Singapore’s S$109 billion 2022 Budget was announced on February 18, 2022. While the last two budgets were concerned with getting the country through the pandemic crisis, devoting over S$100 billion …
Singapore Regulatory Update: February 2022
The Singapore Government continues to harmonize its regulations in accordance with international standards and implement laws that will work in the best interest of the business. In this post, we …
Singapore regulatory update: December 2021
Singapore’s law is well-known globally for its fair, efficient, and innovative approach. The Singapore Government is constantly improving and adjusting its regulatory regime to the vital needs of the business. …
Singapore startup and business update: November 2021
The Singapore government has extended its COVID-19 Stabilization Phase till November 24, 2021. With the help of an extended support package of S$640 million, the country’s business ecosystem continues to …
Avoid this founder’s $10 billion mistake, incorporate in Singapore
After the death of Samsung Electronics chairman Lee Kun-hee, his family faced a giant tax bill on their inheritance. Mr. Lee’s family expects to pay more than USD$10.8 billion in …
Singapore startup and business update: July 2021
The pandemic has inspired numerous persons to become their own bosses and embrace entrepreneurship. The proof of that is the number of new businesses incorporated in Singapore. In just the …
Q3 2020: Recent regulatory changes in Singapore
Over the past few months, Singapore’s government has launched new e-services, enhanced its pro-business regulations, and launched new business incentives that make it easy to launch and conduct business in …
Minimum Salary for Employment Pass Holders Revised
Singapore’s Ministry of Manpower has just announced that it has raised the minimum salary that companies based in the country must pay to their foreign professionals and foreign mid-skilled workers …
Proposed Amendments to the Singapore Companies Act
In light of OECD’s enhanced compliance guidelines and changes in technology in January 2018 the Accounting and Corporate Regulatory Authority (ACRA) initiated an extensive review of the country’s corporate laws …
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 …