Goods and Services Tax (GST) in Singapore is an indirect tax, and it is similar to Value Added Tax (VAT) in many other countries. It was first enforced in 1994 in Singapore under the GST Act (it has been modeled on the UK VAT legislation and New Zealand GST legislation). The Singapore tax authority i.e….
Singapore boasts of a vibrant start-up ecosystem that serves as a breeding ground for entrepreneurship. It is a dream destination for enthusiasts who want to make their business presence known in the international market. Every year, the city-state witnesses a massive influx of entrepreneurs who indulge in company registration Singapore to set up their businesses….
It is no more a hidden fact that the Singapore is known to be a favorite business destination for global entrepreneurs. From last few decades, the Republic has been attracting a massive number of foreigners to incorporate a company in Singapore. Just like foreigners, local Singaporeans are also showing overwhelming response when it comes to…
Singapore has been crowned the easiest place in the world for doing business. This reputation is likely to attract a huge pool of entrepreneurs across the globe to set up a company in Singapore. Over the years, the city-state has built an image as liberal, business-friendly hub that serves as an entry point to the…
Singapore often called as “Business Paradise,” is known for its business-friendly attitude and highly revered by the global entrepreneurs for its openness towards foreign companies and talents. If you are ready to take your foreign-based business to the next level of success, then, establish a branch office in the most sought after destination of Southeast…
Every entrepreneur must have a checklist to work with. It shows the right path and ensures success for the business. Entrepreneurs, more often than not, have an insatiable desire to see their business success. It drives them to put every possible effort, hard word and passion into shaping up their business. “Success” is the only…
Updating accounting books could be as tedious as to plan tax. But, if you do not keep clean accounting records, the task of calculating taxes could be a nightmare. For this, you need a proper accounting system in place; it would enable you to tweak your budget as often as you require to keep the…
Company registration in Singapore encompasses a few steps- one of these steps is to decide the right business structure. It is a critical decision since this choice can impact your tax liability, compliance matters and paperwork loads. So, make sure to pick the best entity for your new venture. Many new entrepreneurs opt to register…
Whether the business owners like it or not they, as per the Company Law of Singapore, have to engage services of at least one company secretary. The mandate is part and parcel of company incorporation in Singapore. And they have to oblige within the 6 months of their company’s establishment. These professionals look after the…
Singapore is one of the promising economies in the world that facilitates a vibrant business ecosystem to global entrepreneurs. The Republic is acknowledged for its prestigious World Bank accolades and awards across the diverse areas in the business domain. Perched at the junction of East and West region, it serves as a meeting point for…
Do the businesses really need to hire accounting services Singapore to look after their statutory compliance? The incorporated companies in Singapore exist as the legal persons. They, like naturally born persons, cannot talk, but, they have their own language to communicate the important events of their daily activities. They exchange information in the language of…
You must have some solid ideas on how to implement your customer service even before opting for a company registration Singapore. You have a reason to do so. We all have a few good or bad experiences to share about the customer care. Is it not? If you are a proud owner of a…
No wonder Singapore is renowned for its pro-business environment, progressive tax structure, state-of-the-art infrastructure, strong intellectual property rights, skilled workforce and fairly flexible immigration policies. The prestigious Work Bank report has ranked Singapore first position in the world for ease of doing business for ten consecutive years. The Republic has long been considered as a…
Starting a new company is not an easy feat, and anyone venturing into the realm of start-up business will undoubtedly encounter some challenges. However, the scenario is quite different in Singapore. The Republic offers a pro-business environment that is conducive even for the new entrants. It has a prominent start-up ecosystem that attracts a huge…
Starting businesses has a management aspect and a legal one too. For the most part, new businesses avoid delving deep into into government mandates and regulatory compliance. Its both time and cost intensive. Although, in case of setting up business overseas you might have little choice in the matter. Being said that, it doesn’t have…
Accounting reconciliation is essential for every business as it helps you identify and fix any unusual transactions that might be caused by any accounting errors or fraudulent charges. It is a practice to compare monthly transactions of your company’s financial accounts with monthly statements of the bank accounts or credit cards. Simply put, Singapore monthly…
Startups looking for ecosystems with lower costs of living and more opportunities often find overseas Asian markets as a more viable option. Starting a business in Singapore may create a lot of difference as many industry watchers have noted that the operating conditions for business in this South East Asian nation are prime. SBS Consulting specializes…
