by Wilber Suen | Apr 1, 2024 | Glossary
Stamp duty is a type of tax levied on certain documents, transactions, and instruments in Singapore. Understanding stamp duty is essential for individuals, businesses, and property buyers and sellers to comply with tax regulations and financial planning...
by Wilber Suen | Apr 1, 2024 | Glossary
The Singapore Standard Industrial Classification (SSIC) is a system used by government agencies and organizations in Singapore to classify and categorize businesses and economic activities based on their primary functions and industries. Understanding the SSIC is...
by Wilber Suen | Apr 1, 2024 | Glossary
Seed funding refers to the initial capital investment provided to startups or early-stage companies to support their business idea, product development, and initial operations. Understanding seed funding is essential for entrepreneurs seeking financial support to...
by Wilber Suen | Apr 1, 2024 | Glossary
The S Pass is a type of work pass issued by the Ministry of Manpower (MOM) in Singapore, allowing employers to hire mid-skilled foreign workers for employment in various sectors. Understanding the S Pass is crucial for businesses seeking to employ foreign talent to...
by Wilber Suen | Apr 1, 2024 | Glossary
SingPass, short for Singapore Personal Access, is a digital identity authentication system introduced by the Singapore government to provide secure access to a wide range of government e-services and online transactions. Understanding SingPass is crucial for...
by Wilber Suen | Apr 1, 2024 | Glossary
In the context of corporate governance and business ownership, a share represents a unit of ownership in a company. Understanding shares is essential for investors, shareholders, and business owners to comprehend their rights, responsibilities, and the dynamics of...
by Wilber Suen | Apr 1, 2024 | Glossary
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 revenue, total assets, and employee headcount. Understanding the concept of a Small...
by Wilber Suen | Apr 1, 2024 | Glossary
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 of a sole proprietorship is essential for individuals considering starting a business and...
by Wilber Suen | Apr 1, 2024 | Glossary
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). Understanding the Special Employment Credit scheme is important for...
by Wilber Suen | Apr 1, 2024 | Glossary
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 include: Employer Sponsorship: The Sponsored Employment Pass...
