Key Measures for Recruitment and Workforce Resilience in Singapore Budget 2025 Good news for employees, as key initiatives are being introduced in Singapore’s Budget 2025 to support recruitment, workforce resilience, and employee training. These measures are expected to be a game changer, as they aim to help businesses access talent at a lower cost…
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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,…
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The Accounting and Corporate Regulatory Authority (ACRA) is Singapore’s national regulator of business registration, financial reporting, public accountants, and corporate service providers, ensuring that all businesses in the country comply with regulatory requirements. Registering a company in Singapore is a straightforward process, clearly defined by ACRA. It provides an efficient system along with specific guidelines,…
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All eyes were filled with hope as PM Lawrence stood in front of the podium to deliver his Budget Speech of 2025. Just like the dual role that Mr. Lawrence successfully plays as the Prime Minister and Finance Minister of the State, the Singaporeans have been expecting future building while at the same time enhancing…
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Singapore Sits at 9th Ranking Globally in the Future Skills Index Singapore is ranked 9th on the QS World Future Skills Index, which assesses how effectively countries are preparing their workforce to meet the demands of the future global job market. Among the various categories, Singapore secured 9th place in the Skills Fit indicator with…
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21% Rise in Visitors Since 2024 Recorded in Singapore Singapore has welcomed 16.5 million international travellers since 2024, marking a 21% surge from the previous year. This is the highest increase in arrivals since the Covid-19 pandemic. The Singapore Tourism Board (STB) anticipates this positive trend to persist, with estimates of 17 to 18.5 million…
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The Singapore government has shown openness to the foreigners living in the State as Dependent Pass (DP) holders by allowing them to study, work, own shares, and even start their own businesses adding to the state’s economic growth. However, they need to fulfil the basic eligibility criteria of being an unmarried child under 21 years…
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Do you want to incorporate your business in Singapore? Setting up a Subsidiary Company is the best option for you. Businesses that plan to explore the Singapore market often choose to incorporate a subsidiary company that enables them to expand their footprints while taking all the benefits of being a private company. Understanding the concept…
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Workplace Fairness Bill Passed in Singapore: Strengthening Anti-Discrimination Laws Singapore’s Parliament passed the Workplace Fairness Bill on January 8, introducing stronger protections against workplace discrimination. The bill received unanimous support from Members of Parliament (MPs) and aims to reduce biases related to age, nationality, race, gender, and other factors in employment decisions Balanced Approach…
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Right after incorporating your local company in Singapore, you need to decide on many things, such as appointing a Company Secretary, obtaining licenses, tax registrations, etc. Finalizing the Company’s Accounting Period is one such important aspect that impacts your Company’s compliance requirements, tax reporting deadlines, and financial planning strategies. Whether you are an entrepreneur establishing…
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Singapore Claims Top Spot as the World’s Most Innovative Country in 2024 Singapore has earned the title of the world’s most innovative country, surpassing the United States in the latest Global Innovation Scorecard. This biennial ranking, compiled by the Consumer Technology Association (CTA), evaluates 74 countries and the European Union based on factors like…
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Understanding UEN: Does Your Business Require One? Well-known for its business-friendly ecosystem, Singapore also has a well-established and aligned regulatory framework for businesses. Its centralisation approach has integrated almost all the processes across various domains, such as its regulatory framework, digital business and other platforms and databases. Officially rolled out in 2009 by Accounting and…
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