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 …

Read the rest of this entry »

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 …

Read the rest of this entry »

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 …

Read the rest of this entry »

Registration of Foreign Company (Singapore Branch) in Singapore

Posted in Business in Singapore, Singapore Business Registration, Singapore Incorporation by Admin on August 14th, 2007

A foreign company who wishes to start a business in Singapore, needs to register a Singapore branch office under the Singapore Company Act. The Singapore branch has to appoint 2 local agents in Singapore. The local agents must be ordinarily residents in Singapore i.e. Singapore Citizen, Singapore Permanent Resident, a person who has been issued …

Read the rest of this entry »