Articles
Singapore Unique Entity Number (UEN): Top questions to ask
If you’re looking to start a business, you’ll need to know about Singapore Unique Entity Number (UEN). This blog will answer some of the top questions about the UEN.
An Introduction to the Singapore Banking System
The Singapore Banking System is one of the best systems in the world. It is a major factor leading to Singapore’s global financial success.
A Complete Guide to Choose Singapore Banks for Foreigners
There are many Singapore banks for foreigners that you can choose from. But do you know the best bank option for your specific circumstances? Let’s find out now!
Quick Guide to Opening a Corporate Bank Account in Singapore
If you have just set up your company in Singapore, it is well-advised to open a corporate bank account ASAP to stay on top of all the transactions.
Learn Common Taxes That Will Apply To Your E-commerce In Singapore
Relevant tax rules and how they apply to your e-commerce businesses in Singapore. This blog also uncovers factors, challenges and cost-saving tips for your e-commerce.
Legal Issues Faced by E-commerce Business in Singapore
E-commerce companies in Singapore are subject to certain legal issues that must consider – data security, consumer rights, payment solutions, IP rights. Learn more.
Factors To Consider When Structuring Your Singapore E-commerce Business
Key factors you need to consider when structuring your e-commerce business in Singapore – manufacturing, distribution and fulfillment, payment processing
Accounting Tips For An E-commerce Business In Singapore
Long cash flow cycle, spread transactions and miscellaneous expenses – e-commerce expenses are an accounting nightmare for most. Maintaining a correct accounting method is important for any business, but it is especially important for e-commerce firms, which may have higher sales and transactions than traditional brick-and-mortar establishments. In this article, we’ll discuss some key financial…
Tips To Successfully Start Your Singapore E-commerce Business
E-commerce industry has been on the rise in recent years, and the Lion City is in the spotlight for professional players of e-commerce business venture. Check out these tips before starting your e-commerce business in Singapore.
Singapore eCommerce Highlights After Pandemic (Trends For 2022)
We deliver the insights on the future of Singapore eCommerce and help you prepare to kickstart your venture in Lion City. Learn more in our article!
Explore 3 Reasons Why Choosing Singapore E-commerce Business
Pro-business environment, supportive government policies, and a thriving digital ecosystem – Find more about typical reasons why Singapore is a match made in heaven to start and grow an e-commerce business.
Profitable dropshipping niches for Singapore eCommerce in 2022
Dropshipping is a good gateway to e-Commerce in Singapore, read on for better insights on the top trending niches.
Top 5 Payment Gateways for Your e-Commerce Business in Singapore
Online merchants in Singapore are always on the lookout for best payment gateways to help optimize their transaction flow. Here is our list
How to Start an eCommerce Business in Singapore: The Definitive Guide
See our guide on How to Start an eCommerce Business in Singapore and kickstart your journey to entrepreneurship in 2021.
Singapore Unique Entity Number (UEN): Top questions to ask
If you’re looking to start a business, you’ll need to know about Singapore Unique Entity Number (UEN). This blog will answer some of the top questions about the UEN.
Top 5 FAQs about Singapore Certificate of Incorporation
The Certificate of Incorporation is an administrative document if you want to start a business in Singapore. Its process is simple and can be done online.
Sole Proprietorship or Private Limited Company in Singapore: Which One Is Better?
If you’re unsure whether a sole proprietorship or a private limited company is better for your business in Singapore, this article will clear things up for you.
A General Overview on Trading Licenses and Permits in Singapore
For a trading business operating in Singapore, being knowledgeable in import-export regulations is a must for smooth sailing. Read on for a cursory look on the matter.
How to Start a Fintech Business in Singapore
The need for digital innovation is stronger than ever as Fintech start-ups are now on the rise. Watch our guide on how to start a fintech business in Singapore and incorporate today.
[INFOGRAPHIC] Singapore Major Business Trends in 2021
Singapore has laid out certain business trends for 2021 in major industries. The aim is to retain and further develop the economy in the context of Covid-19.
Everything You Need To Know About Singapore Offshore Company
An offshore company in Singapore can bring to you many tax benefits and other investment incentives, although it is not a tax haven. Learn about it now!
Reasons Why You Should Incorporate in Singapore (2022 updates)
Small in size, enormous in scale – this is the best way to describe Singapore. Let’s take a look at reasons why you should incorporate in Singapore with BBCIncorp!
Setting Up a Private Limited Company in Singapore: An A-Z Guide
The best way for setting up a private limited company in Singapore is to engage incorporation services. You can expect a new company formed in just 1 day.
