If your business was incorporated overseas but your operations, clients, or investment base are increasingly centred on Singapore, you may not need to set up a new subsidiary. Singapore's inward re-domiciliation regime allows a foreign corporate entity to transfer its registration directly to Singapore, effectively becoming a Singapore company while preserving legal continuity. This guide [...]
If you have read a Singapore-law shareholders' agreement in the past five years, you have almost certainly seen a clause titled "Drag-Along Rights". It looks technical and is often skipped over in negotiation. That is a mistake. Drag-along rights determine, in plain language, whether the majority shareholders can force you to sell your shares on [...]
One of the most quietly significant changes in the Corporate and Accounting Laws (Amendment) Act 2025 (CALA Act) — which commenced its first tranche on 6 May 2026 — is the new permission for a sole director to also serve as the company secretary of a Singapore private company. For more than five decades, Section [...]
There are seven types of tax-deductible donations. Please note that not all apply to corporate donors. 1) Cash Donations for Local Causes Cash donations to approved Institutions of a Public Character (IPCs) or the Singapore Government, intended to support local community causes, are tax-deductible for corporate and individual donors. Donations to registered charities without [...]
In BizFile+, which is the business filing system operated by the Accounting and Corporate Regulatory Authority (ACRA) in Singapore, an "Alternate Address" is an optional address that directors, secretaries, and other company officers can use instead of their residential address in public records. The alternate address must be in the same country as the residential [...]
The Annual Wage Supplement (AWS), also known as the 13th-month bonus, is a customary year-end payment in Singapore given to employees on top of their 12 months of regular salary. The AWS is typically equivalent to one month’s salary and is intended to reward employees for their yearly contributions. Here are some key points about [...]
Hong Kong's Top Talent Pass Scheme, introduced in late 2022, is a strategic initiative designed to attract highly skilled and talented professionals from around the world to work in Hong Kong. This scheme is part of broader efforts by the Hong Kong government to bolster the city's status as a global hub in various high-priority [...]
PayNow offers an improved money transfer experience, allowing retail customers of participating banks and non-financial institutions (NFIs) in Singapore to swiftly send and receive Singapore Dollar funds within the country. This can be done using only a mobile number, Singapore NRIC/FIN, or a Virtual Payment Address (VPA). Importantly, the sender no longer needs to possess [...]
Juridical double taxation occurs when the same income is subject to taxation twice—first in the jurisdiction where the income is generated and then again in the jurisdiction where it is received. To alleviate the implications of double taxation, countries enter into DTAs. A DTA partner refers to a jurisdiction that has signed a DTA with [...]
Base erosion and profit shifting (BEPS) is a term used to describe tax planning strategies employed by multinational enterprises (MNEs) that take advantage of gaps and inconsistencies in tax regulations to avoid paying taxes. Developing countries, which heavily rely on corporate income tax, are disproportionately affected by BEPS. These practices result in annual revenue losses [...]