The Enterprise Innovation Scheme (EIS)
As outlined in the 2023 Budget announcement, with the aim of fostering the participation of businesses in research and development (R&D), innovation, and capability enhancement initiatives, the Deputy Prime Minister and Minister for Finance have unveiled plans to introduce…
Dormant company: What you need to do
When your Singapore company is dormant, meaning it has no significant accounting transactions during the financial year, there are several things you should do to comply with the regulations set by the Accounting and Corporate Regulatory Authority (ACRA): Submit annual returns…
Setting up a Family Office in Singapore
What is a Family Office? A family office is a private wealth management advisory firm that serves wealthy families and individuals. Its primary objective is to manage the financial and personal affairs of high-net-worth individuals (HNWIs) and their families. A family office…
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Changes To Employment Pass and S Pass Requirements in Singapore [2022]
The Singapore Government has recently announced a slew of changes to the pass requirements for foreigners applying to work in Singapore under Employment Pass and S Pass. These impending tightening measures will force Singapore businesses to review their foreign hiring…
Is a Neobank the Right Option for Your Corporate Bank Account?
A Neobank is a new type of bank that doesn’t have branches, ATMs, or physical locations. They are primarily online-based and many Neobanks offer mobile banking apps as well. So should you open your corporate bank account with one? That all depends on what your needs are for your…
Why Move Your Company to Singapore?
Moving your company and its business operations to Singapore can be beneficial for a number of reasons. Singapore is one of the top destinations for business, ranking 2nd amongst 190 economies on the World Bank's Ease of Doing Business Index. This index measures reforms in 10…
7 Tips for Personal Data Protection
Personal data protection is a hot topic right now. With the recent Facebook scandal, many people are starting to ask themselves how they can protect their personal information from being sold without their knowledge. Here, we will discuss 7 tips for businesses that want to…
When The Company Goes Insolvent, What Can You Do As A Creditor?
As a creditor of a company that cannot pay its debt on time, or it probably has already become insolvent, the biggest question is 'what can I do to recover my money? This article helps to answer the question of when the company goes insolvent, what can you do as a creditor? The…
Rental Support Scheme 2021: Support for Businesses with Rental Cost During Phase 2
As announced, the government will provide Rental Support Scheme (RSS) support to help businesses offset their rental cost during the two Phase 2 heightened alert periods. This cash support will be paid directly to qualifying tenants and owner-occupiers. Who Qualifies for The…
Additional 40% Wage Subsidy For Businesses
Due to the increased rate of Covid-19 infection, dine-in will be disallowed at all food establishments. This will be in effect from 16th May 2021 till 13th June 2021. In view of the impact on F&B businesses, there will be an increment of the wage subsidy via the current Jobs…