Reading time 18 minutesThe Basics of Fund Management: Explained As a leading financial hub in the Asia-Pacific region, Singapore’s favourable tax regime, excellent infrastructure, and stable political and economic environment make it attractive for businesses to engage in fund management activities. However, not everyone has the time or inclination to go through the process. This is […]
Reading time 17 minutesBetween 2020 and 2022, Singapore’s startup economy was valued at S$178 billion. In the second quarter of 2023, it attracted US$658 million in tech investment. Furthermore, Singapore was ranked 8th in the Global Startup Ecosystem Report 2023, solidifying its status as the region’s tech innovation hub and top investment destination in 2023. Given […]
Reading time 11 minutesThe Role of a Company Secretary in Company According to the Companies Act, appointing a corporate secretary is mandatory for all registered companies in Singapore within six months of incorporation to maintain legal requirements. They play a crucial role in corporate governance, managing administrative tasks and ensuring the company complies with the statutory […]
Reading time 7 minutesIn 2014, Singapore adopted the Foreign Account Tax Compliance Act (FATCA) regime after signing a Model 1 Intergovernmental Agreement (IGA) with the United States (U.S.) to help Singapore-based FIs (SGFIs) manage their FATCA compliance burden. Under the IGA, SGFIs will benefit from simplified compliance procedures for reporting the financial information of U.S. persons […]
Reading time 13 minutes In Collaboration with Veremark Singapore’s thriving economy attracts numerous international professionals annually. Positioned as the financial hub of Asia, Singapore has successfully navigated through the challenges of the global financial crisis and the COVID-19 pandemic, elevating its status as a preferred destination for living, working, and conducting business. Regarded as an attractive […]
Reading time 9 minutes Another change has come in Singapore’s fiscal landscape with the upcoming implementation of the 2024 Goods and Services Tax (GST) rate change. Let us dive into the intricacies of this impending adjustment, shedding light on the origins and implications of the Singapore GST rate change set to take effect in the coming […]
Reading time 10 minutes A recession is a period of economic decline characterised by high unemployment and a downward trend in business profitability. This phenomenon makes it difficult for businesses to make money and even more difficult for investors to invest — but there are ways for companies to make the most out of the situation. […]
Reading time 10 minutesAs businesses and investors expand, cross-border taxation knowledge becomes more integral in pursuit of global financial growth. With different tax laws in every country, businesses need to understand the taxation policies to ensure compliance and avoid any legal implications. For most investors, diversifying your portfolio across borders can yield substantial rewards. However, as […]
Reading time 4 minutesIn the past year or so, the term ‘equity and social justice’ has become mainstream due in part to the Black Lives Matter protests. What started because of the death of George Floyd under police custody, had a ripple effect on all aspects of life, including equity in the workplace. Companies and institutions are responding […]
Reading time 12 minutesStarting a business in Singapore can be an exciting and challenging experience. With its thriving economy, low tax rates and pro-business environment, the city-state is considered a popular destination for entrepreneurs and investors. However, setting up a company in Singapore also requires careful planning and preparation, as it can be a complex process with many […]
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