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…
Singapore’s Shipping Centre Comes Top in the World Rankings in 2018 For the past four years, Singapore shipping has been considered as one of the best shipping centres in the world, according to a study done by the Baltic Exchange and Xinhua. Once again in 2018, Singapore comes out on top in the rankings, performing…
Government Introduces New Schemes To Assist The Disabled in 2020 From 2020 onward, individuals aged 30 and above who are severely disabled will be able to withdraw cash from their Medisave accounts. This is provided they or their spouse have at least $5,000 in their accounts. The larger the amount in their accounts, the more…
Singapore Combats Money Laundering & Financial Crime with Best Practice Papers To help financial institutions protect against trade-based money laundering, the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) in Singapore released two best practice papers to guard against the misuse of company structures for illicit purposes. The two best practice papers…
All You Need to Know about Europe General Data Protection Regulation (GDPR) and Its Impact to Singapore Companies General Data Protection Regulation (GDPR) is the new data protection law in Europe that came into effect in May 2018. It has reshaped the data protection landscape for businesses across Europe and worldwide. GDPR replaces the Data…
What is CPF and How You Can Withdraw Your CPF in Singapore? The time has come. You’ve reached the age of 55 and are about to withdraw your CPF savings. Wait just a moment though, because before you set out to do that, here’s what you need to understand about withdrawing from your CPF in…