Foreign entrepreneurs are attracted by the investment possibilities they have and also by the flexibility of choosing the type of company they want to open in Singapore. Under the Singapore Company Act foreign investors can register one of the following types of business entities: companies, …
Singapore is one of the most important business and financial centers in Southeastern Asia which is why starting a company in the financial sector can be quite profitable. Forex trading is well regulated in the city-state, so if you want to set up a business, you first need to register a legal…
Foreign enterprisers looking into establishing a small or medium-sized business in Singapore can set up hair salons, as the number of such companies is on the rise in the city-state. The beauty industry has grown considerably in Singapore in the last few years, as the income of the residents has increased and so has their interest…
Since the beginning of the year, the number of investors interested in the Singapore automotive industry has grown continuously. One of the main reasons of this outcome is the government’s support for companies operating in the automotive industry, no matter the services they offered. When considering the fact that Singapore is among the few countries…
Singapore is one of the business-friendly countries in the world, according to the World Bank, which is why the small territory attracts a rising number of foreign investors every year. The Government also assists enterprisers by granting them various facilities, from tax-related ones to investment ones. In 2004, the Singapore Government enabled the Entrepreneur…
Foreign entrepreneurs who want to open companies in Singapore can set them up in various industries, among which gambling is quite sought in the city-state considering the latest developments in terms of legislation. Moreover, Singapore is one of the few countries in which the establishment of casinos or other types of gambling activities are very well regulated and…
Types of real estate due diligence in Singapore The most important action to take before purchasing a property in Singapore is to perform a thorough real estate due diligence. Foreign citizens and investors are being presented with several options when verifying a property they are about to purchase. Whether they want to verify…
Even if the Singapore taxation system is one of the most favorable among Southeast Asian states, there are several important aspects to consider when operating here as a group of companies. Singapore is also known for the tax benefits it offers to holding companies, which is why setting up a business…
Even if Singapore encourages public transportation, there are not few those who prefer to have their own cars in the city-state. Especially for those who go to work from residential areas like Hougang or Woodlands to downtown Singapore the car is quite a useful asset. Due to the modern and flawless infrastructure, one…
Who needs to file annual returns in Singapore? According to the Singapore Commercial Law, all companies are required to hold an Annual General Meeting of the shareholders and file annual returns with the Inland Revenue Authority (IRAS). The directors of the company are the ones submitting the annual returns (ARs). It is also the directors’ responsibility…
