appointed as a Company Director in Singapore?
Being a company director is demanding, but it’s equally rewarding. Several factors come into effect to become a successful director of a company. Apart from the capabilities, there are many other factors one needs to consider while appointing a company director. As per the Companies Act, every company incorporated in Singapore needs to have at […]
