Introduction Goods and Services Tax (GST) is Singapore’s broad-based consumption tax levied at 9% on the supply of taxable goods and services in Singapore, as well as on the importation of goods. Understanding when you must register for GST — and what happens if you miss the deadline — is one of the most critical [...]
Introduction For decades, the Cayman Islands Segregated Portfolio Company (SPC) was the default choice for Asia-focused fund managers seeking a flexible, tax-neutral fund vehicle. But times have changed. Since Singapore launched its Variable Capital Company (VCC) framework in January 2020, an increasing number of fund managers — from boutique hedge funds to multi-billion-dollar private equity [...]
Singapore has firmly established itself as Asia's premier destination for family offices. With over 1,500 single family offices (SFOs) now operating in the city-state, robust legal frameworks, sophisticated fund management infrastructure, and generous tax incentive schemes under Sections 13O and 13U of the Income Tax Act, Singapore offers high-net-worth families a compelling combination of stability, [...]
Singapore's SME grant landscape can be bewildering. The Enterprise Development Grant (EDG), Productivity Solutions Grant (PSG), and Market Readiness Assistance (MRA) Grant are three of the most widely used business grants in Singapore — each serving a different purpose, covering different activities, and suited to a different stage of business growth. Making the wrong choice [...]
Running a Singapore company means managing a recurring cycle of statutory filings, tax submissions, and corporate governance requirements. Miss a deadline and you face penalties — sometimes automatic, sometimes discretionary, but always avoidable with proper planning. Yet many business owners do not have a single, consolidated view of everything that is due and when. This [...]
Becoming a Singapore Permanent Resident (PR) is a goal for many foreign professionals and their families who have built their lives in Singapore. PR status offers significant benefits: access to subsidised healthcare and education, HDB housing eligibility, greater employment stability, and a clearer pathway to citizenship. Yet the process is often misunderstood — there is [...]
Singapore is one of Asia's most sought-after destinations for foreign professionals. Whether you are a mid-career executive, a seasoned entrepreneur, or a globally recognised talent, navigating the work pass landscape can be daunting. Three passes dominate the conversation: the Employment Pass (EP), the Personalised Employment Pass (PEP), and the Overseas Networks & Expertise Pass (ONE [...]
Closing a Singapore company is a decision that requires careful planning and proper execution. When a business has ceased operations and has no outstanding liabilities, the most cost-effective and administratively straightforward way to close it is through a voluntary striking-off application with the Accounting and Corporate Regulatory Authority (ACRA). Once struck off, the company ceases [...]
Goods and Services Tax (GST) is a broad-based consumption tax levied at a rate of 9% on the supply of goods and services in Singapore and on imports of goods. For Singapore business owners and directors, understanding when GST registration is required — and when it may be advantageous even if not compulsory — is [...]
For foreign professionals seeking to work in Singapore and for the employers who wish to hire them, the Employment Pass (EP) remains the most widely used work authorisation route. Administered by the Ministry of Manpower (MOM), the EP is designed for foreign professionals, managers, and executives who meet defined salary and qualifications criteria. This guide [...]