Singapore's food and beverage (F&B) sector is one of the most heavily regulated parts of the Singapore SME landscape. A typical café, restaurant, or central kitchen has obligations spread across at least five regulators — the Singapore Food Agency (SFA), the Accounting and Corporate Regulatory Authority (ACRA), the Inland Revenue Authority of Singapore (IRAS), the [...]
Running payroll in Singapore looks simple on the surface — there is no employee income tax to withhold, no equivalent of pay-as-you-earn, and IRAS does not collect tax monthly. But Singapore has its own discipline: monthly Central Provident Fund (CPF) contributions, monthly Skills Development Levy (SDL), monthly Foreign Worker Levy (FWL) where applicable, annual income [...]
Singapore has cemented itself as Asia's leading family office hub. The Monetary Authority of Singapore (MAS) reported that the number of single family offices in Singapore had crossed 2,000 by the end of 2024, with the trajectory continuing to climb through 2026 as more high-net-worth families and Asian principals consolidate their wealth-management activities here. Yet [...]
Closing down a Singapore company is rarely a decision business owners take lightly. Whether the venture has run its course, the founders have moved on to other projects, or a holding entity is no longer needed, the cleanest way to wind things up — for most small, solvent, non-trading companies — is to strike the [...]
Singapore's headline corporate tax rate sits at a flat 17%, and that single number is the marketing line everyone remembers. The reality is more nuanced. Between the partial tax exemption, the start-up exemption for qualifying new companies, the YA 2026 Corporate Income Tax (CIT) Rebate, and a basket of incentives administered by IRAS, EDB, and [...]
Singapore businesses have access to some of the world's most generous government grant support. Three grants in particular sit at the heart of Enterprise Singapore's assistance framework: the Enterprise Development Grant (EDG), the Productivity Solutions Grant (PSG), and the Market Readiness Assistance (MRA) grant. Each serves a different purpose, and choosing the wrong one — [...]
Running a Singapore company involves a calendar of recurring obligations to ACRA, IRAS, MOM, and CPF. Miss a deadline and the consequences range from late filing penalties of S$300–S$600 with ACRA, to compounded GST penalties with IRAS, to disqualification of directors in serious cases. The good news: every deadline is predictable once you know your [...]
Every significant decision made by a company's board of directors — from opening a bank account to approving financial statements, allotting shares, or authorising a major contract — must be formally documented as a board resolution. In Singapore, this requirement flows directly from the Companies Act 1967, and failure to maintain proper records can expose [...]
A nominee director is one of the most common — and most misunderstood — corporate arrangements in Singapore. Foreign founders setting up a Singapore private limited company, family offices structuring holding entities, and entrepreneurs wishing to maintain privacy of involvement all encounter the nominee director arrangement. Yet it is frequently implemented without proper legal documentation, [...]
Singapore has emerged as Asia's premier hub for single-family offices, with the Monetary Authority of Singapore (MAS) reporting more than 2,000 single-family offices established by the end of 2024 — a number that continues to grow despite tightened criteria. The combination of political stability, sophisticated financial infrastructure, deep capital markets, and the headline tax exemption [...]