Insights
Our team at Kreston Helmi Talib is always on the lookout for industry news, and updates that are relevant to our clients whilst we share our insights on how each can impact businesses. Stay tuned to our latest releases to keep abreast of solutions, recommendations, and fresh perspectives on pressing issues brought about by the changing business landscape, and global headwinds.
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…
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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…
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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…
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Getting a Singaporean Citizenship
The cosmopolitan and vibrant city of Singapore is home to over one million expats from different parts of the world. Diverse communities, great infrastructure, economic and political stability, supreme health care facilities and educational institutions are some of the reasons why many foreigners wish to choose Singapore to be their home. People who settle down…
Read MoreAll You Need to Know About Singapore Work Visas
Immigrating to a new country can be a daunting task for many and understanding the various visa options available becomes crucial to make this move. Over the years, Singapore’s liberal immigration policies have witnessed a surge in foreign talent entering the country, a key source of innovation and economic growth. Today, over one million expatriates…
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Understanding the business culture of Singapore
Foreigners looking to set up a business and relocate to Singapore may be faced with unwritten social rules and work ethics that are local to the country. Understanding the business culture of the region can help in significantly moving your business to the next level and accustom yourself and your employees to the new work…
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Amendments to IAS 21 (Lack of Exchangeability)
The existing International Accounting Standards (IAS) 21, otherwise known as 'The Effects of Changes in Foreign Exchange Rates', provides guidelines and references for companies in using a spot exchange rate or rate for immediate delivery to report foreign currency transactions, present financial statements in a different currency, or translate a foreign operation.
As businesses expand and the world grows smaller, challenges start to arise, resulting to the need for the standard to evolve alongside the market demands.
Final GST Rate Change Effective 01 January 2024 - What does this mean for your Business?
Starting 01 January 2024, the second Goods and Services Tax (GST) rate increase will be in effect. One of our Tax Directors, Sharifah Nabihah Syed Mahmood has summarised a list of reminders, solutions, and preparations you can refer to for another seamless transition.
The Role of Generative AI in the Accounting Profession
With the rise of using humanoid Artificial Intelligence in the workplace, where do accountants find the balance between the benefits and doom it brings?
Why Outsourcing your Accounting Needs is the New Normal
Statutory compliance is getting stricter by the day. Along with the global economic decline, rapidly changing market demands and countless other challenges, keeping up with the standards and focusing on profit-generating areas of the business may not be an easy task.
This is where outsourcing your accounting needs to the experts may be a viable solution.
Step-by-step Guide in Incorporating to Singapore
Before maximising Singapore's rapid economic growth, the following requirements are note-worthy for a quick and continuous application process. You can prepare these by going through the list or you can assign a filing representative and expert agents who will complete the documents and processes on your behalf.
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