by Willie Tan | Apr 13, 2024 | Glossary
E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the Internet or through electronic channels. It involves the exchange of products, services, or information between businesses, consumers, or governments conducted...
by Willie Tan | Apr 13, 2024 | Glossary
A neobank, also known as a digital bank or challenger bank, is a type of financial institution that operates exclusively online or through mobile apps, without any physical branch locations. Neobanks offer banking services such as savings accounts, checking accounts,...
by Willie Tan | Apr 13, 2024 | Glossary
The Global Investor Program (GIP) in Singapore is a scheme designed to attract and retain high-net-worth individuals (HNWIs) and entrepreneurs who can contribute to the country’s economy by investing and establishing businesses in Singapore. Administered by the...
by Willie Tan | Apr 13, 2024 | Glossary
A family office is a private wealth management advisory firm that serves high-net-worth individuals (HNWIs) or ultra-high-net-worth individuals (UHNWIs) and their families. The primary purpose of a family office is to manage and preserve the wealth of affluent...
by Willie Tan | Apr 13, 2024 | Glossary
The Enterprise Innovation Scheme (EIS) is a funding initiative in Singapore aimed at supporting local Small and Medium Enterprises (SMEs) in their efforts to innovate and grow. The scheme is administered by Enterprise Singapore, a government agency focused on...
by Willie Tan | Apr 13, 2024 | Glossary
The National Registration Identity Card (NRIC) is an official identification document issued to citizens and permanent residents of Singapore. It serves as a primary means of identification for various purposes, including accessing government services, opening bank...
by Willie Tan | Apr 13, 2024 | Glossary
A company limited by guarantee (CLG) is a legal entity commonly used by non-profit organisations, charities, clubs, associations, and other similar entities. Unlike a traditional company limited by shares, where shareholders contribute capital and receive dividends...
by Willie Tan | Apr 12, 2024 | Glossary
A Non-Profit Organization (NPO) is dedicated to pursuing a particular social cause or mission, rather than generating profit for its owners or shareholders. NPOs are also sometimes referred to as not-for-profit organizations or charities. Here are some key...
by Willie Tan | Apr 12, 2024 | Glossary
A non-disclosure agreement (NDA), also known as a confidentiality agreement, is a legal contract between two or more parties that outlines confidential information that the parties wish to share for certain purposes, but wish to restrict access to or disclosure of by...
by Willie Tan | Apr 12, 2024 | Glossary
The Home Office Scheme in Singapore allows certain categories of businesses to operate from residential premises. It is administered by the Urban Redevelopment Authority (URA) and is designed to support entrepreneurship, flexibility in working arrangements, and the...