Singapore Investment Holding Company – Facts And Functions
Singapore investment holding company is a great structure for your assets strategy. Discover its features in our article right now!
Guide To Types of Companies in Singapore (2022 Updates)
This blog covers the main types of companies in Singapore and key features to simplify your decision-making.
Setting Up A Singapore Holding Company – Benefits and Challenges
Singapore is one of the most ideal places to incorporate a holding company. A Singapore holding company can bring you better management and many tax benefits.
Why Must You Appoint A Nominee Director In Singapore?
A nominee director helps you fulfill the Singapore incorporation requirements. You can hire one via service and later replace him by getting an Employment Pass.
Tech.Pass: The Newest Pass In Singapore (Limited Application)
As a Tech.Pass holder, you can do a variety of activities in Singapore. It will be open for application in January 2021 with only 500 places for applicants.
How To Secure Your Chance To Open A Corporate Bank Account In Singapore
To get a corporate bank account in Singapore, your company should provide good trading proofs and avoid falling into blacklists of nationalities and activities.
A Guide to Limited Liability Company in Singapore
Limited liability company is the most chosen business type in Singapore due to its advantages in respect of legal status, limited liability and tax benefits.
LLC vs LLP vs Sole Proprietorship in Singapore: What Are The Differences
For better understanding, crucial aspects of an LLC, LLP and Sole Proprietorship in Singapore are put in comparison. Learn more with BBCIncorp
Appointing a Company Secretary in Singapore: What to Know
Appointing a company secretary is legally required in Singapore. Find out who can be a corporate secretary in Singapore and what the responsibilities are
A Guide To Limited Liability Partnership In Singapore
Limited liability partnership in Singapore is advantageous due to its separate legal status, limited liability and fewer compliance requirements
How To Strike Off A Company In Singapore
Striking off is a simple way of closing a business. However, in order to strike off a company in Singapore, there are some requirements needed to be met.
Guide to Hiring in Singapore: What You Need To Know As an Employer
Let’s learn about the Employment Act, what duties an employer should take note and ultimately what can be done to have a good hiring practice in Singapore.
Business Licenses and Permits in Singapore
Many industries require extra business licenses and permits. Find out some of the most common ones and also the fastest way to apply for licenses in Singapore
Singapore and Hong Kong for Doing Business
Wondering where to incorporate? Hong Kong and Singapore are in the top three ideal destinations to do business in the world. Tons of benefits for corporations.
The Go-to Guide to Sole Proprietorship in Singapore
Setting up a sole proprietorship in Singapore is rather simple and involves little hassle. Let’s discover some of the key characteristics of this business form.
Registration Options in Singapore for Foreign Companies
Foreign companies wishing to enter the Singapore market are given 3 registration options: a subsidiary company, a branch and a representative office.
Everything You Need to Know About Dormant Company in Singapore
A dormant company in Singapore is a company that conducts no significant transaction. It is cost-effective since it can be exempted from certain requirements.
How to Start a Business in Singapore for Foreigners (2022 Update)
The process of starting a business in Singapore for foreigners is rather fast and simple. Here is everything you need to know when incorporating in Singapore.
An Introduction to Exempt Private Company in Singapore
An exempt private company is one of the most favored types of businesses in Singapore as it provides a wide range of benefits and tax incentives.
A Guide to Corporate Tax Filing in Singapore (2022 Update)
For corporate tax filing in Singapore, your company must file 2 tax returns. The deadline of each return will be different, based on the financial year end.
6 Most Common Questions about Singapore Financial Statements
Your company must include its Singapore financial statements in annual reports. Learn everything about these documents through these 6 questions.
Annual General Meeting in Singapore: How to Stay Compliant
Your company must hold an Annual General Meeting in Singapore. However, it can be exempted from such a requirement if certain conditions are satisfied.
6 Most Common Questions About Dividends In Singapore
Individuals are not subject to Singapore dividend tax. However, companies may do so. Learn more about Singapore dividends through these most asked questions.
How To Be Exempted From Singapore Foreign Income Tax
Singapore imposes tax on foreign income when it is remitted to the nation. However, exemption from foreign income tax is possible if certain conditions are met.
Learning The Basics: Property Stamp Duty In Singapore
Property stamp duty in Singapore is imposed on documents relating to fixed properties. The tax rates vary according to activities, namely buying or renting
An Introduction To Property Tax In Singapore
Property in Singapore is taxed based on its annual value and tax rate. There are three types of properties in Singapore with different imposed tax rates.
