What Is the Enterprise Development Grant? The Enterprise Development Grant (EDG) is one of Singapore's most significant government grants for local businesses. Administered by Enterprise Singapore, the EDG provides funding support of up to 50% of qualifying project costs for small and medium enterprises (SMEs), and up to 70% for sustainability-related projects. Whether you are [...]
Why Share Transfers Matter for Singapore Companies Transferring shares in a Singapore private limited company is one of the most common corporate transactions that business owners will encounter. Whether you are bringing in a new investor, restructuring ownership among existing shareholders, or facilitating a management buyout, understanding the proper procedure for transferring shares is essential. [...]
Introduction Singapore has long been recognised as one of the best places in the world to start a business. With its stable political environment, transparent regulatory framework, and pro-business policies, it continues to attract entrepreneurs from around the globe. For foreign entrepreneurs who wish to start and operate an innovative business in Singapore, the EntrePass [...]
Introduction As Singapore continues to position itself as a global business hub, more companies are engaging in cross-border transactions with related parties — whether with a parent company overseas, a subsidiary in another jurisdiction, or an affiliated entity within the same corporate group. These related-party transactions are subject to Singapore's transfer pricing rules, which require [...]
For many business owners in Singapore, Goods and Services Tax (GST) registration is a milestone that raises a host of questions. When is registration compulsory? Is there any benefit to registering voluntarily? What are the compliance obligations that come with being GST-registered? And with the new InvoiceNow requirements rolling out from April 2026, what should [...]
Whether you are restructuring your business, bringing in a new investor, or facilitating the exit of an existing shareholder, transferring shares is one of the most common corporate transactions for Singapore private limited companies. Despite its frequency, the process involves several legal, regulatory, and tax considerations that directors and shareholders must navigate carefully. Understanding the [...]
What Is the COMPASS Framework? The Complementarity Assessment Framework, commonly known as COMPASS, is Singapore’s points-based system for evaluating Employment Pass (EP) applications. Introduced by the Ministry of Manpower (MOM) on 1 September 2023, COMPASS is designed to ensure that foreign professionals hired in Singapore genuinely complement the local workforce rather than displace it. Under [...]
What Is the Corporate Service Providers Act 2024? The Corporate Service Providers Act 2024 (CSP Act) represents one of the most significant pieces of legislation to impact the corporate services industry in Singapore in recent years. Enacted by Parliament and brought into effect on 9 June 2025, the CSP Act establishes a comprehensive regulatory framework [...]
Singapore has long been recognised for its robust ecosystem of government grants designed to help businesses grow, innovate, and expand internationally. For years, small and medium enterprises (SMEs) have relied on three flagship schemes from Enterprise Singapore — the Enterprise Development Grant (EDG), the Productivity Solutions Grant (PSG), and the Market Readiness Assistance (MRA) grant [...]
Running a company in Singapore comes with a host of regulatory obligations. From holding your Annual General Meeting to filing tax returns with the Inland Revenue Authority of Singapore (IRAS), missing a single deadline can result in penalties, fines, or even prosecution. For directors and company officers, staying on top of these requirements is not [...]