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Singapore Regulatory Update: October 2023

Vadim Krasovskiy October 30, 2023Monthly Newsletter, Business News, Corporate Compliance, Taxation

Singapore continues to be at the forefront of innovation and regulation, demonstrating its commitment to fostering international collaboration, combating technological crimes, and strengthening financial integrity. The regulatory developments in October …

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FinTechLawsTax Rates

Why a Singapore Holding Company is a Good Idea

Vadim Krasovskiy January 18, 2022Business News, Corporate Compliance, Incentives and Grants, Taxation

Entrepreneurs must seek ways to protect their business assets. Over the years a number of strategies have been developed to help them do so. One of the most effective methods …

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Corporate ServicesIncentivesShareholdersStartups

Avoid this founder’s $10 billion mistake, incorporate in Singapore

cs-editor October 25, 2021Business News, Corporate Compliance, Startup News, Taxation

After the death of Samsung Electronics chairman Lee Kun-hee, his family faced a giant tax bill on their inheritance. Mr. Lee’s family expects to pay more than USD$10.8 billion in …

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ComplianceTaxesWhy Singapore

5 common mistakes to avoid while incorporating a Singapore company

cs-editor September 27, 2021Startup News, Business News, Taxation

Singapore is well-known for offering a favorable and welcoming environment to startups. Bolstered by supportive government policies and private funding, Singapore has emerged as Asia’s preferred business hub; its position …

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FundingStartupsTaxesWhy Singapore

Global minimum tax: reforming the international taxation system

cs-editor September 4, 2021Taxation, Accounting, Business News

International tax competition has accelerated with the rise of globalization and is widely regarded as a cause for the downward spiral in the inflows of many governments. World leaders led …

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LawsTax RatesTaxes

As China tightens, businesses begin to flee Hong Kong

cs-editor April 6, 2021Business News

Although Hong Kong continues — officially — to be a special administrative region of China, with a high degree of autonomy and freedom from interference from the mainland government, the …

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ChinaHong Kong

Singapore Launches Patent Fast Track Programme

cs-editor August 12, 2020Business News, Incentives and Grants

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 …

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Corporate ServicesIncentivesLaws

China’s Security Law pushes Hong Kong firms to Singapore

cs-editor August 3, 2020Business News, Immigration and Visas, Living in 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 …

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Hong KongLaws

India ratifies OECD’s MLI – its impact on Singapore-India DTA

Vadim Krasovskiy May 10, 2020India-related, Business News, Taxation

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 …

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India-blogLawsTaxes

Singapore implements a central register of company controllers

Vadim Krasovskiy May 6, 2020Corporate Compliance, Business News

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 …

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ACRAComplianceLaws
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