Understanding The Taxation In Singapore
Tax in Singapore is one of the main reasons why so many foreign individuals and businesses come and invest into the city-state.
How To Reduce Income Tax in Singapore for Individuals and Businesses
There are many ways to legally reduce income tax in Singapore for both individual taxpayers as well as business entities. Learn more with BBCIncorp.
How To Wind Up A Company In Singapore
Before being dissolved due to indebtedness, a business must be wound up. The process of winding up a company in Singapore can be voluntary or compulsory
Transfer of Shares in Singapore Private Limited Company – A Beginner’s Guideline
Shares of a private limited company in Singapore may be freely transferable. However, the transfer of shares is constrained and must follow a procedure.
A Guide to Dividend Declaration in Singapore
Dividend declaration is a must before the distribution. Any person violating Dividend Declaration Rules in Singapore is guilty of a criminal offense.
How to Choose and Change Financial Year End for New Businesses in Singapore
Financial Year End (FYE) can greatly affect taxation of businesses in Singapore. Learn what should be considered when determining FYE and how to change it.
Wage Credit Scheme in Singapore: A Support For Employers
You can receive a part of wage increases given to local employees under the Singapore Wage Credit Scheme. Find out how much you can claim and how it works.
Tax Incentives for Specific Industries in Singapore
Tax incentives in Singapore may bring you lower rates or even tax exemption. Different industries have different incentives to be offered. Find out here some of the most common ones.
Important Grants for Tech Startups in Singapore
There are many different grants that cover many stages of development of a tech startup in Singapore, from POC and POV to growing capital and going overseas.
A Guide to Withholding Tax in Singapore
The scope of withholding tax in Singapore is somewhat more limited than that of other jurisdictions: only Singapore-sourced income of a non-resident is levied.
Singapore Corporate Tax: Everything You Need To Know
The Singapore corporate tax rate is 17%, applied to both local and foreign companies. But local companies can apply for many schemes to lower their payable tax.
How to Qualify for Audit Exemption in Singapore
All companies in Singapore are subject to audit requirements. However, if your company is a small one, it can be eligible for an audit exemption in Singapore.
XBRL – A Key Filing Requirement in Singapore
XBRL is a framework for filing records. In Singapore, XBRL has become a standard means of reporting with an aim to streamline communication between parties.
A Guide to Personal Income Tax in Singapore for Foreigners
Personal income tax in Singapore for foreigners based on residency status. Tax residents and non-tax residents are taxed at different rates.
An Overview of Annual Filing Requirement in Singapore
Annual filing requirements for companies in Singapore are filing reports to ACRA and IRAS. Still, exemptions can be claimed under some conditions.
An Introduction to the Singapore Accounting Standards
The accounting standards of Singapore are seamlessly aligned with IFRS, making it the official, compulsory accounting guideline that companies must adhere to.
Some Pointers on Goods and Services Tax in Singapore
Goods and service tax (GST) is levied when goods and services are purchased. In Singapore, the rate of GST is a flat 7% and is set to increase to 9% soon.
Top Tips for Starting a Successful Trading Business in Singapore
Plan to start your trading business in Singapore soon? Don’t miss out on these top tips to help you cover the key points.
Keynotes to Logistics Management for Your Singapore Trading Business
Logistics and accounting can be a chaotic space for trading businesses in Singapore to navigate. Here are some core guidelines for making the journey easier.
Singapore Trading Company: Tax Obligations & Incentives
Global connectivity is the catalyst for Singapore’s climb to economic prowess in the modern era, with thousands of ports, airways, and shipping lines dotting its logistic landscape. This makes it a prime location for east-west trades and furthermore, a gateway towards an ever-expanding market known as Mainland China. But for all these promising boons, there’s…
Top Must-Know Incentives for Trading Businesses in Singapore
If you are looking to set up a trading business in Singapore, you will be pleased to know that the government offers a range of incentives and grants to help businesses get started. This is great news for businesses, as it makes it easier to get started and helps reduce the costs associated with starting…
Top Business Banking Options for Your Singapore Trading Business
When you’re running a Singapore trading company, it’s important to have a business bank account that can support your needs. There are many different banks that offer accounts for businesses, and each one has its own set of features and benefits. In this article, we will discuss the banking options available to Singapore trading companies,…
Singapore Trading Outlook 2022: What to Expect
Despite the global economic slowdown in 2020 due to the pandemic, Singapore’s economy is still expected to grow in 2021. This is thanks to the country’s strong fundamentals and its openness to foreign investments. Singapore has always been a favorite destination for entrepreneurs and investors looking to set up their businesses. The city-state offers a…
A Thorough Guide to Trading Company in Singapore
Forming a trading company in Singapore can be a little bit difficult since it needs to obtain some specific licenses and permits before starting business.
