Business Compendium

Business Compendium

Welcome to Business Compendium, your ultimate resource for commonly used business and corporate terms in Singapore. This is your one-stop destination to unravel an expanse of terminologies and jargons, spanning across diverse fields and industries. Carefully curated, our resource provides an easy-to-use A to Z format that helps you quickly find everything you need. From terminology pertaining to financial structures and business models to corporate lingo and regulatory phrases, everything’s covered under one, intuitive platform. Whether you’re a seasoned entrepreneur, an aspiring business professional, or a curious bystander, this Business Compendium will certainly help you understand the language of Singapore’s thriving business panorama.

A

Apostille

Audited Financial Statement

B

BizFile

Business Grants Portal (BGP)

Business Profile

Business Visa for Singapore

C

Central Provident Fund (CPF)

Certificate of Residence (COR)

Common Reporting Standard (CRS)

Common Seal

Company Stamp

CorpPass

Company Constitution

Company Secretary

D

Dependant’s Pass (DP)

Directors’ Resolution in Writing (DRIW)

Dividend

Dormant Company

Directors’ Resolution in Writing (DRIW)

Due Diligence

Double Taxation Agreement (DTA)

E

Electronic Register of Members (eROM)

Employment Pass (EP)

Enterprise Development Grant (EDG)

EntrePass

Exempt Private Company (EPC)

eXtensible Business Reporting Language (XBRL)

Estimated Chargeable Income (ECI)

F

Financial Year End (FYE)

Form 45

Form C-S/C

Form C-S (Lite)

Fund Accounting

G

General Partnership

Good and Services Tax (GST)

GovTech

H

Hedge Fund

I

Intellectual Property Office of Singapore (IPOS)

Interim Dividend

IR21 Form

IR8A Form

Initial Public Offering (IPO)

Inland Revenue Authority of Singapore (IRAS)

Import/Export License

Income Tax

J

Job Growth Incentive (JGI)

Job Support Scheme (JSS)

K

Knowledge Capital

L

Letter of Consent (LOC)

Limited Liability Company (LLC)

Limited Liability Partnership (LLP)

Limited Partnership (LP)

Long Term Visit Pass (LTVP)

Liquidation (Voluntary)

Liquidation (Court Order/Compulsory)

M

Ministry of Trade and Industry (MTI)

Ministry of Manpower (MOM)

N

National Registration Identity Card (NIRC)

Nominee Director

Nominee Shareholder

Notice of Assessment (NOA)

O

Ordinary Resolution

P

Partnership

Permanent Resident (PR)

Personal Data Protection Act (PDPA)

Personalised Employment Pass (PEP)

Private Limited Company

Productivity Solution Grant (PSG)

Q

Quickbook Accounting

R

Register of Charges

Register of Nominee Directors

Register of Registrable Controllers (RORC)

Registered Office Address

S

S Pass

Share

Singapore’s Companies Act (Chapter 50)

SingPass

Special Employment Credit

Special Resolution

Small Company

Sole Proprietor

Small and Medium-sized Enterprises (SMEs)

Sponsored Employment Pass

Striking Off

T

Temporary Bridging Loan

Temporary Employment Credit (TEC)

Trademark

U

Unaudited Financial Statement

Undischarged Bankrupt

Unique Entity Number (UEN)

V

Variable Capital Company (VCC)

Venture Capitalist (VC)

W

Wage Credit Scheme

Withholding Tax (Section 45)

X

Xero

Y

Year of Assessment (YA)

Z

Zero-Rated Supplies

Zero-rised Financial Statement