The Only Asian Nation in IMD’s Top Ten List Singapore is ranked 9th in the world for the most competitive places for talent worldwide for 2020. It is the only country Asian in IMD’s Top Ten list. However, there is a possibility the future ranking of the country could be impacted by the COVID-19 pandemic.…
3E Accounting Recognised at President’s Challenge 2020 Appreciation Event 3E Accounting was among 64 firms honoured for significant contributions to the President’s Challenge 2020 to empower vulnerable groups within the community through skills upgrading, capacity-building and employability. The President’s Challenge is an important national movement that helps rally Singaporeans to come together and build a…
A Virtual Chief Financial Officer Helps You to Strategize Early Stage Business Small and medium-sized enterprises are struggling to stay afloat during the pandemic Covid-19. Most business owners are wrestling to have the cash flow to keep the business afloat. It may sound absurd to hire a professional chief financial officer to take the lead…
WIC is Required Throughout Exemption Period Singapore employers must get Work Injury Compensation (WIC) Insurance for all their employees unless otherwise exempted from doing so. This is a requirement under WICA 2019. While most employers in Singapore do have sufficient WIC insurance coverage, many do not. Some employers don’t renew or buy the required insurance…
Information on Company Constitutions in Singapore You will find comprehensive information here that is helpful when it comes to forming company constitutions in Singapore. You must know how to start a business, register your company as an individual, and if you are a foreigner. Singapore has one of the highest economies in Asia, which is…
What You Need to Know About the Companies Act for Shareholders The government made an announcement that the Companies Act for shareholders receives changes based on the review of four years and public consultations. These are made by a special committee. A bill that has the amended Companies Act is going to be drafted and…
Re-domiciliation in Singapore is Good From having business-friendly policies, great infrastructure, a stable economy, and honest laws, Singapore is one of the best business hubs in the world. It is very supportive of the business environment. This makes it easier for foreign companies because the re-domiciliation in Singapore is very common. Re-domiciliation is where the…
Information on the Singapore Company Law In Singapore, companies should follow a constitution upon incorporation. A company constitution should be amended later by following the correct procedure if necessary. However, Singapore companies do not prescribe rules that should be in the constitution. The provisions in the company constitution that violate regulations in the Companies Act…
What You Need to Know About Singapore Private Limited Company A Singapore private limited company is a business entity that is registered under the Singapore Companies Act. it has a legal identity different from the shareholders and directors. If you are planning to open one in Singapore, it is important that you are aware of…
Flexible Wages Are More Rational Than Retrenchments Hard times in business will naturally result in a shortage of funds. Thus, it is a phenomenon that no one wants to be part of. No matter if it is the lowest grade officer nor the business owner. Being struck with little business income may ultimately result in…
Transitioning Your Business Online – E-commerce Capitalize on e-commerce growth by transitioning your business online. 3E Accounting lays out the essentials to keep in mind. One of the pandemic’s positive effects has been to spur a great migration online and drive global e-commerce. Companies the world over have had to rethink strategies and apply innovation…
Making the Seamless Switch From Traditional to eBusiness Going from a traditional business to an eBusiness is something many entrepreneurs in Singapore are starting to consider. At 3E Accounting, we can help you transition with ease. How to Make the Change It is a big decision, but it also happens to be a decision…
