April 1, 2024
Small Company
In Singapore, a Small Company refers to a specific category of company defined by the Accounting and Corporate Regulatory Authority (ACRA) based on certain criteria such as annual…
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April 1, 2024
Sole Proprietor
A Sole Proprietorship is a type of business structure where an individual, known as the sole proprietor, owns and operates the business on their own. Understanding the concept…
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April 1, 2024
Special Employment Credit
The Special Employment Credit (SEC) is a government initiative in Singapore aimed at providing financial support to employers who hire older Singaporean workers and persons with disabilities (PWDs).…
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Sponsored Employment Pass
The Sponsored Employment Pass is designed to facilitate the hiring of foreign professionals with specialized skills and expertise by Singaporean employers. Key points about the Sponsored Employment Pass…
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Striking Off
Striking Off refers to the process of removing a company’s name from the official register maintained by the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. Understanding the…
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March 28, 2024
Trademark
A trademark is a form of intellectual property that identifies and distinguishes goods or services of one business from those of others. Understanding trademarks is essential for businesses…
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Temporary Bridging Loan
A Temporary Bridging Loan (TBL) is a financial assistance program offered by the Singapore government to support businesses facing temporary cash flow constraints or financial difficulties, particularly during…
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Temporary Employment Credit (TEC)
Temporary Employment Credit (TEC) is a government scheme in Singapore aimed at providing financial support to businesses to help offset the costs of hiring older Singaporean workers and…
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UEN
The Unique Entity Number (UEN) is a unique identification number assigned to business entities registered in Singapore. Understanding the UEN system is essential for businesses operating in Singapore…
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March 28, 2024
Unaudited Financial Statement
An unaudited financial statement is a financial report prepared by a company’s management without undergoing external audit scrutiny by independent auditors. Understanding unaudited financial statements is important for…
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