Singapore has been consistently ranked among the top best countries to set up a business in for a variety of reasons. A recent report by the World Bank in 2017 listed Singapore as the second easiest country in the world to do business in, coming in just behind New Zealand. Still deciding which country you […]
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The necessity of incorporation can be controversial since it will enable the business to have its legal entity. However, do you want to protect yourself when something unpleasant happens to your company? Then your answer should lean toward a “yes.” But that is not the only benefit. Here are the main necessary reasons for incorporation […]
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Are you getting tired of the 9-5 work schedule? Many of you are probably wondering what you need to do when you start a business from home. Well, it is a lot simpler than it seems! There is an increasing number of people in Singapore are turning to home-based businesses. Here are a few guidelines […]
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Singapore has always been the perfect financial hub for doing business. It was ranked second for the ease of doing business in 2019. As Singapore’s government has a pro-business policy, a lot of foreigners prefer to incorporate in Singapore over many other countries. If you are a foreigner, this is an in-depth guide that will […]
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One of the greatest benefits of having a startup business is an immense opportunity for growth! As a startup, you will quickly check small goals off of your to-do list and constantly be working towards the greater objectives. With so much room for growth, how can you be sure your business is staying on track? […]
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As a startup founder or an entrepreneur, the very last thing you want is getting stuck on that very first step of the journey ie. the incorporation of a legal entity to run your business (in other words, a company). If you are stuck with the countless options out there to incorporate your company, you’re […]
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Fair and Just Process Singapore is one of the safest places to do business. Corruption remains consistently low and the country’s foreign relations with other countries in terms of business and taxation is almost unmatched. Everything from startups to major headquarters thrive in this business atmosphere and feel secure in their investments and that they […]
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What is a Sole Proprietorship Legality The business is not a separate legal entity from the owner. This means that the owner will have to assume responsibility of any failings or debts accumulated by the company. Under the law and public eye, the company and the owner are one entity. Taxes The Inland Revenue Authority […]
read moreBecoming an entrepreneur is one of the most exciting journeys a young professional can take on. In fact, seeing your vision develop into a business is a rewarding accomplishment for aspiring business owners. Finally seeing your own products or service on the market is a milestone that many professionals hope to reach. However, the staircase […]
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To start, Singapore is a free-market economy. This means that good and services are priced based on the willingness of the consumers, not the government. Supply and demand are not intervened at all by the government either. Free Trade When it comes to free trade, Singapore is known as the most open in the world. […]
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