Accounting for Cryptocurrencies
11 minutes Cryptocurrency is an intangible digital token that is recorded using a public distributed ledger (primarily referred to as ‘blockchain’). Simply put, cryptocurrencies are assets which lack a physical form.
7 Reasons Why You Should Incorporate in Singapore
4 minutes Singapore is a popular choice for incorporation because of its strategic location, favorable tax system, and impressive business environment. For these reasons, it’s no wonder Singapore is becoming a popular choice for business incorporation among entrepreneurs, companies, and ventures of all sizes worldwide.
Whether you’re a start-up or a multinational enterprise, incorporating a company in Singapore can substantially benefit your business. Here are the top 7 reasons you should incorporate your business in Singapore.
5+ Easy Steps To Apply For Employment Pass In Singapore
4 minutes Are you looking to work in Singapore? Do you know how to apply for an employment pass in Singapore? The Asian tigers have been on the rise for decades, economy-wise. Hong Kong, Taiwan, South Korea, and Singapore continue to thrive in modern times as centers of culture, commerce, and technological innovation.
As such, it is no surprise that immigrants from across the globe are flocking to these countries, seeking to begin a new life and take advantage of the opportunities there.
Singapore is an exciting country whose economic growth over the last few decades has been nothing short of remarkable. As a high-income country with a per capita income of $61,000, (as of 2022), it is no surprise that it is highly favored by individuals and businesses seeking commercial opportunities.
Such a high level of commercial growth means that employment levels are high. If you’re seeking a work permit in Singapore, you can apply for an employment pass.
An employment pass is a type of work visa or permit that allows foreigners in professional and management positions to work in Singapore. A work visa is an essential requirement for all foreigners looking to get work in Singapore and an employment pass is a great option.
As the international community continues to grow and companies begin to expand their reach into new territories, there is the need for work visas or employment passes to allow for the easy operation of these businesses in Singapore. A number of requirements must be met before one can get an employment pass in Singapore.
Keep reading for more information about applying for and getting an employment pass in Singapore.
The Ultimate Guide To Outsourcing Your Singapore Business Solutions
4 minutes Businesses rely on so much more than capital to get going. It’s not enough to simply source for funding to launch operations.
To get properly started with your business organization, you need to ensure legal compliance in whichever country you’re based in. This implies business incorporation.
You simply cannot neglect your business operations. For various reasons, your organization may be unwilling or unable to take on the additional workload involved in recruitment and human resource management, accounting and taxation, sales, marketing, customer service, and other crucial business operations.
As a result, outsourcing your business operations is a no-brainer. This way, you can leave a considerable portion of operations to professionals and focus on the commercial side of your business.
If your business organization is located in Singapore or Hong Kong, you can expect to learn everything there is about business operations outsourcing in this article.
Read on!
11 Eco-friendly Companies Singapore Has To Offer
5 minutes Singapore’s first prime minister, Mr. Lee Kuan Yew, left it with a tradition or vision that has continued to define it in the current era. This vision aims to transform Singapore into a “City in a Garden” with a clean, green environment to soften the harsh concrete metropolitan environment and raise the standard of living there. In order to survive, it has become imperative for businesses to implement this vision into their daily operations.
How Your Business Can Achieve Digital Transformation In Singapore
5 minutes Digital is the new world. And the transformation has been lightening quick. For businesses, it is as simple as adapt or fade away. Digital transformation in Singapore is occurring at a rapid pace. We take a deep dive into how you and your business can stay on top of the new digital wave.
The Benefits And Challenges Of Setting Up A Singapore Holding Company
5 minutes An excellent place to start when creating your global holding structure is by forming a holding company in Singapore. Several multinational organizations have constructed their holding structures throughout the world to grow their operations and reduce taxable income, including in Singapore.
Numerous industry behemoths, like Berkshire Hathaway, DBS Group, and Alphabet (Google), have established their holding or subsidiary corporations in the city-state. Singapore is one of the best locations to start a holding company because of many factors. The ease of Singapore incorporation and its advantageous tax system are the most significant advantages.
10 Places To Do Corporate Volunteering In Singapore
6 minutes The act of volunteering involves much more than just rendering communal service with the aim of fulfilling some charitable obligations or complying with certain institutional requirements.
Volunteerism is more of a humbling way of contributing to the goal of making our world a much better place to live in. When people who are concerned about certain society issues come together to offer solutions, their resources are contributed towards bringing new, creative ways of helping out.
If you’re currently working in a business that is looking for meaningful ways to do more for both the local and broader communities in Singapore, there are many options available. For many, fundraising will be the best option, but many businesses are now engaging in corporate volunteering. Read on to learn more about why you should consider corporate volunteering in Singapore and specific places you can do it.
How To Open A Local Company In Singapore For Foreigners
5 minutes If you’ve studied the Asian market carefully for many years, you’ll be aware that Singapore is one of the best jurisdictions in the region. Many business owners – local or foreign – make their way to the country to take advantage of its resources and create a suitable environment for their businesses. While new local business owners may already be familiar with what it takes to open a local company, foreigners are likely to be unaware of many important things. Are you a foreigner who wishes to start a company in Singapore? This piece will show you how to open a local company in Singapore for foreigners.
