Singapore continues to be a leading global business hub, consistently ranking among the top nations for ease of doing business, as highlighted by the World Bank’s Doing Business reports. Known …
Singapore Regulatory Update: April 2024
In April 2024, Singapore maintained its status as a vibrant hub for businesses, with 4,659 new companies incorporated during the month, highlighting sustained interest in the city-state’s dynamic business environment. …
Singapore Regulatory Update: March 2024
Staying up-to-date with regulatory changes is vital for business owners. In March 2024, significant regulatory shifts unfolded across various sectors in Singapore, signaling the country’s dedication to transparency, efficiency, and …
Singapore Regulatory Update: February 2024
Welcome to the February 2024 edition of the Singapore Regulatory Update. This month brings significant updates, including tax revisions outlined in Budget 2024, the introduction of Enterprise Disbursements, and the …
Singapore Regulatory Update: January 2024
As the new year unfolds, Singapore’s regulatory landscape is seeing new developments, underscoring the nation’s commitment to fostering international collaboration, fortifying financial integrity, and driving innovation. In this comprehensive regulatory …
Singapore Regulatory Update: December 2023
Singapore remains a lively hub for businesses, attracting entrepreneurs worldwide with its favorable business environment. In December 2023, about 4,000 new companies were formed, showcasing ongoing interest in Singapore’s business …
Singapore Regulatory Update: November 2023
Singapore continues to fortify its regulatory framework, showcasing a commitment to global standards while fostering a conducive environment for business growth and innovation. In this comprehensive update, key regulatory developments …
Choosing the Financial-Year-End Date for Your Singapore Company
When considering the term “Financial Year End” (FYE), often, business owners automatically equate it with December 31st. However, in Singapore, companies aren’t bound by the conventional calendar year. Once your …
Singapore implements a central register of company controllers
Several new compliance initiatives were announced by the Chartered Secretaries Institute of Singapore and the Accounting and Corporate Regulatory Authority (ACRA) at two joint sessions in February. These include implementing …
Director fined for non-compliance with Singapore Companies Act
On 21 February 2019, the Singapore state courts fined a company director a record amount of $113,400 for 54 charges. The director Tan Hang Song was previously found guilty on …
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