April 14, 2024
Joint Venture
A joint venture (JV) is a business arrangement in which two or more parties collaborate to pool their resources, expertise, and capital to undertake a specific project or…
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April 14, 2024
Form M
In Singapore, Form M refers to the “Income Tax Return for a Non-Resident Individual” or “Form M”. This form is used by individuals who are not considered tax…
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Urban Redevelopment Authority (URA)
The Urban Redevelopment Authority (URA) is Singapore’s national urban planning and development authority. Established in 1974, the URA is responsible for planning and regulating land use, urban development,…
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Will
A will is a legal document that outlines a person’s wishes regarding the distribution of their assets and the management of their affairs after death. A will allows…
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Trust
A trust is a legal arrangement in which one party, known as the settlor or grantor, transfers ownership of assets to another party, known as the trustee, to…
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April 14, 2024
Tax-deductible
A tax-deductible expense refers to a cost that can be subtracted from a taxpayer’s gross income when calculating their taxable income, thereby reducing the amount of income subject…
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Virtual Office
A virtual office is a service that provides businesses with a registered office address and administrative support without physical office space. In Singapore, companies commonly use virtual offices…
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April 14, 2024
Free Trade Zone
In Singapore, a Free Trade Zone (FTZ) is a designated area where goods can be imported, stored, processed, and re-exported with minimal customs duties and bureaucratic requirements. FTZs…
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Factoring
Factoring is a financial transaction in which a business sells its accounts receivable (invoices) to a third-party financial company, known as a factor, at a discount. The factor…
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Representative Office
A representative office is a business entity established by foreign companies in a foreign country to conduct non-commercial activities on behalf of the parent company. Representative offices serve…
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