Starting a company in Singapore is straightforward by partnering with Business Incorporation Services Provider like Bestar Services. However, you must hire directors while incorporating your new company, especially a nominee director, to ensure your company abides by the laws and potential legal action by third parties. In this blog, we will walk you through the…
There are several requirements that an individual/business entity/company must fulfil for their incorporation in Singapore. UEN (Unique Entity Number) is one of them. It is a string of numbers to identify a specific entity/number of businesses registered in Singapore. Explore: Best Company Incorporation Services in Singapore You can obtain a special UEN from a list…
Every company & business operating in Singapore has only two concerns – profit making and reducing company tax to increase profit after tax for significant profits. When it comes to paying Corporate Taxes, Singapore tops the list and attracts vast companies & businesses worldwide to come, operate their business, and earn significant revenues. Singapore has…
Singapore has become one of the hottest hubs in the world for setting up businesses and earning substantial revenues & earning. It is attracting a large number of investors, companies, businesses, and entrepreneurs to move to Singapore and set up their businesses. With Singapore Government giving handy support, it is easy for foreign individuals to…
Small & Medium Enterprises (SMEs) have proliferated in Singapore in the last one decade. They are the backbone of Singapore’s economy, contributing over 50% to Singapore’s GDP and providing employment to over 70% of the local workforce. There are over 3,00,000 SMEs in Singapore, and more than 80% are locally owned. According to Singapore’s Ministry…
Post-Pandemic consumers primarily prefer online shopping platforms, which has moved sellers and businesses to take their business online on E-Commerce platforms, which has cashed them significant revenues. This has inspired and motivated new E-Commerce business ventures and entrepreneurs to earn substantial profits. If you are thinking of starting your E-Commerce business or taking your seasoned…
Setting up a Business in an overseas country is a dream and ambition for countless startups and existing businesses across the globe. Singapore is one of the hottest hubs for setting up business worldwide. With access to the latest technology, picturesque infrastructure, skyscrapers, Singapore Government support, and many more benefits and long-term advantages, Singapore is…
Choosing a business name is the most challenging task than the procedure for business incorporation and registration. Once you have found an appealing and memorable business name, and then you find out that ACRA did not approve its registration as it is already taken or for other reasons. Choosing a business name involves extensive brainstorming…
Many individuals dream of starting an online business, be it the youth studying in university and doing post-graduation in business management, employees working in a corporate setup, and even established offline businesses. With people spending almost one hour on social media platforms and doing online shopping, it makes the online business a better option for…
In 2023, businesses operating in Singapore will experience a major change because of the GST hike. In 2022, the Minister of Finance announced in Singapore Budget that GST would gradually increase, and this tax increase will affect small businesses. However, with the proper planning for the GST rate hike, you can help your business ease…