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Benefits of Goods and Services Tax (GST) to the Singapore Businesses
In Singapore, consumption of services and products is taxed with Goods and Services Tax. Its current rate of GST in Singapore, which is also known as the Value-added Tax (VAT) in other countries, is 7%. It is collected by the GST registered...
Read More Dec 8, 2015Important Facts about Setting a New Singapore Company
The world economy is trying to get itself out of the economic crisis because of the declining Chinese economy. The market is no doubt is sluggish. If you have opted to start a new business, there is no better place than the Singapore. Its economy...
Read More Dec 7, 2015ACRA Declares Effective Date of Implementation for Second Phase Amendments of the Companies Act
The Accounting and Corporate Regulatory Authority (ACRA) has announced that the second phase of legislative amendments to the Companies Act will come into effect from 3 January 2016. The Companies (Amendment) Act was gazetted in October 2014 and...
Read More Dec 5, 2015Singapore’s Start-up Ecosystem: A Great Support for the New Businesses
Singapore suffers from one deficiency, the lack of natural resources. Its planners strived and converted it into a trade-based market economy. This island nation counts its human resource as one of its important resources and does everything to let...
Read More Dec 4, 2015Trends Related to Singapore Permanent Resident or Citizenship
The entrepreneurs after their Singapore business incorporation dream of acquiring the permanent resident status and then, the citizenship of this island nation. It is also the case with the professionals from various fields. Singapore: The...
Read More Nov 10, 2015Singapore: A Greener Pasture for the Indian Companies
The World Bank’s latest report shows that India has improved its ranking in Ease of Doing Business indicator by 12 positions. Thanks to reforms initiated by Prime Minister Modi, now, it is placed at 130th position. However, the same report...
Read More Nov 7, 2015