Singapore, a vibrant Asian economy, strategically manages its workforce by balancing local talent and foreign expertise. This equilibrium is maintained through the pivotal Foreign Worker Quota policy, which sets the maximum number of foreign employees a business can hire. This measure helps manage the inflow of foreign workers and ensures ample employment opportunities for Singaporean…
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 300…
To open a company in Singapore is a strategic move that opens the door to one of the world’s most dynamic and business-friendly environments. Transparent regulations, pro-business policies, and world-class infrastructure make setting up a company here quick and easy. This blog, outlines the key advantages and requirements to form a company in Singapore, explores…
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,…
