Reading time 11 minutesWhat is Withholding Tax and How Does It Work? To understand the intricacies of the Singapore tax regime, it is essential to decode basic terms, one of which is withholding tax. Withholding tax is a crucial concept in Singapore’s tax system, ensuring that non-resident individuals and entities pay taxes on income generated within […]

  Reading time 9 minutesWhat is a UEN Number in Singapore, and Why Is It Important? Businesses operating in Singapore may have encountered the term UEN number several times, but foreign entrepreneurs who plan to incorporate a business in Singapore may be unfamiliar with it. Understanding the meaning of the UEN number is essential when registering for […]

  Reading time less than a minuteUnder the Productivity and Solutions Grant (PSG) initiative from April 2020 to September 2021, SMEs can receive up to 80% in funding support for eligible business costs. This was released by the government of Singapore for the purpose of assisting SMEs looking to digitalise their processes and adopt IT solutions.  

  Reading time 5 minutesMinistry of Manpower Singapore (MOM): A Complete Guide Ranked as the world’s most competitive economy in 2024, Singapore continues to thrive as a top global destination, attracting talents around the world. For anyone navigating Singapore’s professional landscape – whether as an entrepreneur or an individual, understanding Ministry of Manpower (MOM) Singapore is essential. […]

  Reading time 8 minutesInland Revenue Authority of Singapore (IRAS): A Complete Guide The Inland Revenue Authority of Singapore (IRAS) manages the country’s tax system. It is responsible for administering taxes and enterprise disbursement schemes. As a government agent, it provides services in administering, assessing, collecting, and enforcing payment of taxes. Understanding what IRAS Singapore is helps […]

  Reading time less than a minuteThe SkillsFuture Enterprise Credit (SFEC) programme was initiated by the Singaporean government with the goal of developing enterprises and their workforce through credits for upskilling. Under the SFEC eligible SMEs will receive a one-off credit of S$10,000 to cover up to 90% of expenses on qualifying costs.  

  Reading time less than a minuteLimited Liability Partnership (LLP) is a form of partnership where each partner’s liabilities are limited to the amount they invested into the business venture. A LLP is a separate legal entity from its owners.  

  Reading time less than a minuteA mutual fund is a type of financial vehicle that combines shareholder funds to invest in securities such as stocks, bonds, securities, and other assets.  

  Reading time less than a minuteA Micro VC fund is designed just like the traditional VC fund with a smaller fund size. Investments are more on seed stage emerging companies.  

  Reading time less than a minuteA Limited Partnership (LP) is a partnership made up of two or more partners, wherein a general partner oversees and runs the business while bearing unlimited liability for the debt. On the otherhand, limited partners do not partake in managing the business and bearing limited liability up to the amount of […]