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Singapore Companies Applying for Strike off/ to Cease Registration
Companies must pay outstanding taxes and fulfil all tax obligations as part of the process of striking off or de-registering the company. A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the Companies Register if it is no longer carrying on business. This process is known as "striking off" a company.
Guide to Singapore Limited Partnership
Limited Partnerships (LPs) in Singapore offer a flexible and attractive business structure for entrepreneurs seeking to establish a partnership while ensuring limited liability for certain partners. This article aims to provide a comprehensive guide for Kaizen’s existing clients or potential clients to explore the requirements and process for Singapore Limited Partnership Registration in Singapore.
Key Updates in Singapore Workforce Policies in 2024
Since 2024, the Minister of Manpower (“MOM”) Singapore had made several important announcements for Singapore workforce policies. Increase Compensation Limits Under the Work Injury Compensation Act (“WICA”)；Revised COVID-19 Vaccination Requirements for All Pass Holders;Revised Employment Pass (“EP”) Qualifying Salary
Guide to Starting a Debt Collection Business in Singapore
In Singapore, the debt collection industry plays a crucial role in maintaining financial integrity and ensuring the smooth flow of commerce. As businesses and individuals engage in transactions, occasional defaults and unpaid debts are inevitable.This necessitates the presence of professional debt collection agencies to facilitate the recovery of outstanding dues.
Global Investor Programme (“GIP”)
The Global Investor Programme (“GIP”) is administered by Contact Singapore, a division of the Singapore Economic Development Board (“EDB”) which advises entrepreneurs and business owners who are interested in relocating to and investing in Singapore.
Understanding of Nominee Shareholder in Singapore
In Singapore, the use of nominee shareholder is common for various reasons, including maintaining privacy, protecting assets, or facilitating complex ownership structures. However, it's important to note that Singapore has implemented stricter regulations regarding the use of nominee shareholders to prevent money laundering
Money-Changing Licence in Singapore
Money-changing licensees are licensed and regulated under the Payment Services Act (“PS Act”) to conduct only money-changing services ie. the service of buying or selling foreign currency notes. Entities that provide other payment services must hold a Standard Payment Institution Licence or Major Payment Institution Licence.
Bank Account Opening - Singapore VS Hong Kong
Both Singapore and Hong Kong are world-renowned business centres, attracting global investors with their extremely low tax rates and open business environment. Bank accounts have become one of the most important prerequisites for investors to make investment decisions and operate their businesses.
Guide to Starting A Private Educational Institution Business in Singapore
As a country whose natural resource is only its people, Singapore has a world-class and widely appreciated education system. The public schools are increasingly becoming popular among immigrants, the Ministry of Education conducts an annual admissions exercise during September/October for new international students who wish to join the public schools. International students need to apply for a Student’s Pass in order for them to study in Singapore.
Guide to Starting a Veterinary in Singapore
There is a growing global trend to raise a pet. In Singapore, more people now own dog and cat, the number of dog and cat have grown nearly 19% in five years to reach around 196,000 in year 2019. As the number of pets grow, pet-related services have also seen a jump in demand. In view of this, one may grab the business opportunity by setting up a veterinary centre in Singapore.