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Changes on statutory requirements for AGMs and filing of AR
The following legislative changes in relation to AGMs and the filing of ARs are in effect since 31 August 2018. This is part of on-going efforts to keep Singapore business friendly and competitive as well as to reduce the regulatory burden of companies. The key changes are: Alignment of relevant statutory timelines for holding AGMs…
Guide to Filing Your Annual Returns
An annual return (AR) is an electronic document to be submitted to the Accounting and Corporate Regulatory Authority (ACRA). It is intended to keep the company’s particulars with ACRA up to date and to provide critical information that will help the company’s stakeholders to make informed decisions. This section will go through the essentials to…
Statutory Compliance Requirements
Companies that have been incorporated in Singapore are required to adhere to a set of compliance requirements as prescribed under the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) of the country. This section will give you an overview of essential filings and registrations that must be fulfilled. Filing…
Hiring Employees: All You Need to Know
Singapore has evolved into a global hotspot for talent, ranking #2 overall in the Global Talent Competitiveness Index 2021. Individual and foreign companies who have set up their offices on this island city will find themselves open to a pool of quality talents including professionals in multidisciplinary fields, skilled and semi-skilled labour to boost their…
Government Grants to Help Your Business
Singapore has long been promoting an economy that encourages investors and entrepreneurs to bring forth innovative ideas and business solutions. Some of the many programs the Singapore Government has introduced to support businesses include varied incentive grants and schemes to help them upgrade their digital systems, support innovative ideas, and attract global talent, among many…
A Guide to Office Spaces in Singapore
Entrepreneurs and foreign companies who have made the decision to start or expand their business in Singapore can choose from a wide range of office space options available in the city. Commercial properties offer varied leasing and buying opportunities depending on the kind of location and features you are looking for. Before beginning your search, consider the following questions: Do I…
Singapore Foreign Company Registration
Every year, more and more individuals and foreign companies are looking to set up or expand their business in Singapore. A hassle-free company incorporation procedure coupled with attractive policies and a conducive business environment have made this lion city a thriving metropolitan. This page will take you through the essentials of incorporating your foreign company…
Type of Business Structures
Singapore, being home to over 400,0000 enterprises, allows for a variety of business structures that would meet the diverse needs of its business owners. Choosing the right type of entity is of crucial importance as this can determine your liability, expansion potential, tax, compliance cost and a whole range of other key issues critical for…
Essentials to Starting Your Business
Singapore, ranking second in the world for the easiest place to do business, is home to over 400,000 business entities. It is no surprise then that foreigners looking to start their business would choose this thriving metropolitan city as their base to start their operations. Making the decision to move to a new country and…
Permanent Residency Scheme for Investors
Foreign entrepreneurs and investors who are interested in starting or investing in a business in Singapore and looking to settle here permanently can make use of the Global Investor Programme (GIP) to acquire a Permanent Residency (PR). The GIP is aimed at attracting high net worth individuals with entrepreneurial experience into the country to boost…
The International Accounting Standards Board (IASB) has recently issued narrow scope amendments to address emerging issues in the financial landscape that took effect on 1…
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Singapore is Asia’s most attractive business hub, scoring 2nd worldwide just behind USA on this year’s Innovator’s Business Environment Index, that ranks countries with the…
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All GST-registered businesses in Singapore will soon be required to onboard their systems with InvoiceNow. To digitalise national tax compliance, invoice data will be directly…
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Singapore ended 2025 in a much stronger financial position than forecasted. The previous year’s S$15.1 billion budget surplus came more than double the estimate of…
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Business Registration in Singapore: A Guide for Foreign Entrepreneurs (2026) Singapore remains a competitive hub for foreign investment, consistently ranking atop the world’s biggest economies.…
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Two nations consistently sitting atop the five biggest economies in the world are in East Asia, China and Japan. Hong Kong, South Korea, and Taiwan…
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The Institute of Singapore Chartered Accountants (ISCA) has recently issued Ethics Pronouncement (EP) 200 Implementation Guidelines (IG)1. The guidelines provide practical know-hows for professional accountants…
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For years, particularly in the Accounting industry, attracting and retaining talent has always been a challenge for most, if not all, firms. Singapore Opportunity Index…
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Singapore prides itself on its stringent financial controls and regulatory oversight, which make it an attractive hub for business expansion and foreign investments. The…
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Why Global Connectivity Matters Over the years, business landscapes have significantly changed, driven by technological evolutions, global interconnectedness, shifts in consumer preferences, and the…
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