Welcome to our E-Newsletter September 2017
Singapore’s openness to international trade and investment as well as the transparency in regulatory environment, are among the important factors encourage vibrant business activity, economic resilience and competitiveness of the nation. We can see that Singapore’s economy recorded a better-than-expected growth in the last few months with the manufacturing sector as the key driver in economic growth.
Pakistan Joins 3E International Network
2017 was an exciting year for 3E Accounting Singapore as we continued to grow and innovate. Last month, we were fortunate to welcome a competent partner in our international network: Pakistan, one of the few developing countries that had achieved significant economic growth over the years. Pakistan has made a good addition to our global network, a Singapore-based global network spanning over 50 countries.
The Introduction of New Enhanced Singapore EntrePass
The introduction of Enhanced Singapore Entre Pass that became effect on 3 August 2017 is said to facilitate the entry and retention of foreign talents in starting a business in Singapore. This enhanced scheme will further cement Singapore’s position as a leading startup location with its vibrant tech startup ecosystem.
Other than the existing four innovation criteria that make up the assessment factors, new criteria include entrepreneurial and investment track record, business network and key achievements in their areas of expertise will allow global startup talents to enter Singapore during the business exploration stage. Apart from the aforementioned key enhancement criteria, the removal of the S$50,000 paid-up capital requirement as well as the extension of the validity period of each EntrePass from one to two years, are the new changes of the Enhanced EntraPass. Many believe that the Enhanced EntrePass will enable more foreign investors and startups to venture into Singaporean market easily.
On a final note, we are immensely grateful to our clients who have shown their trust and confidence in us. We never lose sight of the fact that we must earn that trust and confidence every day. On behalf of 3E Accounting, I thank you for your continued support.
Read More in our E-Newsletter September 2017.