There are two categories of visas allowing a non-resident to act as a director of a Singapore firm, S Pass and Employment Pass. Both are valid work visas and will enable you to stay during their validity period. The S Pass visa is designed to provide an opportunity for business people to enter and remain
Singapore plays a key role as a business epicenter in Asia and is uniquely positioned in the global economy as a gateway to the rest of the Asia-Pacific region. With its low tax rates, skilled English-speaking workforce, respect for intellectual property rights, and strong business and investment opportunities, this is undoubtedly one of the most
Rapid economic growth attracts investors to China and private entrepreneurs who are ready to develop production and service companies in the country. Those interested in opening new business in China should decide on the field of activity and then on a specific region. At the same time, ensure that the type of activity you are
What is the GST? It is a unique tax registration number for the supply of goods and services in the countries where the GST operates. By the GST regime in force in some countries, all registered taxpayers are combined into one single platform within each country to comply with legislation on goods and services tax.
Company name registration Singapore is one of the promising ways to start a business in Asia. The Republic of Singapore is one of the Four Asian Tiger Countries that have shown very high rates of economic development. The city-state is located in Southeast Asia and borders Malaysia and Indonesia. Among the main advantages of the
Singapore, as a state, was formed relatively recently. Due to the need for large-scale investments, the country’s authorities decided to provide banking services to clients worldwide. Singaporean banks have an extremely high level of confidentiality, security of funds, and quality of services to achieve world-class competitiveness. Over time, the banking sector has developed so much
In the giant Chinese market, you can find many inexpensive and high-quality goods and get inspired by China business ideas. China can be compared to the world’s factory, where virtually everything that can come to mind is produced. The ‘Made in China’ inscription can be found on almost all products in the middle and cheap
Companies will be required from May 1st, 2021 to prepare their XBRL financial statements in accordance with the Accounting and Corporate Regulatory Authority’s practice direction no. 2 of 2020. This will provide a simplified procedure for smaller companies to ensure easier compliance with data elements required to complete XBRL filing. Please feel free to get
Every Singapore company must file within six (6) months from its financial year end, a filing with the Accounting and Corporate Regulatory Authority called the Annual Return. If a company fails to file its Annual Return, then the Singapore Registrar of Companies may strike the Singapore company from the Companies Register meaning it will not
The Accounting and Corporate Regulatory Authority of Singapore have now resumed the online portal for Companies and Limited Liability Partnerships to lodge details of their Registrable Controllers from February 1st, 2021. Generally, a Registrable Controller will be an individual or company who holds 25% or more shares/voting rights in a company or who factually has
On April 9th, 2021, ACRA confirmed that the COVID-19 temporary measures for company meetings would be extended from beyond June 2021. These measures will therefore allow companies to continue to hold and carry out their board/general meetings: By permitting notices and all documents to be tabled at board/general meeting to be provided electronically or by
