Company registration in Singapore is fast and easy. This guide will help you understand the requirements and processes involved in setting up a business in The Lion City. Why Register a Company in Singapore? Singapore’s pro-business environment makes it attractive for both local residents and foreigners to set-up their company--whether [...]
Looking to start a business? Here is a quick guide on the process of company formation in Singapore. To start with, perhaps it is best to understand exactly what the definition of incorporation is. Investopedia defines incorporation as “the legal process used to form a corporate entity or company”. The [...]
A business cannot be registered in perpetuity. It is registered for a fixed period of time, following which, it becomes necessary to apply for a renewal of your business registration as enforced by ACRA. This guide is intended to introduce you to the process of renewing your business license, along [...]
Singapore houses some of the world’s top companies across all industries, thanks to its strategic location in Southeast Asia. The country offers a wide range of products and services that includes banking, risk management, and insurance broking, to mention a few. This article lists the top five reasons why [...]
Thanks to the country’s business-friendly economy, company incorporation is relatively inexpensive and uncomplicated. This article seeks to provide start-up business owners with an insight into ACRA’s compliance fees, including both pre- and post-incorporation costs. Company Incorporation Fees in Singapore The Accounting and Corporate Regulatory Authority (ACRA) charges a total [...]
Singapore’s surging economy makes it a top choice for foreigners who want to establish a company in the city-state. With its highly urbanised setting, strong industry, and vigorous investment condition, foreigners are convinced to invest in the country. In this article, we discuss some important details on how to [...]
Setting up a company in Singapore takes a lot of effort. Not only is a business owner expected to register the company with the authorities, obtain the relevant licenses and permits, register for the Goods and Services Tax (GST), but also to ensure compliance with local and tax regulations, [...]
Secretarial services play an important role in the corporate world. They are provided by experienced and adept individuals that act as the company’s supporting structure. Both small and large businesses seek their aid in performing duties that range from administrative to legal functions. A corporate secretarial service can help [...]
If you need a quick answer: Yes, you need to register your online business in Singapore. As indicated in Section 5 of Business Names Registration Act or BNRA, all types of businesses—with a few exceptions—must register with the Accounting and Corporate Regulatory Authority (ACRA). According to ACRA, if you [...]
The government requires every company to lawfully comply with its responsibilities including accounting, bookkeeping and maintaining tax statutory requirements. Failure to do so may result in fines and penalties as mandated by law. And for some companies, outsourcing accounting and bookkeeping services in Singapore is the go-to. Employing such [...]
