Singapore companies are often put in the position to contract loans in order to be able to operate, however the government through International Enterprise Singapore and SPRING Singapore, two of the mechanisms enabled to assist businesses has conceived the Loan Insurance Scheme (LIS). The assistance program helps local companies borrowing money from banks by insuring…
For several years now, the Singapore government creates various types of schemes, incentives and grants with the purpose of attracting foreign investors or simply assisting companies registered here. With the number of small and medium-sized enterprises and startup businesses on the rise, International Enterprise Singapore (IE Singapore), the governmental agency in charge with promoting local companies…
Foreign investors who move to Singapore and decide to start a small business are not required to directly register a company, instead they can choose between simpler business forms such as sole proprietorships and partnerships. Both types structures are recognized by the Singapore Commercial Code, however they have other particularities in terms of liability and taxation compared…
Foreign investors can set up various types of companies in Singapore, which is why the Lion City is one of the most attractive countries in the world in terms of doing business. One of these types of companies available for registration in Singapore is the offshore company. A Singapore offshore company is a company registered with the Accounting and…
Singapore is one of the most prolific trading hubs in Southeast Asia having tight economic relations with one of the largest commodities markets in the world, China. In order to enhance this partnership, a few years ago, Singapore signed a Mutual Recognition Arrangement with Hong Kong through which the customs authorities in the two republics…
Ireland and Singapore are similar in terms of economic development if one follows their trajectory during the last few years. While Singapore managed to become an important trading hub and a reputable financial centre in Southeast Asia, the same thing happened to Ireland in Europe. Another important aspect in which the two countries resemble is…
The dividends are the profits arising from the ownership of capital in a Singapore company which is usually divided into shares after all the taxes have been paid. Shareholders are usually entitled to dividend payments in Singapore. There are also cases in which companies go public and trade those shares on the capital markets in Singapore. In…
Foreign investors are very attracted to the Asian markets as countries here have different demands, and thus make room for all kinds of businesses. During the last few years, Singapore has become one of the most important business hubs and together with it neighboring countries like Malaysia and Indonesia have started to attract the attention of foreign…
The telecommunications industry has developed quite a lot during the last few years in Singapore, as the number of customers requesting this type of services has also increased. With a well-developed telecom infrastructure, the city-state also managed to attract a large number of foreign companies seeking to expand their services in the Asia-Pacific region.…
Accounting is one of the most important parts or running a company in Singapore. One of the key persons in the management of a company is the Chief Financial Officer (CFO) who is in charge with the financial management of the company. The CFO will be responsible for maintaining accurate financial records and will report…
