Understanding GST registration in Singapore can have a significant impact on your company’s expenses and financial statements. However, each business in effect charges GST only if the value is added to the good or service. Here, we’ll discuss various aspects to be taken into consideration while registering for GST in Singapore. What GST Stands For In Singapore?…
The process of incorporating has been made simpler in Singapore that encourages full obedience by the companies. The management must be aware of the activities after incorporation for avoiding penalties or punishments. Some significant actions to be taken after incorporation: Board First Meeting Bank Account Company Seal Share Certificate AuditorCEO Statutory Registers Business Insurance Financial…
Owing to its vibrant economic climate, political stability, tax incentives, low corruption rate, and seamless regulatory system, Singapore is the chosen business destination for foreign investors across the world. In fact, today it holds the 5th position in attracting the most FDI inflows in the world. As a rapidly growing global business hub, the island…
Singapore’s growing status as South East Asia’s hottest destination for business, coupled with its strategic position and pro-business policies, has established the city-state as an attractive hub for non-Singaporeans to consolidate their company in the region. If you are a foreign national wondering “how to start a business in Singapore as a foreigner?” professional firms like Bestar that help…
Over the last decade, Singapore has moved up the global ladder to become one of South East Asia’s hotbeds for new business incorporations. The country has been crowned as a tech mecca and startup paradise, even outshining global tech and startup hub Silicon Valley. Some of the biggest reasons why the country attracts entrepreneurs from all…
Outsourced Bookkeeping Service in Singapore Bookkeeping is an essential part of any organization to run smoothly and in compliance with evolving tax laws. However, often business owners lack the time, focus, or training to perform the daily tasks of managing their financial records and statements on their own. This is where outsourced bookkeeping services come…
Professional Income Tax Filing Services in Singapore For Singapore-based self-employed or salaried individuals who draw an annual income above S$22,000, filing personal income tax is a mandatory affair. When you are an individual so busy trying to juggle a demanding job with your personal responsibilities, it is easy to overlook the minutiae. In addition, tax filing is one area where…
Why Appoint An Accounting Firm in Singapore Strict tax laws and their effective enforcement is a growing phenomenon in the Singapore business environment. This has led to an increasing need for businesses, big and small, to appoint accounting firms to take care of their books of accounts and adhere to statutory compliance. The best accounting…
Outsourced Accounting Services in Singapore ACRA or the Accounting and Corporate Regulatory Authority, the strict regulator of public accounts and corporates in Singapore, is bestowed with the authority to oversee if any company is failing to comply with the law and regulations of the country and to penalise defaulters. This stringent need for statutory compliance…
Your Simple Guide to Singapore Company Registration Singapore is globally renowned for its ease of doing business. It is really quick and easy to register a company here. Here is a guide on how to complete Singapore Company Registration in a few quick steps. Employ a Company Registration Services Provider It is to the…