Here’s Everything You Need to Know on Annual Leave Entitlement in Singapore
4 minutes As an employer, managing your employees’ annual leave is a crucial aspect of your responsibility. If managed properly, annual leave is one of the biggest motivations for employees, but it could also become a big problem. If you intend to be a Singapore employer or are already one, you need to know everything about annual leave entitlement. This piece will reveal all the essential details about annual leave entitlement in Singapore.
Here’s Everything You Need To Know About The Certificate Of Incorporation In Singapore
3 minutes Singapore is easily one of the best places to start a business worldwide. A certificate of incorporation will be the final step after completing your business registration in this jurisdiction. However, contradicting information on the internet can easily confuse new business owners. That’s where we come in. This piece will reveal everything you need about the Certificate of Incorporation in Singapore.
How Do Expats In Singapore Pay Tax?
4 minutes Living in another country can be a relatively tough experience. You’ll have many things to learn, including new languages, and a new taxation system. Many people readily move to Singapore because living and staying here is quite beneficial. The country is one of the best places to live, play and work in Asia. It also offers quick access to other great nations, such as Vietnam, Malaysia, Indonesia, Thailand, and Cambodia. And what’s more, Singapore is popularly touted as a country with a low tax rate for individuals, including expatriates. This piece will reveal vital details about tax in Singapore for expats.
A Detailed Guide On Tax Invoices In Singapore
4 minutes Every Singapore business must take its record-keeping seriously. Record-keeping through receipts, regular invoices, and tax invoices is crucial to let business owners understand how their business is faring. While receipts and invoices are common tools most businesses use, some may still yet to fully grasp how to work their way around tax invoices. If you fall into this category, this piece is meant for you. This piece will provide essential details on how businesses can handle their tax invoice in Singapore.
9 Ways To Reduce Income Tax In Singapore For Foreigners
4 minutes Although the basis for Singapore’s income tax computation is the total earnings in the city-state, it is still possible to get a smaller tax bill compared to those earning much less. Hence, familiarity with how to reduce income tax in Singapore for foreigners can come in handy.
EntrePass Singapore: What You Need to Know
4 minutes Entrepreneurs, businesses, and investors looking to do business in Singapore can benefit from knowing more about the entrepreneur pass or EntrePass Singapore visa. The good news is its availability to anyone, irrespective of nationality, provided the business concern is not explicitly stated as ineligible. Of course, just like all visas, some conditions must be met:
Singapore’s Most Vibrant and Fast-Growing Business Landscape: Asia Square
4 minutes Singapore is one of the rising business locations in the world today and more businesses are moving their headquarters and offices to the “Little Red Dot.” Thanks to its strategic location, businesses can gain a foothold in the Asian market and thrive. Singapore’s many business centres are designed to help you set up your business successfully. You need to choose the best fit for your business since there are so many of them. Based on popular choice, one of Singapore’s trending business centre is undeniably Asia Square. In this article, find out more about why Asia Square is the best business centre in its unique ways!
How To Calculate Employee Wages In Singapore
4 minutes Many industrious investors and entrepreneurs are looking to establish commercial operations in Singapore. It boasts one of the most successful economies in Asia with plenty of room for further growth and development. While Singapore has relatively strict laws, particularly when it comes to business operations, it’s a country that has served its local market players well. There are numerous variables that are involved in handling employees such as salary calculation, Singapore payroll laws, and the like.
3 Ways to Get Singapore Work Pass Visa
5 minutes Singapore is fast becoming one of the most sought-after destinations in the job market. If you plan to work in Singapore legally, one of the most important things you need is a Singapore work pass visa. In most other countries, the work pass and work visa are separate, but this is different in Singapore. Singapore only has one such work documentation and it is known as the work visa or work pass.
The Singapore Green Plan: How to Set up a Paperless Office in Singapore
5 minutes One common thing in every office is the large amount of paperwork. The more work you have, the more paper you use. Paperless offices have become more popular in recent years. Experts had previously predicted the coming of paperless offices, which have finally become more feasible/accepted. Setting up a paperless office in Singapore will fit perfectly with the Singapore Green Plan.
What Foreign Investors Need to Know about the Singapore Standards on Auditing
4 minutes As mandated by Singapore’s Companies Act, company audits can only be done by a registered accounting professional who observes the SSA or Singapore Standards on Auditing. Like all countries worldwide, private companies’ financial statements undergo a legal audit annually unless exempted due to the company meeting specific criteria.
An Outline of Corporate Tax Filing in Singapore
5 minutes Based on the previous year’s operations, corporate tax filing in Singapore is tricky. Although the tax basis is the same in many other countries across the globe, the tax rate for the income of local and foreign firms in Singapore is just 17%. On top of that, the country offers a tax exemption plan for new ventures, except for those.
Top Tips for Outsourced Accounting Services in Singapore
7 minutes In the past, individuals, businesses and organizations hire in-house accountants to oversee their financial transactions and records. However, these days, businesses can outsourced accounting services for small business in Singapore to professionals with a high understanding of financial systems.
How does Cessation of Company in Singapore Works?
5 minutes Despite its size, Singapore has a booming business economy. In fact, it has more than half a million companies in business at the moment! Regardless of all those businesses that are thriving, there are some that aren’t and need to apply for the strike off company singapore.
