by admin | Apr 12, 2024 | Glossary
The Venture For Good Grant (VFG) is an initiative by the Singaporean government aimed at supporting social enterprises and startups that have a positive impact on society and the environment. Understanding the Venture For Good Grant is crucial for social entrepreneurs...
by admin | Apr 12, 2024 | Glossary
A Tax Identification Number (TIN) is a unique identifier assigned to individuals or entities for tax purposes by tax authorities in Singapore and other jurisdictions. Understanding the concept of TIN is essential for taxpayers, businesses, and individuals to comply...
by admin | Apr 12, 2024 | Glossary
Tag Along is a provision commonly found in shareholder agreements or company bylaws that protects minority shareholders’ interests in the event of a sale of a significant stake in the company. Understanding the concept of Tag Along is essential for shareholders,...
by Willie Tan | Apr 11, 2024 | Glossary
A Permanent Resident (PR) is an individual who has been granted the right to reside indefinitely in a country where they are not a citizen but hold the status of a legal resident. Permanent residency status typically affords individuals many of the same rights and...
by Willie Tan | Apr 11, 2024 | Glossary
Payroll refers to calculating and disbursing payments to employees of a company or organisation for the work they have performed during a specific period, typically regularly such as weekly, bi-weekly, or monthly. It encompasses various tasks related to employee...
by Willie Tan | Apr 11, 2024 | Glossary
PayNow is a peer-to-peer funds transfer service in Singapore that enables users to send and receive money instantly using their mobile phone numbers or National Registration Identity Card (NRIC) numbers. It was launched by the Association of Banks in Singapore (ABS)...
by Willie Tan | Apr 11, 2024 | Glossary
A Partnership Agreement in Singapore is a legally binding document that outlines the rights, responsibilities, and obligations of the partners in a partnership. It serves as a contract between the partners and helps establish the framework for how the partnership will...
by Willie Tan | Apr 11, 2024 | Glossary
In Singapore, a partnership is a business structure where two or more individuals (partners) come together to carry on a business to profit. There are two main types of partnerships in Singapore: General Partnership (GP): In a general partnership, the partners manage...
by Willie Tan | Apr 11, 2024 | Glossary
Paid-up capital, also known as paid-in capital or contributed capital, refers to the portion of a company’s equity that has been paid for by investors in exchange for shares of stock. It represents the actual funds received by a company from its shareholders in...
by Willie Tan | Apr 11, 2024 | Glossary
An offshore company is a legal entity incorporated or registered in a jurisdiction outside of the company owners’ home country. These jurisdictions, commonly known as offshore financial centres, offer favourable regulatory and tax environments for businesses....
