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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