by Willie Tan | Apr 14, 2024 | Glossary
In Singapore, a Free Trade Zone (FTZ) is a designated area where goods can be imported, stored, processed, and re-exported with minimal customs duties and bureaucratic requirements. FTZs are established to promote international trade, attract foreign investment, and...
by Willie Tan | Apr 13, 2024 | Glossary
Factoring is a financial transaction in which a business sells its accounts receivable (invoices) to a third-party financial company, known as a factor, at a discount. The factor then assumes responsibility for collecting the outstanding invoices from the...
by Willie Tan | Apr 13, 2024 | Glossary
A representative office is a business entity established by foreign companies in a foreign country to conduct non-commercial activities on behalf of the parent company. Representative offices serve as a liaison or extension of the parent company and are typically...
by Willie Tan | Apr 13, 2024 | Glossary
Re-domiciliation is when a corporation or other legal entity transfers its domicile (the jurisdiction in which it is registered or incorporated) from one country to another while maintaining its legal identity and corporate existence. This allows the entity to...
by Willie Tan | Apr 13, 2024 | Glossary
E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the Internet or through electronic channels. It involves the exchange of products, services, or information between businesses, consumers, or governments conducted...
by Willie Tan | Apr 13, 2024 | Glossary
A neobank, also known as a digital bank or challenger bank, is a type of financial institution that operates exclusively online or through mobile apps, without any physical branch locations. Neobanks offer banking services such as savings accounts, checking accounts,...
