Recruitment activities are regulated by the Singapore Employment Agency Act and can be completed by companies that need to respect various requirements. Among these, the recruitment agency must obtain certain business licenses with the Ministry of Manpower in Singapore. Below, you can find out how to open a recruitment agency…
The representative office is a non-commercial entity that can be created by foreign companies seeking to understand the Singapore market and/or behavior of potential clients. The main reason for setting up a liaison office is the future expansion of operations in the city-state. If you are interested in opening a…
The first step to take when establishing a trading company in Singapore is to register the company with the Trade Register. In case you are considering opening an LLC, you should visit this article about the process of setting up a private limited company in Singapore. The second step will…
The sole proprietorship or sole trader is the simplest form of doing businessin Singapore. The Singapore sole proprietorship is suitable for small businesses carried out by one owner. It is also important for citizens or holders of a Singapore residence permit to have enough money before going forward with the registration as a sole trader.…
Foreign investors have several possibilities for registering companies in Singapore. Among these, they can set up subsidiaries, branch offices, or representative offices. A subsidiary is usually registered as a private limited liability in Singapore with a foreign company as a shareholder. For many small and medium-size foreign companies, the subsidiary…
The business license is a permit released by the Singapore government agency that enables companies to conduct the business operations they register for with the Companies Registrar. Most business activities in Singapore dot not require licenses or permits in order to be carried out, the only step required being the…
Corporate governance in Singapore Singapore has based its corporate governance system on the Anglo-American pattern. Corporate governance in Singapore is based on capital market control and managerial behavior. The main regulatory framework companies rely on when conducting business operation, naming managers, shareholders and their rights is the Singapore Companies Act…
Applying for a residence permit in Singapore Singapore provides many investment opportunities for foreign investors but also employment possibilities for foreign citizens. Foreign citizens can become Singapore permanent residents (SPRs) by applying for an entry permit. Foreign citizens that can obtain a residence permit in Singapore are spouses and minor…
Opening a bank account in Singapore is crucial no matter if you work or open a business in the city-state. Discover the procedure and the services offered by our local specialists in the article below. Quick Facts Types of bank accounts Personal, corporate, non-resident and merchant accounts Document requirements for…
Singapore is aiming to become one of the biggest financial centers in Asia-Pacific by providing tax incentives to foreign companies establishing in the city-state. Not only do foreign investors benefit from tax incentives, but for those setting up holding companies in Singapore the process will take about three days only…
