Starting a Company

What does a Singapore Company Secretary do?

What does a Singapore Company Secretary do?

A Singapore company secretary is essential in ensuring that the company complies with all regulatory compliance. The company secretary is responsible for duties like maintaining records and statutory registers and administering board meetings and shareholder meetings....

Things to do Post-Incorporation

Things to do Post-Incorporation

There are things which the company must work on post-incorporation. These are the items that a typical company needs to take note of: Opening of a corporate bank account Depositing the paid-up capital into the corporate bank account Application of licences Setting up...

How to open a bank account for foreigners

How to open a bank account for foreigners

The simple answer as to whether foreigners can open a Singapore bank account is yes. However, the foreigner will need to be eligible to open a Singapore bank account. If these eligibility criteria are met, then there is no reason why the foreigner will not be allowed...

Running a Company

Growing a Company

Budgeting for your business

Budgeting for your business

Budgeting serves as a pivotal element in a company’s financial strategy, setting financial objectives and monitoring progress towards these goals. It plays a crucial role in managing finances by guiding resource distribution, pinpointing potential risks and...

Forecasting for your business

Forecasting for your business

Forecasting leverages historical data and analytical assumptions to project future financial outcomes, serving as a pivotal tool for strategic decision-making. Through the extrapolation of past financial trends, forecasting offers a comprehensive view of anticipated...

Taxes and GST

Basics of shares transfer and its stamp duty treatment

Basics of shares transfer and its stamp duty treatment

Dutiable documents for share transfers encompass both physical and electronic formats:   Share Transfer Contracts and Instruments These documents, executed upon share acquisition, incur Stamp Duty based on the higher of the actual price or net asset value....

GST Rules for Advertising Sector

GST Rules for Advertising Sector

We have recently shared with our client the GST treatment for advertising services provided by their Singapore entity. They are unclear as some of their services are provided locally as well as overseas to customers at various locations. To understand the various...

What is a Tax Identification Number (TIN) in Singapore?

What is a Tax Identification Number (TIN) in Singapore?

In Singapore, a Tax Identification Number (TIN) is a critical element for managing tax obligations and facilitating financial dealings, existing in various forms for individuals (either Tax Reference Number (TRN), National Registration Identity Card (NRIC) or Foreign...

Bookkeeping

All about XBRL Filing in Singapore

All about XBRL Filing in Singapore

Mastering the intricacies of financial reporting, particularly eXtensible Business Reporting Language (XBRL) filing in Singapore, presents a formidable challenge. This blog aims to demystify XBRL filing, offering a comprehensive overview encompassing its significance,...

News

Navigating the Cookieless Future: A Guide for Marketers

Navigating the Cookieless Future: A Guide for Marketers

Marketers love data. Without it, they can’t answer critical questions like whether the right audience is seeing their ads if campaigns are delivering returns, or which audience segments respond best to specific messages. Historically, marketers have relied heavily on...

New Bill Introduces Amendments to AML/CFT Regime

New Bill Introduces Amendments to AML/CFT Regime

On 2 July 2024, the Anti-Money Laundering and Other Matters Bill (“Bill”) was introduced for its first reading in Parliament. The Bill aims to: Enhance the ability of law enforcement agencies (LEAs) to pursue and prosecute money laundering (ML) offences. Clarify and...