Osome Blog
Osome Blog is a resource for entrepreneurs and everyone who wants to become one. We help to avoid mistakes that can be avoided: save money, hire the right people, prevent fines, and make sense of the rules and legal requirements you will face on the way.
How Electronic Signatures Work in Singapore
Many businessmen live with reams of papers all over the office — although they don’t have to. In Singapore, most documents can be signed on the computer, which is just as legal.
What Investors Want to Hear At Your Pitch
Talking someone into giving you money is hard, especially if we are talking millions. Osome Blog asked 3 founders who succeeded, 1 startup scout and 1 product lead to share their experience. Here’s what they told us.
Osome Becomes Xero’s Gold Partner
Osome has received the gold partner status from Xero, a cloud-based accounting software platform. With only 30 Singapore companies holding this title, Xero recognizes Osome expertise in bookkeeping, accounting, and taxation.
2,000 Osome Clients
It took us 15 months to grow the first 1,000 clients. Now, only six months later, another 1,000 business owners joined us. Thank you for trusting Osome!
How to Set up Alipay & WeChat Pay for Your Business in Singapore?
If you have clients from mainland China, offering them the preferred payment options like WeChat Pay and Alipay is a way to boost your business. The Chinese visiting your website or your offline shop in Singapore will have fewer problems paying and are likely to buy more.
How to Become a Singapore Citizen?
Technically, there are very few requirements to apply for citizenship: you must be a Permanent Resident for at least 2 years, you must be employed and be at least 21 years old. Sounds easy, yet there are nuances.
How to apply and become Permanent Resident in Singapore
Permanent residency gets you as close to being a Singapore citizen as possible: you get all the same rights and benefits except being able to vote and hold public office. We look at the requirements, the documents you need to prepare, the timeline and chances for approval or rejection.
How to Emigrate to Singapore and Get Citizenship?
We explain how to move to Singapore, get a work visa, apply for Permanent Resident status and receive citizenship, looking at the requirements, eligibility and timelines.
How to Open a Corporate Bank Account in Singapore
With so many options, choosing a bank and a tariff in Singapore seems challenging. We compared the most startup friendly tariffs in the popular banks in Singapore and found out what you need to open a corporate bank account for a local company.
Dream Team: OCBC Bank & Osome Celebrate Their Partnership
We are happy and humbled to be named a valued partner by OCBC Bank. We have been closely collaborating in our mission to bring you the most enjoyable client service. We operate on different scales but we share the same values, so working together has always been pleasant.
Will the New Laws Scare the Business Away from the British Virgin Islands?
The British Virgin Islands seem to lose the offshore edge: the EU pressure forced the country to introduce new requirements for businesses. The rulebook compels paper-presence companies to show more substance in the tax haven. We examine if this new legislation is a game changer and why.
How Does ACRA's Bizfile Work in Singapore?
As a Singapore entrepreneur, you, or more likely, your Corporate secretary, are going to interact with Bizfile regularly. Residents can access the directory themselves while foreigners need to hire an agent to do that for them. Here are some of the major activities your business might need
How Does GST Work in Singapore?
GST rate is 7% in Singapore, but you only have to register after your company generates more than S$1 million in taxable revenue.
How to Report About your Business Activity Type
As a rule, people starting companies already know what they’ll be doing. The authorities want to know, too, so they ask every entrepreneur about it. Let’s figure out how to decide on the answer and what rules to follow.
How to Start a Business in Singapore from New Zealand?
Singapore taxes are low, company formation for foreigners is easy, and a foreigner can own 100% of a Singapore business. If you decide to move, the quality of life is high.
1,000 Osome Clients
Today we celebrate our first 1,000 clients. Thank you for choosing us to be your guide in Singapore Business Administration.
How do I choose between Sole Proprietorship and Private Limited company in Singapore?
Business structure should help your purpose. Choosing Sole Proprietorship or Pte Ltd will define the taxes you pay, the liability, and your obligations to the government bodies.
What Taxes Do Australian Entrepreneurs Pay in Singapore?
Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions. And Singapore and Australia have a Double Taxation Agreement to avoid being taxed twice on the same income.
How to Start a Business in Singapore from Australia?
Singapore taxes are low, company formation for foreigners is easy, and a foreigner can own 100% of a Singapore business. If you decide to move, the quality of life is high.
