Global Investor Program (GIP) – visa for wealthy investors

The Global Investor Program (GIP) is a Permanent Residency scheme specially designed for wealthy investors who wish to relocate to Singapore. Under GIP, foreign nationals can acquire a Permanent Residency (PR) status by investing a minimum of S$2.5 million in Singapore-registered companies or GIP funds that in-turn invest in Singapore companies. The Singapore government introduced […]

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Withholding tax and GST in Singapore

Goods and Services Tax (GST) Goods and services tax (GST) is a tax on domestic consumption. GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or […]

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Tax Incentives available to all Singapore companies

When Singapore separated from Malaysia almost 50 years ago, it was a struggling city-state with no natural resources of its own, except its people. Thus, to promote economic growth and development, the leadership of the country decided to open doors and invite foreign investments and international trade. Business-friendly and efficient tax policies were implemented; English […]

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Record-keeping requirements for company meetings

Each company in Singapore needs to keep a record of the proceedings of its shareholders’ and directors’ meetings. These records are kept up as “minutes”. Minutes are a reasonable synopsis of the proceedings of a company’s meeting; they ought to precisely and concisely pass on the result of the exchanges directed by the meeting members. […]

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Quality of life in Singapore

Quality of life is the general well-being of individuals and societies, outlining negative and positive features of life. It observes life satisfaction, including everything from physical health, family, education, employment, wealth, religious beliefs, finance and the environment. If you are an entrepreneur thinking of launching your business in Singapore, these are all important factors to […]

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Taxation of non-resident directors in Singapore

When incorporating a Singapore company, the law mandates the appointment of at least one resident director on the board of the company. Singapore Companies Act mandates that a company must have a resident director on the board of directors of the company, a company can also appoint non-resident directors. A company cannot function on its […]

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What visa can you get as an entrepreneur in Singapore

Many professionals arrive in Singapore on a regular basis for employment and work. There are a few types of different visas available to foreigners who want to stay in Singapore. Depending on the nature of work and purpose, the government of Singapore has framed certain emigration laws aimed at facilitating the stay of such foreign […]

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How to qualify for audit exemption for your Singapore company ?

The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants and corporate service providers in Singapore. ACRA also plays the role of a facilitator for the development of business entities and the public accountancy profession. A private limited company is the most suitable form of business structure in Singapore. […]

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Plan Your New Company

If you are interested to start a company but don’t know exactly where and how should you start, don’t worry – you are not the only one. Considering the new economic reality of our time, more people than ever before have found that the ‘‘job’’ they thought was waiting for them cannot be found as […]

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