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Setting Up an Offshore Company in Singapore An offshore company is a company that incorporated in a jurisdiction other than the jurisdiction that constitutes its main place of operations or where the company’s principal investors reside. In other words, offshore simply means a jurisdiction other than your own. Some of the advantages when incorporating an…
Filing Annual Returns with ACRA All Singapore company incorporated are required to hold their Annual General Meeting (AGM) and file Annual Returns under S175, S197 and S201 of the Companies Act. Directors shall present the true and fair view of the company’s account to their shareholders at the AGM. For the Annual General Meeting (AGM),…
Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme Assurance in old ages includes three key considerations that are healthcare, retirement and housing. The Central Provident Fund or also known as CPF, is the key pillar of the Singapore’s comprehensive social system that enables working Singapore Citizens and Permanent Residents to set aside funds…
What is Mosque Building and Mendaki Fund (MBMF)? Every working Muslim in Singapore, regardless foreign workers or permanent residents are to contribute to a community fund, the Mosque Building Fund. Indeed, an efficient way to raise a community fund from Muslim workers was to devise through the Central Provident Fund Board’s collection system. The MBF…
What Do You Know about Skill Development Levy (SDL)? Do you know? As an employer, on top of CPF contribution and Foreign Worker Levy, you are required to pay a mandatory levy for all your employees working in Singapore, and that would be Skill Development Levy (SDL). The SDL also includes foreign employees and employees…
What is Chinese Development Assistance Council (CDAC)? The Chinese Development Assistance Council (CDAC) is a self-help group (SHG) serving the less successful individuals and families in the Chinese Community. The CDAC Fund is used to fund CDAC’s programmes and assistance schemes to help the students, workers and families from the lower income groups overcome their…
Why Do You Need to Outsource Your Company Secretarial Service in Singapore? It is a MUST for every company to appoint a company secretary within six months of incorporation. So, who can serve as your company secretary? Company secretary should be a Singaporean citizen, permanent resident or Singapore Employment Pass / EntrePass / Dependent Pass…
What is Singapore Indian Development Association (SINDA)? Singapore Indian Development Association (SINDA) was formed in 1991, with the aim to raise the academic level of Indian students in Singapore. In addition to that primary objective, SINDA also offers a range of programmers and services to assist families who approach them for various forms of assistance.…
6 Things You Need To Do After Your Company Has Setup After setting up your business, what is the next step? There are 6 things you should know and need to do after your company has setup, which includes accounting and bookkeeping, prepare financial statement, report income tax, register GST, hiring of staff and business…
Why Singapore is the best place to start your business in Asia? The choice you made where to start your business is very crucial. As each country has its own sets of variables that come into play. Hence, before making any decision for setting up company Singapore, thorough consideration has to be done. If you…
Why You Should Consider Expanding to Asia? Whether you’re a US based business owner or a European entrepreneur, if you’re looking to achieve global success, then it makes sense to penetrate into newer markets and cater to target audience located internationally. Consider expanding to Asia to experience success like never before as Asia has become…
Expanding and Setting Up a Business in Indonesia to Enhance Business Growth Recognised as the land of opportunities among both local and international entrepreneurs, Indonesia is becoming one of the most sought after places among business owners to setup operations. In South East Asia, Indonesia is known for having the largest economy with roughly half…