Business Encyclopedia

A

Accounting and Corporate Regulatory Authority (ACRA)
Audited Financial Statement
Annual General Meeting (AGM)
Annual Report (AR)
Articles of Association
Apostille

B

BizFile
Business Grants Portal
Business Profile

C

Central Provident Fund (CPF)
Certificate Of Residence (COR)
Common Reporting Standard
Common Seal
Companies Act (Cap. 50)
Company Constitution
Company Secretary
Company Stamp
CorpPass

D

Dependant’s Pass
Directors’ Resolution in Writing (DRIW)
Dividend
Dormant Company
Double Taxation Agreement (DTA)
Due Diligence

E

Electronic Register of Members (eROM)
Employment Pass (EP)
EntrePass
Enterprise Development Grant (EDG)
Estimated Chargeable Income (ECI)
Exempt Private Company (EPC)

F

Financial Year End (FYE)
Form C-S/ C
Form C-S (Lite)
Fund Accounting

G

Goods and Services Tax (GST)

H

Hedge Fund

I

Import/Export License
Income Tax
Initial Public Offering (IPO)
Inland Revenue Authority of Singapore (IRAS)
Intellectual Property Office of Singapore (IPOS)
Interim Dividend
IR21 Form
IR8A Form

J

K

Know Your Customer (KYC)
Knowledge Capital

L

Letter of Consent (LOC)
Limited Liability Company (LLC)
Limited Liability Partnership (LLP)
Limited Partnership (LP)
Liquidation (Court Order/Compulsory)
Liquidation (Voluntary)
Long Term Visit Pass (LTVP)

M

Ministry of Manpower (MOM)
MTI

N

Nominee Director
Nominee Shareholder
National Registration Identity Card (NIRC)
Notice of Assessment (NOA)

O

P

Partnership
Personal Data Protection Act (PDPA)
Personalised Employment Pass (PEP)
Private limited company
Productivity Solutions Grant (PSG)
Permanent Resident (PR)

Q

Quickbook Accounting

R

Register of Charges
Register of Nominee Director
Register of Registrable Controllers (RORC)
Registered Office Address

S

S Pass
Share
SingPass
Small Company
Sole Proprietor
Special Employment Credit
Sponsored Employment Pass
Striking Off

T

Trademark
Temporary Bridging Loan
Temporary Employment Credit (TEC)

U

UEN
Unaudited financial statement
Undischarged Bankrupt

V

Variable Capital Company (VCC)
Venture Capitalist (VC)

W

Wage Credit Scheme
Withholding Tax (Section 45)

X

XBRL
Xero

Y

Year of Assessment (YA)

Z

Zero Rated Supplies
Zero-rised Financial Statement

Ministry of Manpower (MOM)

The Ministry of Manpower (MOM) forms a part of the Government of Singapore with a mission to provide better work opportunities and secure retirement for Singaporeans. It is accountable for the formulation and execution of labor policies.

MOM is in charge of providing manpower-related services and information like work passes, employment practices, workplace safety and health, and the labor market information.

Foreigners who wish to work and stay in Singapore need a valid visa. Issuing of Work Permits, S Pass, EP, PEP, and EntrePass are within the ambit of MOM. Also, a foreigner who intends to study or live in Singapore with their family members would either require a Student Pass, Long term Visit Pass (LTVP), or Dependant’s Pass (DP), issued by MOM, to do so.

MOM’s website: https://www.mom.gov.sg

Divisions under the Ministry of Manpower (MOM)

  • Communications and Engagement Department
  • Corporate Planning and Management Department
  • Customer Responsiveness Department
  • Foreign Manpower Management Division
  • Human Resource Department
  • Income Security Policy Division
  • Information Systems and Technology Department
  • Joint Operations Division
  • Labour Relations and Workplaces Division
  • Legal Services Department
  • Manpower Planning and Policy Division
  • Manpower Research and Statistics Department
  • Occupational Safety and Health Division
  • Work Pass Division
  • Workplace Policy and Strategy Division

Statutory Boards under the Ministry of Manpower (MOM)