Registering a Singapore Branch Office

Posted in Singapore Business Registration, Singapore Incorporation by Admin on April 20th, 2016

A foreign company ​that​ wish​es​ to​ carry out​ business activities in Singapore ​will usually find itself choosing between setting up a subsidiary/related company or a Singapore branch office. In this article, we are going to take a quick look at a Branch Office. Highlights of a Singapore Branch Office: ​Entity Type – A Singapore branch …

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PIC Bonus Scheme: The productivity booster for small and medium business

Posted in Business in Singapore, Investment Scams, Singapore Business Registration, Singapore Incorporation, Taxation by Aurora on June 1st, 2013

The Singapore Budget 2013 has brought some really good schemes, specially for small and medium businesses to improve productivity, like the new PIC Bonus Scheme. The PIC Bonus gives businesses that invest at least S$5,000 per year in qualifying activities a dollar-for-dollar matching cash bonus, capped at S$15,000 (over the three years from 2013 to 2015). This …

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The Top 10 Reasons Why Small Businesses Fail

Posted in Company Administration, Know Your Customer by Aurora on February 27th, 2013

Why do some businesses succeed when others fail? While it seems to be a matter of luck, the reality is that there are common mistakes that kill many small businesses before they get out of their way. The list below will give your startup a fighting chance by avoiding these 10 top startup missteps: Low …

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Singapore Ministry of Finance completes review of the Companies Act

Posted in Business in Singapore, Singapore Business Registration, Singapore Incorporation by Aurora on February 26th, 2013

In October 2012, the Ministry of Finance (MOF) has accepted 192 recommendations from the Steering Committee that conducted the review and modified 17 of them. 8 were not accepted. This comprehensive review of the Act is the largest since it was enacted in 1967 and marks a major step forward in Singapore’s corporate regulatory framework. The changes …

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Singapore’s Budget 2013 to address quality growth and an inclusive society

Posted in Business in Singapore, Employment Pass, Taxation by Aurora on February 26th, 2013

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam has announced the Singapore’s Budget for the financial year starting 1 April 2013, which can be summarized into the following highlights: Expected growth of 1% to 3% for 2013. More schemes to encourage quality growth, through innovation and higher productivity. A three-year co-funding package under a new …

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Singapore Employment Pass Application Process

Posted in Employment Pass by Admin on February 26th, 2013

Foreigners holding acceptable degrees and professional qualifications (whose monthly basic salary is more than S$3,000) are eligible to apply for an employment pass to work in Singapore. There are various types of employment passes, based on income bracket and qualifications: P PASS For foreigners who hold acceptable tertiary degrees qualifications or specialist skills and are seeking …

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