How to Start a Law Firm in Singapore?
With Singapore’s Ministry of Law’s recent call for applications under the Qualifying Foreign Law Practice (QFLP) licensing programme, a more liberal legal system is on the horizon, especially for foreigners. Many international law firms can now set up their branches or offices in Singapore and benefit from its excellent legal and arbitration system. Notwithstanding this […]
Business Licenses and Permits in Singapore
Depending on the nature of your business or industry, you might be required to acquire a license or permit before operating in Singapore. A business license is an official document issued by the relevant government bodies, giving your company formal permission to conduct activities regulated under Singapore law. Once you have registered your company with […]
How Will Singapore’s Budget 2023 Impact Businesses?
On 14 February, Singapore’s Deputy Prime Minister and Finance Minister Lawrence Wong gave a speech outlining the Singapore Budget 2023. This year’s budget aims to tamp down cost increases and boost the island nation’s economic viability. After a difficult 2022 characterised by record high inflation, social alienation policies, and border closures, Singapore is now out […]
Who are the Officers of a Company in Singapore?
The duties of officers in Singapore-incorporated corporations are prescribed by the country’s Accounting and Corporate Regulatory Authority (ACRA). The following description lays out who they are and what their roles include, even though they each bear numerous responsibilities to ensure that all businesses abide by the Singapore Company Law. According to the Companies Act, Who […]
Should You Buy a Commercial Property Under Your Corporate Entity in Singapore?
Acquiring a property is a big step for anyone, and many people in Singapore would consider it only as an opportunity when it comes to residential properties, but what if there was more to it, particularly for companies wanting to grow themselves? Could owning a commercial property through a corporate entity be the solution you […]
All You Need to Know About Starting a Travel Agency in Singapore
As a tourist, you are one of the most important assets to almost any country. According to the United Nations World Tourism Organization, tourism generates an estimated 3.2% of the world’s GDP. It is a key driver of jobs and economic growth and a major source of foreign exchange for many countries. Well, Singapore is […]
Benefits of Starting a Holding Company in Singapore
An excellent place to start when creating your international holding structure is by forming a holding company in Singapore. To grow their operations and also reduce taxable income, numerous multinational organisations have constructed their own holding structures throughout the world, including Singapore. Numerous industry behemoths, like Berkshire Hathaway, DBS Group, and Alphabet (Google), have established […]
Singapore’s Startup Ecosystem – Trends and Statistics
Singapore’s economy is undeniably thriving, but even so, its start-up ecosystem is exceptional and deserves special recognition. Various startup companies have flocked to the country with significant capital, making investments in various sectors of the economy. The trend has also seen multinationals invest and launch vibrant new lines of business, all of which have increased […]
Should You Open A Wise Account In Singapore For Your Business?
Over 15 million individuals and businesses use Wise for local and international remittances. The UK fintech company, which started as TransferWise in 2011, now performs over £9 billion in monthly remittances in some 70 countries. Singapore is among the Asian countries to enjoy the full services of this payment solution, including the option of spending […]
Why Should You Still Consider Holding Virtual AGMs?
With COVID-19 and its attendant restrictions out of the way, many companies are now back to their usual ways of conducting business. Virtual meetings are fading away, including virtual AGMs and companies are slowly moving back to holding face-to-face meetings. Most economies are also recovering from lockdown setbacks, and offices are now as busy as […]
