Reading time 9 minutesWhat Is Corppass and How Does It Benefit Businesses in Singapore? To strengthen its position as a global digital hub, Singapore will need a robust and efficient system for businesses to manage their transactions and services with government agencies. Corppass Singapore is one initiative in the city-state’s efforts to help companies streamline their […]
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 6 minutesAre you considering starting a business in Singapore or already running one? Compliance with the country’s business licence regulations is a crucial factor you need for smooth operations. Failing to obtain the necessary licences can have significant consequences for your business. Let’s explore the specifics of business licences and their role in your […]
Reading time 4 minutes With highly regulated financial institutions in Singapore, routine KYC, CFT, and AML checks must be performed by any business engaging in fund services to prevent money laundering, terrorism financing, fraud, and other illicit activities. For those not familiar with or just starting out in this industry, KYC, CFT, and AML are […]
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