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LLP vs Pte Ltd: The Differences According to ACRA

The two most often compared company types in Singapore are Limited Liability Partnerships (LLP) and Private Limited Company (Pte Ltd). Thanks to the country’s economic competitiveness, entrepreneurs are eager to start their own business. An individual who will establish their company soon can choose from the following business entities: Limited [...]

2021-06-28T18:52:04+08:00June 28th, 2021|ACRA Partnership|0 Comments

How to Start a Business in Singapore: Start-up Capital

Capital is a necessity when establishing a business. However, the notion that it requires a large amount is a mere misconception. Read on to find out more about how to start a business in Singapore and how much start-up capital is needed. Starting a Business in Singapore The Lion City’s [...]

2021-04-05T11:08:33+08:00September 25th, 2020|Starting a Business in Singapore|0 Comments

Key Information on Singapore Start-ups

Start-ups in Singapore play a great role in keeping the country’s entrepreneurship ecosystem competitive. Not every one of them succeeds, but a majority still last more than a few years after their inception. With that said, the government continues to strengthen these enterprises, both individually and collectively by promoting the [...]

2021-04-05T11:08:33+08:00September 23rd, 2020|Start-up|0 Comments

Home Business Registration in Singapore

The COVID-19 pandemic has affected how people conduct business in Singapore. One of the most prominent changes is that more entrepreneurs are opting to register home-based businesses, allowing them to earn income without direct contact with other people. This article will discuss in more detail the process of home business [...]

2021-04-05T11:08:33+08:00September 20th, 2020|BizFile|0 Comments

How To Set Up A Company Limited By Guarantee in Singapore

Not all companies are created to turn a profit. In the case of non-profit organisations or charities, the best option for business owners in Singapore is to establish their enterprise as a company limited by guarantee. The key advantages of running a company limited by guarantee are the following: Includes [...]

Understanding ACRA Singapore’s SSIC Requirements

To make it easier to classify Singaporean businesses by the types of economic activities they are engaged in, the Accounting and Corporate Regulatory Authority (ACRA) has introduced a system known as the Singapore Standard Industrial Classification (SSIC). An SSIC code is assigned to every business and is used for multiple [...]

2021-04-05T11:08:34+08:00August 13th, 2020|ACRA|0 Comments

SingPass: Why You Need It When You Incorporate in Singapore

Singapore Personal Access or SingPass is a digital signature that allows entrepreneurs to transact with over 60 government agencies in Singapore. It was launched in 2003 and is currently being managed by the Government Technology Agency (GovTech). The SingPass system is reviewed regularly to ensure that a secure transaction is [...]

A Basic Guide on Singapore Tax Identification Number

The Tax Identification Number (TIN) is a general term for the taxpayer’s information that's used for government transactions. In Singapore, the information required will depend on the individual or the entity. We discuss the basics of a Singapore tax identification number in this article. Permanent residents, citizens and businesses in [...]

Phased Reopening: Currently Operating Companies in Singapore

The COVID-19 pandemic has wreaked havoc upon the operations of several top companies in Singapore, causing disruptions to supply chains, workforce, and productivity due to the enforcement of strict self-isolation measures. However, as government regulations are eased to stimulate the economy, a number of companies in Singapore have been permitted [...]

2021-04-05T11:08:34+08:00June 25th, 2020|Companies in Singapore|0 Comments

How Can a Singapore Company Fight Against the COVID-19 Pandemic?

The effect of the COVID-19 crisis continues to be felt worldwide. In Singapore, a circuit breaker period was implemented from April 7 to June 1 to pre-empt escalating COVID-19 infections. It includes temporary closure of businesses that are not listed as an essential service.  This article discusses the considerations that [...]

2021-04-05T11:08:34+08:00June 23rd, 2020|Companies in Singapore|0 Comments