Singapore’s Finance Minister and Deputy Prime Minister Heng Swee Keat, while delivering the Singapore Budget 2021 Statement on February 16, noted how during the last year Singapore has faced the worst recession since independence, as the world has fought the COVID-19 pandemic. “Last ... Continue Reading
The Singapore Company Incorporation Blog features relevant articles about entrepreneurship, relocation options, and Singapore business in general.
Form IR8A is a mandatory submission to the Inland Revenue Authority of Singapore (IRAS) to report employee income. All employers operating in Singapore are required to submit Form IR8A and its related documents to IRAS by March 1 of each year. This article will go over precisely what Form IR8A ... Continue Reading
When transacting with a group company, businesses always expect to get a lower offer, reduce the costs and keep the deal away from the country's eyes. To avoid this, governments have created a mechanism for regulating business and internal deals, and have set up transfer pricing rules. In this ... Continue Reading
If you are interested in commencing a new career or setting up your own business, it is normal to find yourself concerned about declining profits during the time of recession. During a recession, job security is hard to come by for the vast majority of people. Luckily, there are a few business ideas ... Continue Reading
Despite, or perhaps in some cases, even because of unprecedented disruption in the global economy, the high-net-worth (HNW) sector in Asia has grown by 7.9% in 2019, with China becoming home to the planet’s second-largest group of billionaires. Beyond that, the world as a whole welcomed 589 ... Continue Reading
With Singapore becoming the Asia hub for large organisations, Hong Kong businesses are looking to set up their company in Singapore as well. The process of foreigners setting up a company in Singapore is easy if all the steps are followed correctly. Below is a Q&A on how to incorporate a Hong ... Continue Reading