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Tax duty refers to the legal documents that pertain to the transmission of assets. This task is customary in countries that are included in the Commonwealth of Nations such as Singapore, the US and Australia. When a stamp duty is enforced, the tax is allocated on the reassignment of the property such as homes, buildings,…
A company in Singapore can be completely owned by a foreign one and will also be considered a separate legal body. The liability of the parent company is only limited to its share capital in the organization along with the assets which are safe from debts and obligations. In addition, the child company will be…
Also called a lease, CAM and Escalation Expense Audit, a rental audit refers to the inspection and analysis of commitments and rights such as lease reviews. It is a pretty systematic process and involves the examination of involved documents, the interpretation of the language used and the measurement of the space involved. If you want…
Ecommerce is one of the fastest growing industries in the world and none more so than in Singapore. However, even though starting one can increase your success rate in the country, most people do not realize that it takes more than just setting up a payment portal and website. A significant amount of preplanning, market…
Why you should get an Accredited Accountant for your business Do you own a small but growing business the financial challenges of which are getting too much to handle? Then you need a second pair of hands in the form of an accredited accountant on staff who can handle those numbers, giving you time to…
In the world of business, payroll can be so intricate. Even to huge companies, Payroll has been one of the most outsourced functions in business. This strategic decision relates to the complexity and ever-changing nature of payroll management that is prone to human error. No matter how small, this error leads to financial deprivation. Thus,…
Singapore is a high-tech, innovative and commercially-geared country, which offers numerous benefits to entrepreneurs and global investors. Once considered a micro-nation, Singapore accumulates great commercial growth factors, which have been accelerated by the government’s promotion of lose control over information economy. Business entrepreneurs with out-of-the-box thinking are thus, not only valued in Singapore, but are…
Singapore has become a business and financial hub in the past few decades. Professionals and entrepreneurs from all over the world prefer Singapore due to its immigration and visa policies, which are designed specifically for attracting the attention of commercial investors and professionals. There are also several immigration visa schemes in Singapore that you can…
In a world where online business opportunities have evolved and become ingrained in commercial practices all over the world, it is inherent to have an official business website. This way, you can stay connected to your clients, partners as well as your customers at all times of the day. Not only that, your website will…
To do business in Singapore is a no-brainer. This year, this wealthy city-state nation has, for the 10th times, topped a ranking of the world’s best places to do business according to World Bank’s annual “Doing Business” report. The report measures the ease of doing business in 189 economies based on 10 areas of business…
Post-Registration Business Formalities in Singapore Starting your business in Singapore is quite easy and convenient. The availability of taxation incentives and financing services provided by the government, makes Singapore one the most thriving business hubs in the world. But starting your business comprises of much more than just the registration phase. You will need to…
Since 2004, Singapore has remained at the top of the list in World Bank’s rankings for the easiest country to do business. According to the most recent survey, this year was no different and Singapore held onto its position from last year. To compile its list, the World Bank evaluates the convenience of doing business…