We are happy to announce the launch of MBiA’s social media! MyBusiness Asia is a provider of corporate and accounting services in Singapore, Hong Kong and other Asian countries. We help you find the best financial solution for your business with quality services at an attractive cost. On these social networks, you will find the lastest informations about MBiA, business news, advice, tips, numbers,
Under Singapore’s Personal Data Protection Act (PDPA), organizations (such as businesses) are required to appoint at least one individual as their Data Protection Officer (DPO) to ensure their compliance with the PDPA. Your business’ DPO can be either an employee or a third-party. However, take note that your business is not exempted from fulfilling its data protection obligations just because you have appointed a DPO for it. This
Stamp Duty is the tax governments place on legal documents. In Singapore, Stamp Duty applies to dutiable documents relating to any immovable property in Singapore as well as any stock or shares. Stamp Duty is levied at the ad valorem rate or at a fixed amount set for each document. To Which Documents Does Stamp Duty Apply? The contract documents and documents subject to
In Singapore, the directors of the company are required to appoint an auditor within 3 months of its incorporation unless it is exempted from audit. Who are the Approved Auditors? The accounting firms or public accountants must be registered and approved by the Accounting and Corporate Regulatory Authority (ACRA) before they can be appointed to audit the company’s financial statements. The auditors are
Businesses are handling more and more personal data as technology advances make this easier each year. In response, government and legislators are continuously issuing new guidance and requirements to keep consumers informed and their data safe. Regulations vary between countries, and it can be challenging to ensure compliance when you operate in multiple jurisdictions. Below we outline some key aspects your company should note
RISK AND CRISIS MANAGEMENT IN THE COVID-19 ERA Companies are facing unprecedented times as the measures being deployed to slow the spread of the novel coronavirus (“COVID-19”) are impacting capital markets, supply chains, and business operations. The uncertainties of the current environment serve as a powerful reminder to the Management of the demand for risk management and crisis planning. WHAT TO DO WHEN
