The Singapore government has extended its COVID-19 Stabilization Phase till November 24, 2021. With the help of an extended support package of S$640 million, the country’s business ecosystem continues to …
Avoid this founder’s $10 billion mistake, incorporate in Singapore
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 …
Singapore startup and business update: July 2021
The pandemic has inspired numerous persons to become their own bosses and embrace entrepreneurship. The proof of that is the number of new businesses incorporated in Singapore. In just the …
Singapore startup and business update: June 2021
As of June 2021, Singapore’s economy has nearly recovered the output lost during the first six months of 2020, and economic growth in 2021 is predicted to be more than …
Singapore startup activity and business update: January 2021
In this post, we review some recent regulatory updates, the launch of new government services, and annual results of certain state incentives aimed at supporting SMEs. We also describe a …
Q3 2020: Recent regulatory changes in Singapore
Over the past few months, Singapore’s government has launched new e-services, enhanced its pro-business regulations, and launched new business incentives that make it easy to launch and conduct business in …
Minimum Salary for Employment Pass Holders Revised
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 …
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 …
Importance of choosing the right company secretarial firm for your Singapore company
The recent news about a corporate service provider who cheated on KYC checks of banks by hiding the ultimate beneficial owners of companies highlights the severity of the risks in …