The foremost concern & question that arises in a person’s mind for starting a new business in Singapore is “funding.” Starting a new business in a foreign country is always a challenging & mountain task, from funding to licensing to incorporation and more. The existing businesses also need to raise funding from time to time…
Many businesses avoid paying Taxes to keep more income with them or due to time-constraint. Tax Evasion is the most common illegal way of avoiding meeting tax obligations practiced worldwide. Singapore takes tax compliance very seriously, and they follow a strict & stringent policy for individuals & businesses to pay lawful taxes on time. Singapore…
Payroll Management is a crucial part of any business. Any business primary responsibility is to keep the payments clear to employees, vendors, and clients. If the payments are due & outstanding, it affects the credibility of the business and negatively impacts cash flows & operations of the business. Thus, payroll management plays a vital role…
Many individuals don’t want to work in a partnership neither they want to work for some company. Sole Proprietorship allows such individuals to have complete access to their business from all ends. If you are looking to start a Sole Proprietorship in Singapore, then ask yourself the below basic questions: Are you looking to take…
It may be complicated to start a business from scratch in any other country. But in Singapore, it is as easy as a pie. However, you still need to have in-depth information about the same, and Bestar is there for you to do exactly the same. With our reliable services, we prepare you for the…
Every country has its own rules and regulations which keep upgrading day in and day out. However, it is tough for businesses to keep a track of them and adhere to these laws. In the absence of following any order might yield huge penalties which can be extremely bad for PR. However, Bestar, one of…
Goods and Services Tax (GST) was introduced in Singapore in 1994. Since then, businesses tend to apply for GST registration whenever it adds to the value of goods or services provided by them. As a result, it helps them to keep a record of their financial transactions. There is a criteria that needs to be…
Singapore is one of the most productive south-east states which has led to the origin, development and prosperity of many industries. A consulting business in Singapore ranges from management to marketing, business, law and more actually provides accurate expert advice as well as business solutions to its clients. A consultant is like a fresh pair…
Any organisation is surely incomplete without its numbers department. This is why it’s essential to maintain the accounting and bookkeeping services on a daily basis for the healthier financial health of the company. In terms of small and medium-scale business, it can become highly taxing to keep up with a highly qualified team of individuals…
The World Bank report that came six years ago marks Singapore on the top place as the easiest place to do business. Ever since Singapore has never left the spot as it allows business owners to set-up their business smoothly and without any fuss. The reason why business owners prefer to set up companies in…