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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Fair and Just Process Singapore is one of the safest places to do business. Corruption remains low consistently and their 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 are […]
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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. […]
read moreSetting up a private limited company in Singapore is an excellent option for the startups and small business owners. It provides them with limited personal liability, credible brand image, ability to raise funds for future expansions, access to tax exemption schemes, etc. And, a Pte Ltd, unlike a proprietorship or partnership, has perpetual existence.
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All set and ready to go? The next step would be to make it all official by incorporating your business and turn it into a legal entity! But you may have a question in mind. Why should I incorporate my business? Why can’t I continue doing business without incorporating it? Well, in this article, we […]
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