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What Can Consumers Expect After the Formation of Malaysia SST? It was in May this year that the Ministry of Finance in Malaysia declared the abolishment of the GST or the Goods and Services Tax. The government introduced the Malaysia SST or the Sales and Services Tax in its place. The nation’s tax system underwent…
We Explain the Entire Process to Start a Business in Singapore It is a known fact that Singapore is one of the important economic powerhouses in both Asia and the world. Despite its small size, the city-state’s robust economy makes it easy for local and international businesses to make their mark. As the Singaporean economy…
Singapore Government Aiming to Make the City-State a Cashless Society By 2025 The days of paying with cash are slowly fading into the sunset. Singapore, one of the most influential economic powerhouses in Asia, is moving to a cashless society. According to Ong Ye Kung, the Education minister of Singapore, who is also a board…
Business Ideas to Start in Singapore this Year: Which Business Is Good for You? Many dream of owning and running their own business, but not everyone takes that leap of faith. This is especially because of the fear and uncertainty of not knowing which business is good to start. That, along with other factors such…
Advantages of Setup of a Singapore Holding Companies for USA and Other Ventures When it comes to outbound investments, there is no other place in the world like Singapore. It is by far the most preferred jurisdiction for investors who are keen to set up a holding company in Singapore or companies in Singapore. …
Foreigners in Singapore Can Now Use CorpPass Through the CorpPass 2FA Application Here is good news for foreigners currently residing in Singapore. Even if you don’t have a SingPass, you will now be able to access and use CorpPass through the CorpPass 2FA mobile application. Owned by the Ministry of Finance and managed by the…
Raising Concerns: Employers in Singapore Mis-Labeling their Staff to Avoid OT Payments Employers in Singapore apparently escaped paying their employees entitlements like OT payments after they allegedly classified them as managers or executives. According to the Ministry of Manpower, there were about 50 such cases last year. Among them, 90 percent of victims had the…
GigaCover Brings the First Insurance Protection for Freelancers in Singapore Here is good news for those into freelancing. Insurance protection for freelancers has been introduced in Singapore. To help freelancers mitigate the loss of income during a period of prolonged illness, GigaCover brought the first standalone freelancer insurance product in June. With this new scheme,…
4 Ways You Can Sell Your Business in Singapore for the Best Price The fact that you are selling your business is a huge decision. Your business is something you have built up from the bottom- up. It is something that you’ve put your hard work and soul into. Now that the time has come…
A Step-By-Step Guide to Buying an Existing Business in Singapore If you’re looking for an alternative to starting a business in Singapore, one good option would be buying an existing one so you wouldn’t have to start it from scratch. How do you buy a new business in Singapore? The first step would be…
Follow These Steps for Starting Your Own Business in Singapore Easily The business world is a risky one. One wrong decision is all it takes to bring down everything you have worked for. Well, we are not scaring you. What we mean is that you should start your business in Singapore on the right foot…
Monetary Authority of Singapore (MAS) Speeding up its Fight Against Money Laundering and Terrorism The Monetary Authority of Singapore (MAS) says regulators in Singapore are looking to increase the measures in place currently targeted at fighting financial crime. Money Laundering and terrorism financing have been a huge concern these days. MAS plans to make these…