Dear Valued Customers, Welcome to Our June Newsletter As we move through the middle of the year, it’s encouraging to see several of our key markets making significant strides across trade, technology, sustainability, and industry. These developments not only reflect the resilience of the region but also highlight new opportunities for businesses looking to expand…
Investment Growth Boosted as Singapore’s Exports Hit Record High Singapore’s exports recorded their strongest growth in more than two decades, highlighting continued investment in AI and advanced technology despite global uncertainty. Strong Electronics Demand Lifts NODX Non-oil domestic exports (NODX) jumped 38.4% in May compared with a year earlier, marking the biggest increase since 2003.…
Singapore is shifting towards a fully digital GST compliance system through InvoiceNow, the national e-invoicing network built on the PEPPOL standard. It enables businesses to exchange structured invoice data electronically, improving efficiency, accuracy, and transparency in tax reporting. Under the GST InvoiceNow Requirement, GST-registered businesses must use InvoiceNow-ready solutions to transmit invoice data to IRAS.…
Singapore’s corporate compliance framework has become more stringent following the commencement of key provisions under the ACRA Corporate and Accounting Laws (Amendment) Act 2025 in May 2026, which include stricter enforcement of directors’ duties, with penalties of up to S$20,000 and imprisonment of up to 12 months for serious breaches. As a result, businesses that…
Singapore is rapidly moving toward a fully digital tax and invoicing system, & InvoiceNow is at the centre of this transformation. According to IMDA updates, more than 60,000 businesses are already connected to InvoiceNow, reflecting steady nationwide adoption of Peppol-based e-invoicing across SMEs and larger enterprises. This foundation is now being extended into GST compliance…
Corporate tax filing is a mandatory annual compliance requirement for all companies in Singapore under the Inland Revenue Authority of Singapore (IRAS). For the Year of Assessment (YA) 2026, all companies must file their Corporate Income Tax Return by 30 November 2026, including companies with no income or business activity. Singapore’s corporate tax system is…
Singapore Raises 2026 Export Growth Forecast Amid Rising Global AI Demand Singapore has raised its export growth outlook for 2026 as growing demand for artificial intelligence (AI) technologies continues to strengthen the country’s electronics sector. Singapore Upgrades 2026 Export Growth Forecast Enterprise Singapore (EnterpriseSG) now expects non-oil domestic exports (NODX) to grow between 3%…
According to the Accounting and Corporate Regulatory Authority (ACRA), company incorporation in Singapore is now routinely completed within 24 hours through BizFile+, with new registrations processed at a pace that highlights both demand and system efficiency in 2026.
Singapore is widely recognised for its ability to facilitate company incorporation with remarkable speed, which is as little as one business day, but what happens after registration is far more critical. For tax compliance, avoid these 6 gst filing mistakes that trigger iras queries in 2026. For a concise overview of these first obligations, see…
Can a foreign entrepreneur truly control a Singapore company without living in Singapore, or does compliance quietly dilute control before the business even begins? Many foreign-owned companies formed in Singapore are incorporated without a founder based locally. Still, each one must meet a fixed legal requirement set by the Accounting and Corporate Regulatory Authority: every…
What distinguishes businesses that endure a crisis from those that fail under one? In many cases, the answer lies in structure, specifically whether those who built the business gave careful thought to ownership arrangements before difficulties arose, rather than after them. Singapore recorded 7376 new filings in January 2026, an increase from the same period…
EnterpriseSG Launches Austin Office to Drive Digital Economy Growth in the U.S Enterprise Singapore has opened a new office in Austin, Texas, to help local companies grow in the US market and support digital economy growth. This is its fourth US office, marking its official joining of the New York, Los Angeles, and San Francisco.…