Dear Valued Customers, Welcome to Our October Newsletter 2024 From being featured in The Straits Times in Singapore to cross border SEZs, October has been a busy one for the 3E Accounting world, and we’re going to share an overview of what’s been happening in Singapore and our Malaysia, Hong Kong, and Indonesia counterparts. …
Anti-Money Laundering Rules in Singapore Now Have Additional Measures Singapore officials unveiled additional anti-money laundering rules pertaining to inter-agency data sharing, dormant entities and channels closure, and programs to encourage businesses to report suspected activities. After uncovering a massive money laundering network last year, authorities seized over $2.2 billion in assets and imprisoned ten foreigners.…
Foreign entrepreneurs registering a business in Singapore must engage a licensed Corporate Service Provider to submit incorporation documents through the ACRA BizFile+ portal, as direct self-registration requires Singpass access unavailable to overseas nationals. Six pre-incorporation requirements govern every application. A unique ACRA-approved company name, minimum share capital of SGD 1, at least one shareholder, one…
Singapore recorded 617,848 active business entities including 453,787 registered companies as of mid-2025, with 6,610 new companies formed between January and May alone, averaging over 1,320 fresh registrations monthly across its highly accessible incorporation environment. Incorporating a company in Singapore follows five structured steps completing within one to three business days through the ACRA BizFile+…
Appointing a corporate secretary within six months of incorporating your company in Singapore is a statutory legal requirement, not an optional administrative decision, making this role fundamental to every company’s operational and governance foundation. Five measurable advantages define this appointment. Strict regulatory compliance through timely ACRA filings and accurate statutory register maintenance protects against financial…
Singapore & Indonesia to Collaborate on Low-Carbon Power Singapore will be importing more low-carbon electricity in collaboration with Indonesia. In its effort to further strengthen the nation’s commitment to sustainable energy, Singapore has identified Indonesia as a key partner in this green goal. On Thursday, Senior Minister, Mr Teo Chee Hean, announced that Singapore will…
Top IT Solutions Every Small Business Needs for Rapid Growth Running a small business comes with its own set of challenges, especially as it begins to grow. Efficient management, robust security, and strategic planning become critical components for sustained success. This is where the adoption of effective IT solutions can make a considerable difference. By…
Essential Accounting Tips to Kickstart Your New Company in Singapore Setting up accounting for a new Singapore company requires strict compliance with ACRA and IRAS regulations from the very first day of operations, covering recordkeeping, tax filings, and financial reporting obligations that directly determine long-term business sustainability. Five foundational practices establish a strong financial framework.…
How to Select the Right Cloud Solutions for Singapore SMEs Cloud solutions have revolutionised the way small and medium enterprises (SMEs) operate, offering scalable, cost-effective, and efficient ways to manage business processes. For SMEs in Singapore, embracing cloud technology can provide a significant edge, enabling you to streamline operations, reduce costs, and enhance data security.…
Best Cloud Solutions to Accelerate Business Growth in 2024 Cloud solutions have become an essential part of modern business operations. They offer flexibility, scalability, and cost savings that can significantly improve efficiency and productivity. Utilising cloud technology allows businesses to access data and applications from anywhere, making remote work easier and more effective. As businesses…
Top Strategies to Enhance Your Company’s Accounting Practices Improving your company’s accounting practices requires automating workflows, establishing strict internal controls, and performing regular reconciliation to minimize human error and prevent fraud. Businesses that maintain accurate, organised financial records gain a clear picture of financial health, enabling better decision-making and strategic planning. Six proven strategies drive…
Streamlining Your Business Operations with Integrated Cloud Solutions Integrated cloud solutions connect applications, databases, and workflows into a unified infrastructure, eliminating data silos, automating processes, and creating a single source of truth for business analytics. Organizations that adopt cross-platform cloud integration reduce overhead costs, streamline operations, and improve collaboration across sales, logistics, and finance departments.…