The year 2024 marks a pivotal moment for Singaporean business owners. The Goods and Services Tax (GST) in Singapore underwent a significant rate increase from 7% to 9% within the last 2 years. This transition necessitated thorough preparation and strategic foresight for many SMEs. This reviewer should help new Singapore business owners get up to speed on the 2024 GST rate hike and it's impact on your operations moving forward.
The entrepreneurial landscape in Singapore is dynamic and competitive. As a business owner, having a corporate secretary is not only a legal requirement but also a strategic decision that can streamline your business operations. Let's explore how.
Singapore, renowned for its robust economy, strategic geographical location, and business-friendly environment, has become a magnet for foreign entrepreneurs and investors looking to establish a foothold in Asia. For foreigners, dealing with unfamiliar and complicated corporate compliance requirements can be a tedious challenge. In this guide, we'll walk you through incorporating your foreign company in Singapore and performing common corporate processes such as choosing the right business structure for your needs.
Starting a new business venture by yourself or with a trusted partner can be an exciting journey, but it also comes with its fair share of confusing rules and regulations. If you’re planning to get set up in Singapore, you’ll need to read up on the Companies Act.
So, you want to start a business in Singapore. Whether you're a local or a foreigner, there's plenty of opportunity for entrepreneurs in the Lion City. But before you get started, there are a few things you need to know—like the minimum amount of paid-up capital required to incorporate a company (S$1).
For startups and SMEs, mastering the intricacies of corporate tax in Singapore is essential for enhancing financial performance and ensuring regulatory compliance. This guide delves into the corporate tax landscape in Singapore.
Get Started