An Overview of Long Term Visit Pass in Singapore
The Singapore Long Term Visit Pass Scheme allows you to reunite with your family. Are you and your family members qualified for this scheme? Check it out.
6 Singapore Government Agencies That You Should Know
Three Singapore government agencies that you must know are ACRA, IRAS and MOM. Others that are necessary to know are EDB, Enterprise Singapore and MAS.
How to Re-domicile Foreign Companies to Singapore
Foreign business entities can opt for re-domiciliation to Singapore after meeting the minimum conditions regarding size, solvency and other legality requirements.
Summary of The Singapore and India Double Tax Treaty
The Singapore and India Double Tax Treaty was signed to avoids income from being taxed twice. Taxes for different types of income also reduced
The Personal Data Protection Act in Singapore Guidelines
The Personal Data Protection Act in Singapore sets out rules regarding the collection, use, disclosure and care of personal data that must be complied.
Virtual Offices in Singapore: Why and How to Choose?
Best virtual offices in Singapore comprise a downtown business address, qualifying services and facilities with transparent prices and a good reputation
An Introduction to the Singapore CorpPass
CorpPass in Singapore has been widely implemented and become the only login method for businesses to transact with the government since 2018.
An Introduction to Business Insurance in Singapore: What A Company Needs
Business insurance is crucial in Singapore since some risks are unpredictable. Property, employees and liability should be prioritized to be insured
Singapore and Australia Tax Treaty: Avoidance of Double Taxation (DTA)
Singapore and Australia tax treaty prevents income from being taxed twice and it also offers reduced tax rates for a number of specific types of income.
Singapore Work Culture – Navigate Business Blunders With Confidence
Singapore work culture is a diversity of multiple cultures with one of the hardest-working labor along with many Asian-oriented features.
A Guide to CPF Contribution in Singapore
Singapore CPF Contribution offers its Citizens and PRs a secured retirement and other beneficial schemes. Learn thoroughly how it actually works.
Employment Act in Singapore (Last Updated 2019)
Singapore Employment Act keeps employees away from being unfairly exploited and helps employers to make valid contracts. Let’s learn the basic regulations.
An Overview of How to Get Citizenship in Singapore
Becoming a Singapore citizen will grant you many exclusive advantages that you can greatly benefit from. Find out how to get citizenship in Singapore.
4 Significant Benefits of Getting Citizenship in Singapore
Singapore citizenship offers you more advantages in buying properties, exclusive healthcare schemes, grants for your future family, and even more.
An Overall Guide to Trademark in Singapore
Trademark is crucial for a business’s identity. Find out what it is, why you should own one and ultimately learn how to apply for a trademark in Singapore.
Significant Benefits from Becoming a Singapore Permanent Resident
There are many benefits of Singapore PR: Business and Employment Privileges, Immigration Stability, Many Priorities, or even Citizenship. Find out more.
Overview of Permanent Residence Application in Singapore
There are various PR schemes to help you become a Singapore Permanent Resident. Learn what the requirements are and how to apply for PR in Singapore.
An Overview of Dependant’s Pass in Singapore
In Singapore, the Dependant’s Pass makes way for the holders of other passes to reunite with their family members
An Introduction To Double Tax Treaty In Singapore
Double taxation is when the same source of income is taxed twice. To eliminate this unfairness, Singapore is working toward its network of double tax treaties.
Singapore Employment Pass: Everything You Need To Know
Now that you have obtained a well-paid position in Singapore, getting an Employment Pass is the next step as it is a prerequisite for your relocation.
An Overview of Singapore – Indonesia Double Tax Treaty
The tax treaty between Singapore and Indonesia is a comprehensive agreement that helps rid of double taxation and facilitate the bilateral trade of 2 countries.
Understand Singapore Work Permit In 10 minutes
Foreigners wishing to work in Singapore must apply for work permits. The most common ones are Employment Pass, EntrePass, and S Pass, among others.
A Comprehensive Guide to Entrepreneur Pass in Singapore
In Singapore, an Entrepreneur Pass is a recognition of you as an investor, entrepreneur or innovator. It is a must if your sole need is to accumulate wealth.
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