Singapore

Getting corporate governance right in Asia isn’t just about good intentions—it’s about having the right legal foundations. Knowing the difference between shareholder agreements and company constitutions is key to protecting rights, ensuring compliance, and keeping your business stable.

It’s essential to ensure you meet the eligibility criteria for an Employment Pass (EP). Our EP Eligibility Calculator simplifies this process, giving you a quick and accurate way to determine if you qualify.

In Singapore, choosing a suitable Financial Year End (FYE) or Fiscal Year End is essential for companies to align with their operational and reporting requirements effectively.

If you are a foreigner looking to start a company in Singapore, it is essential to know that a key requirement is appointing a Nominee Director to comply with local laws. This article will explain what a Nominee Director is, their responsibilities, who qualifies for the role, how to appoint one, and the potential risks involved. What is a Nominee Director Under Singapore’s Company Act, every company incorporated in Singapore must have at least “one local resident director on its company’s board at all times” for compliance purposes. These directors are responsible for overseeing and ensuring that companies established by...

In Singapore, company officers such as directors, shareholders, and secretaries are required by ACRA (Accounting and Corporate Regulatory Authority) to submit a residential address for compliance. This address has traditionally been made public, but due to privacy concerns, ACRA now offers an alternative — the Contact Address (also known as an Alternate Address). This guide explains what a Contact Address is, how it differs from a Personal Address, why it is important, and how to update your company’s records.  Overview: What is a Contact Address in Singapore? A Contact Address (or Alternate Address) is a publicly available address that company...

Singapore is well-known for its pro-business environment, offering a range of tax benefits designed to attract entrepreneurs and companies from around the world

Choosing the right company name is a crucial first step when starting a company in Singapore. It’s essential to ensure that the name you select is unique and complies with the requirements of the Accounting and Corporate Regulatory Authority (ACRA). This article will guide you through the process of checking the availability of your desired company name and outline important considerations when doing so. Overview: The Importance of Company Name Checks in Singapore Before you register your business in Singapore, it’s critical to verify that your preferred company name is available and compliant with ACRA regulations. Choosing the right name...

It is crucial that changing the company name in Singapore should resonate with your business objectives and offerings.

Our following in-depth guide provides a simplified approach that navigate the incorporation in Singapore with confidence.

To stay on track with regulations and keep things running smoothly, there are key compliance deadlines all corporations need to be aware of.

Enterprise Singapore's main objective is to help enterprises enhance their capabilities to be more competitive and eventually expand abroad, encouraging them to adopt the latest technology and developing strong leadership to correctly drive their growth.

AI requires training through Personal Data. Singapore's PDPC has proposed some guidelines to facilitate while securing the use of Data in AI. The guidelines explicitely states roles and responsibilities of the companies and organisations wishing to use personal data for AI purposes.

In this article, we will cover: Singapore has recently amended its Income Tax act by introducing the new Section 10L on gains from Sale of foreign assets effective from January 1, 2024. The purpose of this new section is to bring Singapore’s tax regime in line with international anti-tax avoidance norms and to encourage substantial economic activities to be anchored in Singapore.  Indeed, this section subjects gains or losses arising from the sale or disposal of any movable or immovable property situated outside Singapore, referred to as a “foreign asset,” to taxation in Singapore.  Prior 2024, gains from the sale...

In this article, we will cover: In his address on February 16th, Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, unveiled the Singapore Budget Statement for the Financial Year 2024, providing crucial insights for businesses. Acknowledging the challenges of the preceding year marked by global economic uncertainty, Minister Wong emphasized Singapore’s resilience amid subdued global growth, with the economy expanding by a modest 1.1%. Against this backdrop, the budget outlined strategic measures aimed at bolstering businesses and fostering economic growth within Singapore. The measures impacting companies have been split into 2 categories, below is a clear and simple...

In the rapidly evolving landscape of e-commerce, navigating tax regulations is paramount for businesses striving for success in Singapore’s burgeoning digital economy. As the Asia-Pacific region continues to witness exponential growth in online transactions, understanding the intricacies of Singapore’s e-commerce tax landscape is essential for businesses to remain compliant and competitive. In this comprehensive analysis, MBiA delves into the complexities of Singapore’s e-commerce tax regulations, providing businesses with invaluable insights to navigate the regulatory landscape effectively. Introduction: The Rise of E-commerce in Singapore With the proliferation of digital platforms and the increasing adoption of online shopping, Singapore has emerged as...

In the bustling economic landscape of Singapore, where businesses thrive amidst fierce competition, understanding the intricacies of an income statement is paramount. As a vital financial tool, the income statement offers a window into a company’s financial performance, shedding light on revenue generation, cost structures, and profitability metrics. At MBiA, we unravel the complexities of Singapore’s income statement, offering businesses a comprehensive guide tailored to their needs in the dynamic Singaporean market. Our expert analysis combines industry knowledge with cutting-edge data analytics, providing actionable insights that drive strategic decision-making and foster sustainable growth. In this article, we will cover: Key...