Expanded Opportunities for Work Permit Holders in Singapore: Full Guide Significant changes are being introduced to Singapore’s work permit system to provide greater flexibility for workers. One of the biggest shifts is removing the cap on the duration that most work permit holders, excluding domestic workers, can stay in the country. Instead of being limited…
Business Sentiment Is At Its Peak Since 2019 Among Singapore’s Small Enterprises The business sentiment among small businesses in Singapore has reached its peak since 2019. With over 60% expecting growth in 2025, businesses in the city-state are looking forward to the future. Confidence in the country’s economic outlook is also on the rise. 63%…
Foreigners can hold 100% ownership of a Singapore company but cannot self-register, requiring engagement of a registered filing agent to submit incorporation documents through ACRA’s BizFile+ portal on their behalf. Four mandatory requirements govern every successful application. At least one locally resident director must be appointed, with nominee director services available through registered corporate service…
In Singapore, companies have the flexibility to choose their own fiscal year end (FYE), thanks to the provisions under the Accounting and Corporate Regulatory Authority (ACRA) and the Companies Act of 1967. This decision, while seemingly administrative, plays a crucial role in shaping a company’s compliance calendar, tax obligations, and financial strategy. Your selected FYE…
Obtaining a Unique Entity Number, or UEN, is a statutory prerequisite in Singapore for businesses and other entities to obtain lawful accreditation and seamless interaction with government agencies. It enables easy tracking of an entity through the official UEN search databases to map its progress and regulatory alignment with the codified obligations. The UEN issuing…
Singapore has long been recognized as a beacon of fiscal stability and entrepreneurial success, offering a conducive environment for local and international businesses to thrive. The unveiling of the Singapore Budget 2025 further strengthens this reputation, focusing on enhancing existing programs and introducing new strategic initiatives aimed at empowering Singapore businesses of all sizes. These…
Dear Valued Customers, Welcome to Our March Newsletter 2025 Welcome to the March edition of our newsletter! As we step into a new season full of opportunities and growth, we’re excited to share the latest updates, highlights, and happenings with you. We’ve been very busy across our main hubs like Singapore, Malaysia, Hong Kong and…
A $5 Billion Investment Announced for Singapore to Boost Its Equity Market Development Singapore has announced an S$5 billion Equity Market Development Programme that will enhance fund management and the country’s trading liquidity. The program, led by the Monetary Authority of Singapore (MAS), involves directing funds toward asset managers with proven investment expertise, benefiting both…
Key Measures for Recruitment and Workforce Resilience in Singapore Budget 2025 Good news for employees, as key initiatives are being introduced in Singapore’s Budget 2025 to support recruitment, workforce resilience, and employee training. These measures are expected to be a game changer, as they aim to help businesses access talent at a lower cost…
Singapore’s well-established regulatory and transparent governance system has set the gold standard for business excellence and compliance underpinned by its agency – The Accounting and Corporate Regulatory Authority (ACRA), which regulates business entities, public accountants, and corporate service providers in the state. Therefore, all the business entities in Singapore shall abide by the laws, rules,…
ACRA serves as Singapore’s national regulator governing business registration, financial reporting, public accountants, and corporate service providers, making it the central authority every entrepreneur must engage when registering a company in Singapore. The incorporation process is completed within one to three business days through the BizFile+ portal. Use a dedicated singapore company name checker to…
All eyes were filled with hope as PM Lawrence stood in front of the podium to deliver his Budget Speech of 2025. Just like the dual role that Mr. Lawrence successfully plays as the Prime Minister and Finance Minister of the State, the Singaporeans have been expecting future building while at the same time enhancing…