by Wilber Suen | Apr 1, 2024 | Glossary
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 concept of striking off is important for businesses considering...
by Wilber Suen | Mar 28, 2024 | Glossary
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 to protect their brands, products, and services from unauthorized use and...
by Wilber Suen | Mar 28, 2024 | Glossary
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 challenging economic periods such as the COVID-19...
by Wilber Suen | Mar 28, 2024 | Glossary
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 re-employing eligible Singaporean workers aged 67 and above. Understanding the...
by Wilber Suen | Mar 28, 2024 | Glossary
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 to facilitate regulatory compliance, business transactions, and...
by Wilber Suen | Mar 28, 2024 | Glossary
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 stakeholders to assess a company’s...
by Wilber Suen | Mar 28, 2024 | Glossary
An undischarged bankrupt refers to an individual who has been declared bankrupt by a court of law but has not yet been released or discharged from their bankruptcy status. Understanding the implications of being an undischarged bankrupt is crucial for individuals,...
by Wilber Suen | Mar 28, 2024 | Glossary
A Variable Capital Company (VCC) is a legal entity structure introduced by the Monetary Authority of Singapore (MAS) in 2019 to facilitate the formation and operation of investment funds in Singapore. Understanding the concept of VCC is essential for fund managers,...
by Wilber Suen | Mar 28, 2024 | Glossary
A Venture Capitalist (VC) is an individual or firm that provides financial capital to startup companies and small businesses with high growth potential in exchange for an equity stake. Understanding the role of venture capitalists is essential for entrepreneurs and...
by Wilber Suen | Mar 28, 2024 | Glossary
The Wage Credit Scheme (WCS) is a government initiative in Singapore aimed at providing financial support to eligible employers to encourage them to invest in employee wages and skills development. Understanding the Wage Credit Scheme is crucial for businesses to...
