Ultimate Guide to Hiring Employees in Singapore

 Congratulations for successfully incorporating your company in Singapore. The next step that you need to take is to hire employees to help you carry out various tasks. Just like the registration process, there are legal protocols that employers and staff need to abide by always. All these regulations are well articulated in the Singapore Employment Act.Here is a brief overview to guide you through the hiring process. Employment Contract An employment contract is one of the most important document as it [...]

Things to Know Before Registering a Company in Singapore

Singapore government has made it possible for foreign companies to set camp here by providing tax exemptions and company incorporation processes that are favorable to businesses in all industries. However, there are some things that you need to know before registering the company. Taxation System Singapore is ranked among the top 5 countries in the world with a robust taxation system that favors not only local businesses but also foreign companies. As a newly incorporate company in the country, it is [...]

Pros and Cons of Setting up a Sole Proprietorship in Singapore

In Singapore, you are required to register a business if you are engaged in an activity on a continual basis for the purpose of gain or making money. A sole proprietorship is the easiest and simplest business structure in the country that you can register to do business. Once the business is stable, you can register a company with the Registrar of Companies.To help you understand the difference between a sole proprietorship and other company registration options available, let [...]

Primary Requirements of a Company Secretary in Singapore

 After successfully registering a company in Singapore, the next step that you need to take is hire a company secretary. First, it is important to note that a company secretary is different from the office secretary in spite of the fact that both are crucial to the management and operations of a Singapore incorporated company.The company secretary is one of the pillars of your company and has a direct influence on the future of the company. In any private [...]

How to Go Public and Get Listed in Singapore Stock Exchange

The Singapore government has made it possible for local and foreign entrepreneurs set up companies in the country by providing incentives such as tax rebates. The company registration process is pretty straightforward, and there are professionals to guide you through the company incorporation process to ensure it is successful.Once the company is up and running, you should consider converting it into a public company for it to be listed on Singapore Stock Exchange. One of the benefits of going [...]

4 Essential Bookkeeping Tips for a Newly Incorporated Company Singapore

As an incorporated company in Singapore, you need continuously update your accounting books to ease the tax filing process. If you don’t, calculating taxes will become a nightmare. Luckily, there are accounting systems that you can implement to automate various bookkeeping processes. More importantly, you need to hire a reputable bookkeeping secretary in Singapore to monitor the accounting systems as you concentrate on other equally important chores.Here are four important tips for a newly incorporated company in Singapore. Monitor Your [...]

Private Equity Financing Options Newly Incorporated Companies Should Know

Capital is the number one challenge that start-ups face during their early stages. Most of the newly incorporated companies are funded by the founders, family members, and friends. However, as the business starts to thrive, you will need to find other sources as the informal sources of funding may not be sufficient to support the company operations. Private equity financing fills this gap by providing the capital required to take the new business to the next level.Concisely, private equity [...]

Advantages of Converting your Singapore Company from Private Limited to a Public Company

 Converting a private limited company to a public company in Singapore is a crucial step that requires deeply evaluating the pros and cons of doing so. For a private company to qualify to transform into a public company, it has to have more than 50 shareholders that are recognized by the government.Here are some of the advantages of becoming a public company. Easier Access to Capital Most companies in Singapore decide to go public mainly because of the financial benefits. Initial [...]

Beginner’s Guide to Incorporating a Tech Company in Singapore

Singapore is the most preferred destination for foreign investors and entrepreneurs who are keen on establishing a tech company in the Asia Pacific region. The government has put in place measures to transform the country into the world’s first Smart Nation through the Infocomm Development Authority of Singapore (IDA). The primary goal is to establish an innovation-driven economy with technology startups providing the necessary vibrancy and innovation into the tech ecosystem.This is the best time to incorporate your tech [...]

3 Things to Note about Setting up a Non-Profit Entity in Singapore

 Singapore is considered to be one of the best places in the Asia-Pacific region to set up a company. The company registration processes and policies are friendly to not only local businesses but also foreign companies that would want to set camp in the country. There are more than 200 registered non-profit entities in Singapore operating in the main cities such as Tampines and Choa Chu Kang.A non-profit entity is an organization that does not distribute or share its [...]

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