We're a collective of writers with diverse backgrounds from Singapore and the Philippines. Our team is dedicated to producing informative and educational content for new and seasoned business owners in Southeast Asia.
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.
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.
Singapore is a global powerhouse in finance and innovation, and its success can be attributed to the significant contributions of foreign workers who make up nearly 40% of its workforce according to the country’s Ministry of Manpower. To attract these skilled professionals, Singapore offers various work visa types that are generally allocated based on the applicants' salaries. This quick guide will walk you through the main work visas for professionals in Singapore.
Singapore continues to retain its top position as the world’s leading business environment in annual rankings by the Economist Intelligence Unit (EIU). As a prime destination for doing business, Singapore offers a plethora of options for entrepreneurs looking to set up shop in the region.
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).
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.
Singapore has a thriving business environment that's perfect for entrepreneurs and newbies looking to start their own side hustle. From low taxes and progressive banking benefits to other great features, there are plenty of reasons why this bustling Asian city-state is an ideal place to set up shop. In this article, let's take a closer look at the top 7 advantages you could get by incorporating your business in Singapore.
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.
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.
Taking the big step to launch an online business in Singapore is both exciting and overwhelming. One of the important legal steps you must take as a new entrepreneur is registering your business with ACRA (Accounting and Corporate Regulatory Authority). This may seem intimidating, but having all relevant information on hand can simplify this process significantly. In our latest blog post, we look into why proper registration matters, who’s exempt from it, plus how ATHR makes setting up quickly easy for any company looking to get started fast!