What You Need to Know About Singapore Corporate Tax Residency

All incorporated businesses in Singapore are required to pay tax to the government. The taxation process and requirements vary from other developed and developing countries, and so it is important for new companies in the country first to seek information about it to avoid fines and other penalties.Today, we will look at Singapore Corporate Tax residency. What is Singapore Corporate Tax Residency? In most parts of the world, the location or state that a particular company is incorporated is used to [...]

Quick Tips on How to Set Up a Private Company Bank Account

After successfully incorporating a company in Singapore, the next thing that you need to do is open a bank account. Just like the registration process, the process of acquiring a bank account for your private company is easy and automated. First, let us look at the primary documents and information that you need to present to your preferred bank.Certified True Copy of e-certificate of incorporation (one copy) Company account opening application form from an accredited bank in the [...]

What Do I Need to Consider When Choosing a Virtual Office

Most of the newly incorporated businesses in Singapore start off their journey to success by working in a virtual office. Luckily, there are hundreds of virtual office providers especially in the major cities such as Clementi that can help you get a virtual office that services your business right. Let us proceed and look at three factors that you need to consider when choosing a virtual office in Singapore today. The Business Address The location has an immense impact on your [...]

Primary Start-up Guide to First Time Entrepreneur in Singapore

Singapore is no doubt one of the best countries to start a private company in Asia Pacific region. The government offers great incentives to foreign entrepreneurs who would want to start a business in the country. The company registration process is automated and only takes a matter of days. Today we will look at four things that you should expect after your business is registered. Unique Entity Number (UEN) A unique entity number (UEN) is automatically generated and used to identify [...]

Insider Tips on How to Outsource Accounting Services in Singapore

Singapore is best known for providing a favorable working environment for not only the already successful businesses but also the small and medium enterprises that are trying to get a footing in the country. The low corporate tax, robust copyright protection regulations, and transparent business policies are some of the primary factors that favor SMEs.You could hire a skilled company secretary to help you handle these matters, but as the company grows, you might be forced to outsource accounting [...]

Four Common Mistakes Companies Make When Filling Tax

Inland Revenue Authority of Singapore is the government organization that is mandated to collect corporate and income tax in Singapore. As a fully registered company in Singapore, you are required to file tax returns at the end of every financial year. Today, we look at four common mistakes that companies make when filling tax with IRAS. Employee Income Tax Borne by Employer If you happen to withhold one of your employee salary pending tax clearance you should not mark the box [...]

Easy Guide to Getting an Employment Visa in Singapore

Here are tips on how to secure an employment visa in Singapore easily. Create a Comprehensive CV The evaluators will need to get accurate and full details of the applicant. One of the guaranteed ways of winning their confidence is by creating a fantastic CV packed with information about their academics and experiences. The experience of the applicant should match with the work that they intend to do in the country. Otherwise, any disparity between the two may lead to rejection. Provide [...]

Credible Source of Funding for Start-ups in Singapore

Singapore has one of the most straightforward company registration processes in the world. It is also considered the most ideal country in Asia Pacific region to start a company. Thousands of entrepreneur have started companies in the country with the main objective being taking advantage of the lucrative emerging markets and positively influencing growth of the economy.One of the main challenges that most newly incorporated companies in Singapore face is the lack of enough funding. Today we look at [...]

Costly Mistakes to Avoid When Incorporating a Start-up in Singapore

Friendly tax policies and first class infrastructure are some of the primary factors that make Singapore one of the best places to start a company. The government has made it easy for both local and foreign entrepreneurs to set foot in the country and start successful businesses by streamlining the company registration and incorporation process. Today, we look at costly mistakes that you should avoid when . Launching Too Later or Too Early When starting a business not only in Singapore [...]

5 Reasons to Open a Bank Account in Singapore

Singapore is not only one of the best places to start a company but also deal with opening a bank account even if you do not reside in the country. Since 1990, a large number of foreign companies have set camp in the country with the primary goal being to take advantage of the various emerging markets not only in Singapore but also in the entire Asia Pacific region.Here are five reasons to open a bank account in Singapore. High [...]

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