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Is Singapore Really a Tax Haven? When you hear the term “tax haven”, what runs through your mind? The thoughts that cross your mind would be a place where taxes are levied at a low rate or even zero tax rates. Then comes the question of risk. There isn’t a fixed definition for the term,…
A Foreigner’s Guide to Start a Business in Singapore – Basic Steps To give your business a swift start, Singapore has done a lot to get the red tape out of your way. However, there are still steps to follow and procedures to comply with. Pick a Company Name These processes are regulated by…
What are the Schemes in Place for Moving to Singapore as an Investor or a Worker? Moving to Singapore is not a hard task if you have a legit reason for doing so. The city-state is welcoming of immigrants, whether that be investors or professionals. However, you need to ensure you have proper guidance regarding…
Things You Need to Know about the Visas Regarding Working in Singapore as a Foreigner If you want to work in Singapore, you will need to apply for an immigration pass. This applies to both, entrepreneurs looking to start their own venture in the city-state and professionals who secure a job in a Singapore-registered company.…
If You Have Been in the Sole Proprietorship Company for Some Time, Why Not Convert Sole Proprietorship Into Private Limited for the Better When the urge to start business surfaces, an entrepreneur would commonly begin with a small business enterprise. This business enterprise would consist of a sole proprietor. It is common for businesses to…
Rates and Rules of Singapore Tax: How Does Personal Tax and Corporate Tax in Singapore Work? Singapore, as a city-state, has one of the lowest tax rates in the world. Additionally, the residents benefit from many incentives, all of which decrease the total amount of tax they file. Today, we discuss everything you need to…
Requirements of Company Registration in Singapore – Guides You Should Know Business Potential Singapore is consistently ranked as one of the top countries in the world on the World Bank’s ease of doing business index. It is a tax haven which has the 7th highest GDP per capita in the world. Business opportunities are…
Many Couples Are Unaware of the Importance of an LPA for Marriage. Let Us Take a Close Look at the Benefits of an LPA Many people are not aware of the meaning of the phrase “power of attorney”, as well as, whether they really require one or not. The confusion is even more as the…
Rebranding: The Key to Updating Your Company – Preparations and Steps Going With the Flow The rapid digitalization of our era is constantly bringing in new advancements. It is no wonder that products and services are often being updated to keep up with the technological flow. Similarly, Singapore companies also have to keep themselves…
LPA for Widow and Make Your Will if You Are a Singaporean While many Singaporeans realize the importance of making an LPA for widow, very few actually end up doing so. The article highlights all you need to know about the legal aspects, consequences, and benefits of doing so. Lasting Power of Attorney It…
Follow in the Footsteps of the Singapore Capital Market for an Invaluable Success As an international hub, Singapore has managed the challenges and successfully navigated through the ever-changing global landscape. Singapore has always been a role model among its peers in terms of economic development. The Singapore capital market is one such example. The government…
Singapore Will Be Joining China and the US in Becoming a Global AI Powerhouse Emerging technologies such as artificial intelligence (AI) will transform the way business works in Asia and the world. Singapore’s strategy to deploy AI as part of its smart city transformation will pave the way. Singapore is in the works of developing…