You Can Set Up a Variable Capital Company in Singapore Singapore creates another fund framework to encourage investors to domicile their funds in Singapore. By doing this, it enhances the value of jurisdiction as an international centre for fund management. The Variable Capital Company started its operation on January 14, 2020, that allows collective schemes…
Setting Up a Shipping Company in Singapore The shipping industry of Singapore has a significant contribution to its GDP, which is 7%. There are currently over 5,000 shipping companies that are based in Singapore and it keeps growing. Today, the country has become an important international maritime centre. Its economic centre has resulted in trading…
The Importance of Capability Development Grant (CDG) The Capability Development Grant (CDG) is an assistance program that financially helps business owners to have a foundation for their capabilities in 10 main business areas. It covers using new technologies to upgrade the standards of their service, from an expansion overseas to training staff, and more. The…
Basic Concepts on Re-employment in Singapore The Retirement and Re-employment Act (IRRA) sets the minimum retirement age to 62 years old. It is illegal for employers to dismiss an employee because of their age. Employers should offer re-employment to employees when they turn 62 up to 67 if they are eligible to continue working for…
How is Employee Engagement Important to Your Company? Employee engagement is a primary principle in making your organization successful. It makes your staff happier, increases their productivity, and boosts profitability. If it’s not there, your staff can feel stuck and unmotivated. Managers have a better understanding of better employee engagement and how it becomes hand…
Proposed Law May Help Singapore’s Small Firms That Have Been Affected by the Pandemic A new law in Singapore may help small firms by allowing them to renegotiate deals and exit contracts without penalties, depending on the situation. This is because the business landscape has completely changed this year due to the Covid-19 pandemic. The…
Plans in Place to Strengthen the Laws That Regulate Virtual Payment Service Providers Singapore will be stepping up its measures against terrorist financing and money laundering. Changes to the law will strengthen regulations on virtual payment service providers. The Bill will improve the current regulatory framework that is in place for (Virtual Asset Service Providers…
3E Accounting Founder Lawrence Chai Invited to Speak at Accounting and Finance Show Asia 3E Accounting Founder Lawrence Chai spoke at Asia’s largest virtual event – Accounting and Finance Show 2020, on how businesses can utilize technology applications to support business continuity for their practices. Lawrence also shared on key strategies and digital transformation initiatives…
B2B Company: What It Is and What It Offers Modern businesses are not self-sufficient in all of their essential operations. This is because every modern company needs to incorporate the latest tools and technologies to stay competitive. Furthermore, they must keep up with changing customer demands and rapidly evolving technologies. Therefore, it is evident that…
B2B E-commerce Features You Must Have To Stay Competitive B2B (Business to Business) e-commerce means selling products and services to businesses through e-commerce platforms. A B2B e-commerce model is different from a B2C (Business to Consumer) model. In a B2C environment, such as Amazon and eBay, you the business generally sells to hundreds of millions…
Key Features of a POS System: What to Consider Before Buying? Point-of-sales System (POS) is the spot where business transactions like sales, orders, and rentals take place. The key features of a POS system include inventory management, sales management, employee management, and pricing and service customization. POS systems consist of hardware components like barcode scanners,…
Point-of-sales System: The Basics and Its Importance in Business Point-of-sales System (POS) is the place where the transactions for products and services offered by your company are carried out. Likewise, this system acts as a core part of your business and can carry out a multitude of important tasks such as inventory management, sales management,…