Giving back to society is always a good thing. Some companies do it through programs embedded in their corporate structure. These are commonly called Corporate Social Responsibility (CSR) programs. Some companies do it a step further and function as a Social Enterprise. Social Enterprises are business entities set up with clear social goals. There are [...]
Singapore is a great place to do business. It is corruption free, has a highly educated and skilled workforce and has low corporate taxes. Singapore is a cosmopolitan country and an extremely open economy. It is no wonder that many people in Singapore do choose to open companies or register as a sole proprietorship or [...]
Singapore is one of the easiest places to do business. One of the main reasons for this is the simple structure and corporate governance which business owners have to adhere to. That being said, it would be wise to understand the various business entities which you can set up in Singapore before embarking on your [...]
In Singapore, a non-profit entity is one that does not distribute its surplus revenue among its members. A traditional profit-driven entity would seek to maximise profits so that this profits can be distributed among its members. A non-profit entity's purpose is to serve public interest and benefits. A non-profit entity needs to be set up [...]
Singapore is an ideal destination to incorporate and operate a company. As a country, Singapore enjoys a vibrant business landscape backed by robust political, economic and social stability. Furthermore, Singapore has among the lowest corporate tax rate globally at 17%, compared to countries like Australia (30%) and India (34%). Qualifying new companies enjoy full tax [...]
Setting up of all businesses is carried out through Accounting and Corporate Regulatory Authority (ACRA). In Singapore, ACRA is the national regulator of business entities and accountants. To foster a vibrant business scene, setting up a business in Singapore is a rather straightforward affair. In a 2016 World Bank report, it was found that setting [...]