A Social Enterprise is a typical company. It is basically a normal, typical company which is profit driven and the incorporation process is basically the same as starting a new company because a starting a Social Enterprise is starting a normal, typical company. There is no special SSIC code which companies must place on their [...]
If you were to start a business, namely in Asia, you would inevitably factor in starting it in Singapore, among others. Here are some reasons which may compel you to eventually start your business, and company, in Singapore. 1) Singapore has one of the lowest corporate taxes in the world The corporate tax rate is [...]
As a business grows, some business owners may want to convert their sole proprietorship into a private limited company. Here are some of the reasons why some business owners may want to make the switch. 1) To limit liabilities As a sole proprietor, your liabilities are unlimited. This means that you are liable for any [...]
Here are the steps to incorporating a Singapore Company. It will take approximately 1 to 2 days to incorporate a Singapore Company. If you are a Singaporean or Singapore Permanent Resident who is living in Singapore and will be the sole director and shareholder of the proposed Singapore Company, the timeframe to incorporate can be [...]
An Investment Holding Company is a company that derives its revenue from the management of assets such as real estate or shares of companies. In Singapore, there are many such companies and the owners of these companies come from all over the world. Here are some reasons why people from all over the world would [...]
The most typical company that is incorporated is Private Company limited by Shares. There are, however, two different types of Private Company limited by Shares, namely a Private Company and an Exempt Private Company. Exempt Private Company limited by Shares An Exempt Private Company limited by Shares is a private company which has at most [...]
Some businesses may require a nominee director for a variety of reasons. For foreign-owned companies, they may require a nominee director to fulfil statutory requirements of having one local resident director. Some individuals may be employed in certain companies that prohibit them from being a director in another company. These individuals may want to set [...]
If you are looking to do business internationally and are looking for a place to base your company, more often than not, Singapore may crop up as one of the viable options. Let us look at the reasons why Singapore is seen as one of the best places in the world to incorporate a company [...]
The Singapore government has always been supportive of start-up companies and has many schemes to support entrepreneurship. One of the ways which they have been assisting new start-up companies is by providing tax reliefs. Let us focus on Year of Assessment 2019 and 2020. Year of Assessment 2019 (YA 2019) This is for financial years [...]
Many businesses involve the importing and exporting of goods. Here is a general guide for anyone out there who would like to get into the trading business. Step 1: Register for a company and activate a Customs Account You will need an entity to engage in import and export activities in Singapore. You can register [...]