Singapore’s Ministry of Manpower has just announced that it has raised the minimum salary that companies based in the country must pay to their foreign professionals and foreign mid-skilled workers …
Proposed Amendments to the Singapore Companies Act
In light of OECD’s enhanced compliance guidelines and changes in technology in January 2018 the Accounting and Corporate Regulatory Authority (ACRA) initiated an extensive review of the country’s corporate laws …
July 2020 roundup of startup activity in Singapore
Singapore is a global hub for business and startups, thanks to pro-business government regulations that promote entrepreneurship and investment. Singapore’s robust intellectual property protection laws allow companies to patent and …
Singapore Launches Patent Fast Track Programme
The procedure for obtaining a patent can often be a long and arduous task. Your application must be researched, published, reviewed, and then examined — these steps that can take …
China’s Security Law pushes Hong Kong firms to Singapore
On May 28, 2020, the National People’s Congress authorised the drafting and enacting of a national security law for Hong Kong. The law came into effect on 30 June, the …
Who will build Singapore’s 5G network – China or the U.S.?
5G cellular networks are poised to become the next technological revolution that will vastly change people’s lives around the world. With their ability to transfer data up to 100 times …
India ratifies OECD’s MLI – its impact on Singapore-India DTA
In November 2016, OECD members finalized the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). MLI targets the implementation …
Singapore implements a central register of company controllers
Several new compliance initiatives were announced by the Chartered Secretaries Institute of Singapore and the Accounting and Corporate Regulatory Authority (ACRA) at two joint sessions in February. These include implementing …
Update on Singapore’s efforts to prevent the spread of COVID-19
Coronavirus in Singapore The rapid spread of the novel coronavirus — Covid-19 — has raised alarm bells all over the world. The first case involving the previously unknown, pneumonia-like Covid-19 …
India Finance Act 2020: Key changes to Indian tax regulations
In the midst of the global coronavirus crisis, India’s Parliament, just before adjourning, passed the Finance Bill 2020 as the Finance Act 2020. The law contains a number of tax-related …