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Annual Gross Turnover (“AGTO”) The AGTO refers to the annual fair value of the consideration received or receivable for licensable...

Meeting statutory accounting and bookkeeping compliance in today’s highly complex economic and regulatory environment is no easy task....

Overview of Withholding Tax (WHT) Who must withhold and pay WHT A person (known as the payer) who makes certain types of payments (e.g....

Closing a Company You may wish to close the company for various reasons. There are two ways to close a company. One of the options...

In every organization, payroll is an important function and usually makes up the greatest portion of the company’s expenditure. It is a...

The Employment Pass allows foreign professionals, managers and executives with a job offer to work in Singapore. Candidates need to earn...

A public company having a share capital may convert to a private company by lodging with the Registrar - (a) a copy of a special...

The Maritime Sector Incentive (MSI) helps shipping enterprises to grow their businesses in Singapore. The MSI-AIS award seeks to...

TRUST COMPANIES ACT (CAP. 336) (“TCA”) Types of trust business activities regulated under the TCA The TCA is the legislative and...

Business-in-a-Box offers business owners, entrepreneurs, CEOs, and managers business document templates that help increase business...

The Employment Act covers salary payments, deductions and variable wages. Paying salary In accordance to the Employment Act, your...

What is a SPAC SPAC is a "blank cheque" company established to acquire companies. They are made up of individuals with experience and...

Companies that carry out global or regional headquarters (HQ) activities of managing, coordinating and controlling business activities...

What is the role of a nominee director? A person appointed as a director of a company for the purpose of compliance with the requirement...

Commercial Food Imports General Information All commercial food imports that enter Singapore must come from accredited food...

A company must hold a capital markets services (CMS) licence to conduct activities regulated under the Securities and Futures Act....

The EntrePass allows eligible foreign entrepreneurs to start and operate a business in Singapore that is venture-backed or possesses...

Foreign companies can set up operations in Singapore in two different ways: Incorporating a Subsidiary Company Registering a branch of a...

Who Needs to File Financial Statements? Except for exempted companies, all companies incorporated in Singapore (SG) must file financial...

SAFE (simple agreement for future equity) has been used by countless startups as a primary tool for early-stage fundraising. The safe has...