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Singapore Employment Pass – Work Visa for Professionals and Entrepreneurs

25 Aug 2010 - Published in Blog, Press Releases

The Ministry of Manpower (MOM) allows the foreigner to apply for a Singapore Employment Pass after they have incorporated their Singapore Company to enable them to live and work in Singapore. The EP does not fall under any quota system nor is there a monthly levy charge for EP.

singapore flag

Singapore Tops “Most Popular” Immigration Destination Survey

24 Aug 2010 - Published in Blog, Press Releases

Singapore has remained the top destination in the world in terms of attracting immigrants and workers, beating other neighbouring and western economic powerhouse, a recent Gallup survey told. The survey, which aims to calculate the member countries’ Potential Net Migration Index (PNMI), was conducted among 350, 000 people in some 148 countries from 2007 to [...]

hedge-fund

Singapore MAS Invites Comments on Proposed Enhancements for Fund Management Companies

29 Apr 2010 - Published in Blog

The Monetary Authority of Singapore (MAS) is reviewing the regulatory regime for financial intermediaries conducting fund management activities and the exemption regime for financial intermediaries engaged in leveraged foreign exchange trading. The hedge funds industry has seen tremendous growth in Asia in the past few years. China continues to be a big magnet for investors [...]

files and folders

ACRA Launched Colour-coded Compliance Rating

19 Apr 2010 - Published in Blog

ACRA’s online Business Directory Search will be enhanced to include a colour-coded compliance rating for locally incorporated companies to denote whether a company is in compliance with the Annual General Meeting (AGM) – including the tabling of up-to-date financial statements – and Annual Returns (AR) requirements. Compliant companies will be given a green tick and [...]

Personal taxes

Singapore Personal Tax Tips

18 Mar 2010 - Published in Blog

General Personal tax Information – for Individuals (Foreigners): The amount of income tax that you have to pay depends on your tax residency in Singapore. Top marginal resident tax rate of 20% kicks in at S$320,000 of taxable income.  Non-residents are taxed at the flat rate of 15% or the resident rates whichever results in a [...]

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Singapore Welcomes High Net Worth Investors From All Over the World

4 Mar 2010 - Published in Blog

Singapore abolished Estate Tax, which it had inherited during the British era. The move will encourage Singapore to become an attractive place for wealth to be invested and built up, whether by Singaporeans or foreigners. The Estate Duty will be removed with immediate effect from the Singapore tax regime. The Finance Minister, Mr.Tharman Shanmugaratnam in [...]

files

Financial Statements & Directors Report

Published in Blog

The Directors are responsible for preparing financial statements for each financial year in accordance with the Financial Reporting Standards (FRSs) and general accounting practice. The statements must give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. This requires [...]

benefits

Singapore Budget 2008 Unveil “Benefits for Business”

19 Jan 2010 - Published in Blog

(A1) Tax Deduction for R&D Expenditure (for all companies) Increase the quantum of tax deduction for expenditure incurred on research and development (R&D) done in Singapore from 100% to 150%. This means that for every SS$100,000 of local R&D expenditure incurred, SS$150,000 may be claimed as a tax deduction. This higher deduction will be available [...]

Hand shake Agreement

Why Singapore? Singapore Company Setup Specialist – Gives You the Top 5

14 Jan 2010 - Published in Blog

Singapore has attracted various organisations ranging from the Fortune 500 companies, small and medium enterprises, educational institutions to news bureaus to form their place in Singapore’s business landscape. Singapore is well known around the world as a multicultural, multi religious and multi racial harmonious island food paradise. Starting as a quiet, laid back fishing village, [...]

Sir Stamford Raffles

Singapore / Employment Pass / Visa Requirements – Immigration Matters

26 Oct 2009 - Published in Blog

If I am an Employment Pass holder, can my spouse work in Singapore? If you hold an Employment Pass, your spouse is eligible to apply for a Dependant Pass and thereafter to obtain a consent from the Ministry of Manpower (MOM) to work in Singapore. Who is eligible to apply for an Employment Pass? Any [...]