STARTING Starting my business in Singapore Register your business with us here Singapore enjoys a favourable economic environment and offers various grants and attractive financial incentives to businesses. Thus, a large number of multinational companies have chosen Singapore as a regional hub in Asia. Benefiting from a stable political and regulatory, as well as an independent judiciary, the city-state continues every day to attract
Introduction Business that operate in Asia need to consider how best they should be structured to optimise their chances of success. Issues to be considered include the best way to structure the business from an efficient tax point of view, but at the same time taking into account the local practical operational conditions in the region. Successful businesses need to consider their business development
RUNNING Running my business in Singapore Apart from being concerned with the sustainable and profitable corporate’s development, business operators should regularly check and balance the interest of the company, shareholders and stakeholders, especially employees in the long term. Therefore, Management should maintain and promote good corporate governance in the company. The topics related to “Accounting & Reporting Standards”, “Business Taxes”, “Internet and E-commerce”, “Employee
The Amendment bill seeks to introduce major amendments to the Employment Act (EA) and is expected to come into force in April 2019. The changes are clearly geared towards creating a more pro-employee regime in Singapore and will have a very significant impact in the way companies operating in Singapore hire and manage their employees. We set out below a summary of the key
The IRAS will remove the administrative tax concession for Singapore citizens (and Permanent Residents) working overseas which allowed them the choice of being treated as non-resident, from year of assessment 2021. As a result, all Singapore citizens or Permanent Residents working overseas will be regarded as tax resident. The implication is that income from overseas employment will be subject to Singapore income tax when
