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Frequently Asked Questions when Setting Up a Business in Singapore
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. Based on the numbers recorded by the Accounting and Corporate Regulatory Authority (ACRA), there is a 2% increase in business formations and registry in 2025 compared to 2024. With Foreign…
A Seamless Gateway from Singapore to East Asia and Beyond
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 are rapidly advancing technology and manufacturing powerhouses. For organisations and individuals venturing into business expansion to these countries through Singapore, establishing a clear and seamless pathway into the East’s…
EP 200 Implementation Guidelines (IG) 1 on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Compliance
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 in Singapore to ensure compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements. It clarifies key obligations, outlines risk-based approaches, and helps firms implement effective safeguards…
Singapore Opportunity Index: Driving Real Workforce Progress in Singapore and Beyond
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 (SOI), recently developed in partnership with Singapore’s Ministry of Manpower, the Burning Glass Institute, and the Singapore University of Social Sciences, aims to delve deep into the factors that drives…
Upholding Integrity: Key Takeaways from MAS’ Recent Enforcement Actions
Singapore prides itself on its stringent financial controls and regulatory oversight, which make it an attractive hub for business expansion and foreign investments. The Monetary Authority of Singapore, the body that oversees all financial functions, whilst ensuring the integrity, stability, and efficiency of Singapore’s financial systems, has been actively enforcing actions on breaches of…
Seamless Solutions Across Borders: Leveraging International Expertise Through Kreston Global
Why Global Connectivity Matters Over the years, business landscapes have significantly changed, driven by technological evolutions, global interconnectedness, shifts in consumer preferences, and the introduction of new markets and industries. These factors gave rise to endless opportunities for business growth and expansion into the international market. At Kreston Helmi Talib, we understand that optimising…
Ethics Pronouncement (EP) 100 Key Updates and Ethical Considerations
Singapore’s Accountancy Body, the Institute of Singapore Chartered Accountants (ISCA), has released updates on Ethics Pronouncement (EP) 100 to incorporate revisions to the code. They are as follow: Revised EP 100 to incorporate IESBA’s final pronouncement on Tax Planning and Related Services. This aims to reinforce the ethical responsibilities of professional accountants in Singapore when…
Kreston Helmi Talib Appoints New Audit Partner
Kreston Helmi Talib appointed Julius Magpantay as a new Audit Partner to further strengthen our audit capabilities, effective 1 July 2025, Julius began his career at one of the big four auditing firms in the Philippines before taking on a non-assurance leadership role for a multinational company. He joined Kreston Helmi Talib in…
Boosting Financial Integrity with the Latest Corporate Service Providers (CSP) Act and Regulations
Singapore is set to significantly strengthen its regulatory landscape for corporate service providers (CSPs) with the upcoming commencement of the Corporate Service Providers Act 2024 (CSPA 2024) and its accompanying Corporate Service Providers Regulations (CSPR) 2025. Both laws will take effect on June 9, 2025, reinforcing Singapore’s commitment to combating money laundering (ML), proliferation…
Singapore Budget 2025
Onward Together for a Better Future Tomorrow Budget 2025 is for all, with all Singaporeans as it works toward a better future tomorrow against global uncertainty and an increasingly competitive global landscape. Prime Minister Lawrence Wong, tackled vital key areas of focus and development during his speech that covered: Inflation and Living/Business…
Singapore is home to more than 5,000 maritime establishments, holding headquarters of 140 of the world’s top shipping groups. With the added advantage of having…
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As the world advances into a technologically connected global village, countries are constantly looking to expand their presence with the right infrastructure to catch up with the latest developments and innovative…
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This guide will provide you with an overview of the key aspects involved in registering a charity. Charities are designed as organisations which: Operate on…
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The Goods and Services Tax was first introduced in Singapore in 2003 as part of a government reform to shift taxes from an income-based to…
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Singapore serves as an attractive business hub for companies looking to expand into the emerging Asian Economy for numerous reasons, top of which include ease…
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The following article covers common mistakes that businesses may often overlook when filing their income tax returns and what measures to follow to avoid them.…
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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…
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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…
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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…
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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…
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