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Colleagues discussing documents in a meeting

April 1, 2024

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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Singapore waterfront and business district

April 1, 2024

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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Stock and pallets stored in a warehouse

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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Singapore waterfront and business district

March 28, 2024

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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Colleagues discussing documents in a meeting

March 28, 2024

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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Marina Bay Sands and Gardens by the Bay in Singapore

March 28, 2024

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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Laptop and calculator on a work desk

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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Marina Bay Sands and Gardens by the Bay in Singapore

March 28, 2024

Undischarged Bankrupt

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…

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Marina Bay Sands and Gardens by the Bay in Singapore

March 28, 2024

Variable Capital Company (VCC)

A Variable Capital Company (VCC) is a corporate structure introduced in Singapore for investment funds. It allows share capital to vary without shareholder approval and enables easy issuance…

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Singapore waterfront and business district

March 28, 2024

Venture Capitalist (VC)

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…

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