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Singapore operates one of the most precisely calibrated labour markets in the world. With a resident population of just under four million and an economy that consistently ranks among the most competitive globally, the country has long relied on foreign workers to sustain growth across its most labour-intensive industries. As of December 2025, more than…
Southeast Asia is one of the fastest-growing regions in the world, and the two countries that constantly grab the attention of investors are Singapore and Indonesia. Each offers something very different – Singapore is a small but powerful financial centre, while Indonesia is a vast and resource-rich country with a booming local market. Let’s look…
Starting and running a company in Singapore used to mean juggling a dozen government websites, paper forms and passwords, one for ACRA, another for CPF, yet another for grant applications. GoBusiness Singapore changes all that. Jointly built by the Ministry of Trade & Industry (MTI), the Smart Nation & Digital Government Office (SNDGO), and GovTech, the portal now weaves more than…
Foreigners can hold 100% ownership of a Singapore company but cannot self-register, requiring engagement of a registered filing agent to submit incorporation documents through ACRA’s BizFile+ portal on their behalf. Four mandatory requirements govern every successful application. At least one locally resident director must be appointed, with nominee director services available through registered corporate service…
In Singapore, companies have the flexibility to choose their own fiscal year end (FYE), thanks to the provisions under the Accounting and Corporate Regulatory Authority (ACRA) and the Companies Act of 1967. This decision, while seemingly administrative, plays a crucial role in shaping a company’s compliance calendar, tax obligations, and financial strategy. Your selected FYE…
Obtaining a Unique Entity Number, or UEN, is a statutory prerequisite in Singapore for businesses and other entities to obtain lawful accreditation and seamless interaction with government agencies. It enables easy tracking of an entity through the official UEN search databases to map its progress and regulatory alignment with the codified obligations. The UEN issuing…
Singapore has long been recognized as a beacon of fiscal stability and entrepreneurial success, offering a conducive environment for local and international businesses to thrive. The unveiling of the Singapore Budget 2025 further strengthens this reputation, focusing on enhancing existing programs and introducing new strategic initiatives aimed at empowering Singapore businesses of all sizes. These…
Singapore’s well-established regulatory and transparent governance system has set the gold standard for business excellence and compliance underpinned by its agency – The Accounting and Corporate Regulatory Authority (ACRA), which regulates business entities, public accountants, and corporate service providers in the state. Therefore, all the business entities in Singapore shall abide by the laws, rules,…