What Are The Best Business Opportunities For Foreigners In Singapore?

Singapore is the land of opportunities for the aspiring entrepreneurs from around the globe. Along with the local residents, the Singaporean government is keen in welcoming foreigners to start a company in the strategically located sunny island in the Asia Pacific. We at VentureHaven help foreigners for starting a new business in Singapore. Our services start from the company registration process to let the clients informed of the business laws of this country along with helping them to select [...]

Efficient Bookkeeping for Newly Incorporated Companies

Importance of Efficient Bookkeeping for Annual Compliance in Singapore Once successfully incorporated, new companies must begin proper and efficient record keeping for compliance purposes. Inland Revenue Authority of Singapore, IRAS, mandates financial records and accounts be properly maintained so that income earned and business expenses can be determined readily. Records and accounts must also be supported with invoices, serially numbered receipts, income records,  purchase and business expense records and other records of financial transactions related to your business.Come annual [...]

Credentials and Duties of a Singapore Corporate Secretary

Appointing a Singapore Company Secretary Companies successfully incorporated in Singapore are required to appoint a Corporate Secretary within 6 months from the date of their incorporation.VentureHaven’s Corporate Secretarial Services provide business operations with a wide range of secretarial services they need to stay in compliance with regulations governing Singapore businesses.  Corporate secretaries also perform a range of business, operational and financial duties upon which efficient administration of a company relies. Duties most corporate secretaries are responsible for include:Board [...]

Rules For Foreigners To Start A Business In Singapore

Foreigners are highly benefited to starting a business in Singapore. The business-friendly government has framed the laws in favor of the foreign entrepreneurs looking forward to trying their luck in Singapore. The highly urbanized island republic is equipped with the best business infrastructure matching the business infrastructural standards of Silicon Valley and Hong Kong. But in spite of that, investors have the opportunity for saving more profits because of the easy tax systems.Let’s check out some rules for the [...]

Massage Establishment Act New Regulations

New Business Licence Restrictions for Massage Parlours in Singapore Passed in November 2017, new provisions under the Massage Establishment Act (MEA) targeting unlicensed massage joints came into force in March 2018. Under the new regulations, massage parlours located in HDB estates are to close for business by 10.30pm every day. However, massage parlours operating within hotels, as well as in designated areas, such as Orchard Road, Marina Centre, Marina Bay, Shenton Way, Collyer Quay, Changi Airport, can continue to operate [...]

Variable Capital Company (VCC)

New Business Structure Available in Singapore for Investment Funds Modeled after similar corporate fund structures in global investment fund centres such as the UK, Ireland and Luxembourg, the Variable Capital Company (VCC) provides investment funds a new corporate structure that will encourage fund managers to domicile their funds in Singapore, which in turn will strengthen the nation’s full-service fund ecosystem. Similar VCC structures have already been adopted by other jurisdictions in the region, so the passing of the VCC Bill [...]

Protecting Your Business against Losses in Singapore with Supplier Risk Assessment

Singapore is the ideal destination to start company at a complete risk-free zone. Still, if you want to experience a risk free supply chain business in Singapore, opting for the supplier risk assessment will be your best option. Besides, this new age management system ensures complete protection of your business against losses. Along with registering and incorporating your business in Singapore, you should also opt for this for enhancing the protection of your supply chain business.Efficient supply chain assessment [...]

Eligibility and Duties of a Company Nominee Director

Eligibility and Duties of a Company Nominee Director Requirements of a Company Nominee Director in Singapore An incorporated private limited company in Singapore requires at least one director who is a local resident. A company that is 100% owned by non-Singaporean residents must therefore appoint a Nominee Director to fulfill this requirement stipulated by the Companies Act. According to the ACRA, a Singapore Citizen, Singapore Permanent Resident, an EntrePass holder or an Employment Pass holder who has a local residential address [...]

How to Choose the Best Headhunters to Hire Employees for Your Company in Singapore?

Are you about to start your business in Singapore? Our services at VentureHaven will help you to registering company Singapore to providing the company secretary, bookkeeping and other associated services. Our clients have trusted us for the one-stop services we have provided in establishing their companies in Singapore.Along with registering your business or incorporating the company in future, you also need to hire qualified employees for the position of company secretary and directors. Popular recruitment companies maintain a brand [...]

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