Crowdfunding implies obtaining funds, services or even content from large gropus of people through specialized platforms and not through the traditional way: by appealing to financial institutions or suppliers . In Singapore, crowdfunding has started to develop in the last few years after this type of fundraising has become popular in western countries. The…
Under the Singapore Company Law, businesses in the city-state are required to file tax returns with the Accounting and Corporate Regulatory Authority (ACRA). Starting with December 2013, a new regulation has established that approximately all types of companies are required to use a special language for electronic communication called Extensible Business Reporting…
In Singapore, dormant companies are defined according to the regulations imposed by the Company Law as businesses which have not completed any activities from which incomes have been generated during a specific financial period. However, the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority (IRAS), companies in Singapore are considered dormant under different circumstances. No matter…
Singapore is one of the most appealing investment destinations in Southeast Asia and it attracts thousands of entrepreneurs from Europe every year. Most European investors will choose to trade with other companies in Europe and many of these businesses are located European Union (EU) member states. In order for Singapore companies to benefit from the…
The biotechnology industry is starting to become more appealing to large foreign companies which are seeking for innovative countries to move their businesses to. Singapore is currently one of the most developed economies as well as one of the most innovative countries in the world in terms of research and development which are of…
Blockchain technology is increasing in popularity in Singapore, as the Information Communications and Media Development Authority has announced the creation of a marketplace based on blockchain technology at the beginning of April. The project will be enabled in collaboration with the Data Innovation and Protection Agency in the city-state. Our company formation agents in Singapore can help investors…
Fintech and the investment funds sectors go hand in hand in Singapore, which is one of the most important financial centers in Southeast Asia. Singapore is also known as one of the most advanced financial centers in the world when it comes to creating a legislation on the use of cryptocurrencies. Professional investors interested in taking advantage of…
Acquisition of companies in Singapore Companies wanting to grow or expand their activities can do so by investing more in the business or by purchasing another entity. During the last years, the most common way of raising a company has become buying another business. In Singapore, acquisition of other companies is regulated by the Commercial Law in the first…
One of the best ways of setting up a business in the fintech sector in Singapore is by establishing a cryptocurrency company. In the last few years, the Singapore authorities have taken important steps in regulating various activities related to cryptocurrencies. If you want to open a company in Singapore and need guidance on the cryptocurrency regulations you need to comply with,…
Singapore offers many business opportunities, being one of the most open countries in the world from this point of view, which is why those considering opening a company here can set up the weirdest types of businesses they can think of. Our company formation agents in Singapore have prepared a brief presentation…
