Workplace Fairness Bill Passed in Singapore: Strengthening Anti-Discrimination Laws Singapore’s Parliament passed the Workplace Fairness Bill on January 8, introducing stronger protections against workplace discrimination. The bill received unanimous support from Members of Parliament (MPs) and aims to reduce biases related to age, nationality, race, gender, and other factors in employment decisions Balanced Approach…
Right after incorporating your local company in Singapore, you need to decide on many things, such as appointing a Company Secretary, obtaining licenses, tax registrations, etc. Finalizing the Company’s Accounting Period is one such important aspect that impacts your Company’s compliance requirements, tax reporting deadlines, and financial planning strategies. Whether you are an entrepreneur establishing…
Singapore Claims Top Spot as the World’s Most Innovative Country in 2024 Singapore has earned the title of the world’s most innovative country, surpassing the United States in the latest Global Innovation Scorecard. This biennial ranking, compiled by the Consumer Technology Association (CTA), evaluates 74 countries and the European Union based on factors like…
Understanding UEN: Does Your Business Require One? Well-known for its business-friendly ecosystem, Singapore also has a well-established and aligned regulatory framework for businesses. Its centralisation approach has integrated almost all the processes across various domains, such as its regulatory framework, digital business and other platforms and databases. Officially rolled out in 2009 by Accounting and…
Starting 1st January 2025, the Singapore government will adjust the Annual Value (AV) thresholds for several social support schemes, including the Goods and Services Tax (GST) voucher scheme, benefiting over 1 million residential properties. Designed to help lower- and middle-income households manage living costs, the Goods and Services Tax (GST) voucher scheme will provide enhanced…
Starting a business in Singapore follows ten structured steps managed through the ACRA BizFile+ portal, with most Private Limited Company registrations completable within 24 hours when all documentation is properly prepared. Many foreign entrepreneurs combine this process with obtaining an employment pass, making Singapore company formation with an employment pass a seamless pathway to relocation.…
Consistently ranked no. 1 as the world’s leading business environment by the Economist Intelligence Unit, Singapore is one of the most attractive places for capitalising businesses. entrepreneurs often corporatise their business by converting it into a private limited company. The incorporation of a Singapore company not only offers tax benefits but also provides credibility and…
Corporate cheques will continue to be processed until the end of 2026 By the end of 2026, corporate cheques will no longer be available in Singapore as the Monetary Authority of Singapore and the Association of Banks Singapore will be introducing two new e-payment solutions to replace retail and corporate cheque payments. Additionally, banks will…
Singapore continues to learn from best practices to top global public administration index Singapore was ranked first globally in the public administration index, according to the Blavatnik Index of Public Administration. The Blavatnik Index of Public Administration framework measurement measures broad areas of public administration such as national delivery, public policy, people and processes, and…
Dear Valued Customers, Welcome to Our December Newsletter 2024 It’s hard to believe how quickly this year has gone by! Here we are again at the final newsletter of the year and once again, 3E Accounting is closing the year out with achievements we can all be proud of. 3E Accounting Singapore Honoured with…
12 December 2024 – 3E Accounting is proud to announce its recognition as a recipient of the prestigious Airwallex Outstanding Partner Award 2024, an accolade that underscores its commitment to excellence and innovation within the global business ecosystem. This esteemed award celebrates the exceptional contributions of partners who have played a pivotal role in advancing…
7 Reasons Why Singapore is a Tech Hub in the APAC Region? Singapore is rapidly gaining recognition as Asia’s “Silicon Valley,” becoming the foremost hub for tech startups in the Asia-Pacific (APAC) region. With a Gross Domestic Product (GDP) valued at approximately USD 501.43 billion in 2023, Singapore contributes 0.48 percent to the global economy,…