Lanturn SG Blog - Glossary Category - Page 2

  Reading time less than a minuteA joint venture agreement refers to the written arrangement / proposal showing the fundamental rights and obligations of the parties involved in a joint venture.  

 

  Reading time less than a minuteThe process of raising capital to support a business venture. The act of seeking and gathering voluntary financial contributions from individuals, businesses, charitable foundations, or governmental agencies  

 

  Reading time less than a minuteThis is the most common type of valid work visa or work pass issued to skilled foreign workers in Singapore issued by the Ministry of Manpower (MOM).  

 

  Reading time less than a minuteThe DRB programme provides qualifying SMEs with payouts of up to $10,000. This was initiated by the government with the aim to boost up the digital capabilities of Singapore’s food service and retail sectors.  

 

  Reading time less than a minuteThis pass is tied to the main pass holder as it was originally designed for Singapore-based family members of an EP (employment pass), S-Pass or Entre-pass holder.  

 

  Reading time less than a minuteA corporate joint venture is a business combination or agreement between two or more entities to assist each other to achieve a specific goal by pooling their resources together. Upon the completion of the project, the agreement is terminated.  

 

  Reading time less than a minuteThe main law governing how businesses in Singapore conduct themselves is the Companies Act (or “CA”). The CA was initially passed in 1967, and in recent years, in 2014 and 2017, it underwent considerable revisions.  

 

  Reading time less than a minuteAn accounting software is a computer programme that assists in the recording and reporting of a business’s financial transactions. It is an automation of the transaction journals manually kept by accountants and bookkeepers in the past, providing ease in audit and preparing financial statements. This software can be used to track a variety […]

 

  Reading time less than a minuteA Virtual Chief Financial Officer is an outsourced service provider that handles finance-related duties of an organization, just like a CFO does for large businesses.  

 

  Reading time less than a minuteVirtual bookkeeping offers the same function and responsibilities of traditional bookkeeping with the services offered to the client remotely through cloud-based accounting software.  

 

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