Singapore continues to be the most attractive business hub for entrepreneurs worldwide. In July 2024 alone, about 4,100 new companies were registered, underscoring the city-state’s dynamic business environment. To maintain …
Singapore Regulatory Update: June 2024
Below are the highlights of key developments that shaped Singapore’s economic and regulatory landscape in June, including a new AI talent scheme with the United States, renewed capital markets cooperation …
Singapore Regulatory Update: May 2024
Singapore remains a vibrant hub for businesses, attracting entrepreneurs worldwide with its favorable business environment. In May 2024, 4,724 new companies were formed, showcasing ongoing interest in Singapore’s dynamic business …
Avoid Penalties: Compliance Deadlines for Singapore Companies in 2024
Don’t miss key 2024 compliance dates! Our must-read blog-post outlines all corporate and tax compliance deadlines for Singapore companies.
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 …
10 tax tips for foreigners starting a Singapore company
The number of businesses setting up a presence in Singapore continues to grow, in large part due to the country’s tax-friendly environment. Singapore welcomes global businesses and startups, offering a …
5 common mistakes to avoid while incorporating a Singapore company
Singapore is well-known for offering a favorable and welcoming environment to startups. Bolstered by supportive government policies and private funding, Singapore has emerged as Asia’s preferred business hub; its position …
Global minimum tax: reforming the international taxation system
International tax competition has accelerated with the rise of globalization and is widely regarded as a cause for the downward spiral in the inflows of many governments. World leaders led …
India ratifies OECD’s MLI – its impact on Singapore-India DTA
In November 2016, OECD members finalized the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). MLI targets the implementation …
India Drops Dividend Distribution Tax; Singapore FDI now Favored
In its latest budget, the Indian government has launched several tax reforms aimed at reviving the country’s economy and improving the investment climate. These include slashing the corporate tax rate …