Starting a Company
How to Choose the Right Business Structure in Singapore: Sole Proprietorship vs Private Limited
Starting a business in Singapore is exciting, but one of the earliest—and most important—decisions you will make is selecting the right business structure. Your choice influences compliance requirements, tax obligations, liability exposure, and even your ability to...
Decoding Angel Investment in Singapore: A Startup’s Guide
For many high-potential startups, the journey from a brilliant idea to a market-ready business is fueled by a critical injection of capital and expertise. This is where an angel investor often steps in. They are specialist investors who provide the crucial early-stage...
Why a Singapore Holding Company is the Smartest Move for ASEAN Expansion
For decades, Singapore has consistently ranked among the world’s most business-friendly jurisdictions. Entrepreneurs, investors, and multinational corporations all recognise the city-state as a gateway to Asia. Yet, what makes Singapore especially attractive is not...
Navigating the New Era of Corporate Services: Understanding Singapore’s Corporate Service Providers Act 2024
Dear Valued Clients and Prospective Clients, At Raffles Corporate Services Pte Ltd, we are committed to providing you with efficient, reliable, and compliant corporate services in Singapore. As part of our ongoing commitment to transparency and keeping you informed,...
MAS Guidelines for Payment Service Providers Licensing in Singapore
The Monetary Authority of Singapore (MAS) recently published its "Guidelines on Licensing for Payment Service Providers." This crucial document clarifies the rules for businesses operating under the Payment Services Act 2019 (PS Act). Consequently, anyone involved in...
A Closer Look at the Concept of Politically Exposed Persons (PEPs)
Navigating the regulatory landscape is crucial for any business operating in or considering relocating to Singapore. A key aspect of compliance, particularly concerning Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT), involves understanding...
UBO Identification in Singapore: Overcoming Complexities
In Singapore's dynamic business landscape, ensuring transparency and compliance is paramount. A key aspect of this commitment involves accurately identifying the Ultimate Beneficial Owners (UBOs) of companies. UBOs are the natural persons who ultimately own or control...
Singapore Company Incorporation: A Step-by-Step Guide
Singapore is a popular destination for entrepreneurs looking to establish a business in Asia. Its business-friendly environment, strategic location, and robust legal framework make it an attractive choice. This guide provides a comprehensive overview of the Singapore...
Unveiling the Advisory Roles of a Corporate Secretary in Singapore
In the bustling business hub of Singapore, the role of a Corporate Secretary transcends the mere processing of statutory filings. A qualified Corporate Secretary is a strategic powerhouse, offering invaluable advisory services that underpin robust governance and drive...
What is a Company Limited by Guarantee (CLG) in Singapore?
A Company Limited by Guarantee (CLG) is a unique type of company structure in Singapore, primarily used for non-profit organisations. Unlike traditional companies limited by shares, CLGs do not have shareholders. Instead, they have members who guarantee to contribute...
Running a Company
ACRA to replace all residential addresses with alternative “Contact Address”
In a significant move to protect the privacy of business owners, directors, and shareholders, the Accounting and Corporate Regulatory Authority (ACRA) of Singapore is set to implement a new Contact Address regime by the end of 2024. This change comes following the...
The Impact of a Data Leak on Your Company: Risks and Remedies
In today’s digital age, data is one of the company's most valuable assets. Whether it’s customer information, financial records, intellectual property, or operational data, the integrity and confidentiality of this information are paramount to maintaining a company’s...
What are the payments that will attract CPF contributions?
Employers need to be aware of their Central Provident Fund (CPF) contribution obligations across various components of employee remuneration. As a general rule, CPF contributions are mandatory for all cash-based compensation directly related to work performance. This...
MAS Partners with Banks and Tech Firms in Quantum Security Enhancement
The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has entered into a Memorandum of Understanding (MoU) to collaborate on quantum security initiatives. The partnership aims to explore the application of Quantum Key...
Trading Licenses for Commodities in Singapore
The Commodity Trading Sector in Singapore Singapore hosts approximately 300 global trading companies, operating under the International Enterprise Global Traders Program, which includes some of the world's largest commodity groups. Its strategic geographical position...
Overview of Senior Employment Credit (SEC), Enabling Employment Credit (EEC), and CPF Transition Offset (CTO) Programs
Senior Employment Credit (SEC) The SEC program offers wage subsidies to Singapore employers hiring senior Singaporean workers. The aim is to assist businesses in managing the higher costs associated with the increased Retirement and Re-employment Ages. For 2023 to...
What is the difference between Home Office Scheme and Home-Based Business Scheme
Home Office Scheme The Home Office Scheme permits homeowners, registered occupants, or tenants of HDB flats to operate small-scale offices from their residences, following the current usage guidelines. You are allowed to use your flat for administrative business...
How to retrench employees responsibly and fairly
Retrenchment is the termination of permanent employees. This is usually because of redundancy or a reorganisation of the company or business. When we speak of the term retrenchment exercise, we usually refer to it as the termination of a noticeable number of...
Growing a Company
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Taxes and GST
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Bookkeeping
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
News
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.