What Taxes Do Indonesian Entrepreneurs Pay in Singapore?
Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions. And Singapore and Indonesia have a Double Taxation Agreement to avoid being taxed twice on the same income.
How to Start a Business in Singapore from Indonesia?
Singapore taxes are low, company formation for foreigners is easy, and a foreigner can own 100% of a Singapore business. If you decide to move, the quality of life is high.
70% of Entrepreneurs Prefer to Check in via MyInfo for Incorporation and Secretarial Services
Osome has integrated MyInfo to provide SingPass holders with a one-step business formation process, and two-thirds of their clientele use the new feature
How not to Hold Annual General Meetings
Annual General Meetings are important. Firstly, they are compulsory. Secondly, vital subjects are discussed there: during AGMs, shareholders approve financial statements. Without the shareholders’ approval, your business can’t meet the filing requirements.
What is a Dormant Company and How to Apply for It?
A company becomes Dormant if it has no business activity. The annual filings with ACRA and IRAS become easier and the maintanance is cheaper.
What Taxes Do Malaysian Entrepreneurs Pay in Singapore?
Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions. And Singapore and Malaysia have a Double Taxation Agreement to avoid being taxed twice on the same income.
What Taxes Do UK Entrepreneurs Pay in Singapore?
Singapore corporate tax rate is 17% flat for foreigners and locals. The government supports startups with exemptions for the first three years. And Singapore and the UK have a Double Taxation Agreement to avoid being taxed twice on the same income.
How to Start a Business in Singapore from the United Kingdom?
Singapore taxes are low, company formation for foreigners is easy, and a foreigner can own 100% of a Singapore business. If you decide to move, the quality of life is high.
What Structure Should I Choose for my Company?
There are 3 types of business organization you can choose from. They vary in terms of liability, the number of owners, and relationships between them.
Roles and Responsibilities of Company Secretary in Singapore
The Company Secretary is responsible for your Singapore business compliance. You must appoint one within 6 months after incorporation.
How to Change Corporate Secretary?
There are several red flags that tell you your current Corporate Secretary is not doing a good job: you have to wait for an answer for days, and follow up with reminders. You do not receive advice on regulation, and when you do it’s often unclear. You're unhappy with the price you pay.
3 Minute Guide to Singapore Tax
Singapore is famous for its attractive corporate tax rates. We explain how it works in a snapshot.
Osome Raises US$2 Million To Develop And Expand
The funding will support new product development and reaching new markets, including Hong Kong and Australia
How Tax Exemptions Work in Singapore?
Singapore tax system is one of the best in the world for entrepreneurs. Learn how to benefit from opening your company and paying its taxes in Singapore.
Bonanza: A Deal to End All Deals
The Nominee is cheaper, the Secretary is unlimited, and the deposit is gone
Osome to Pioneer Cloud Community Network
Infocomm Media Development Authority (IMDA) names Osome a pioneer company to join the Cloud Community Network.
What Taxes Do Indian Entrepreneurs Pay in Singapore?
A guide to Singapore corporate taxes and exemptions for foreign business owners
Can I open a company in Singapore under Dependant Pass?
You’re in Singapore under Dependant Pass and time has come to open your own business. Congratulations! Here’s what you need to do.
How to start a business in Singapore from Malaysia?
Every year nearly 4,000 Malaysians register their company in Singapore. We put together the main questions they have into a simple guide that will help you grab business opportunities and become one of them.
How do dividends work in Singapore?
You’ve made a profit and thinking about paying it out to shareholders. Here’s all you need to know about dividends in Singapore
Who is a Nominee Director?
If you don’t have a resident director for your Singapore company, you’ll need a Nominee. We explain how it works and what his role is.
What are company secretary job responsibilities?
Once you’ve set up a company, you have 6 months to find a Corporate Secretary. But what are company secretary's duties and functions? What are the Corporate Secretary's responsibilities? A corporate secretary
How to start a business in Singapore from India?
Every year over 3,000 Indians register their company in Singapore. We put together the main questions they have into a simple guide that will help you grab business opportunities and become one of them.
How can expat open a company in Singapore?
You’re in Singapore under Employment Pass and time has come to open your own business. Congratulations! Here’s what you need to do
How to open a company and move to Singapore under Employment Pass?
You plan to open a business in Singapore (or already have) and want to move there. The most common relocation option is Employment Pass — a visa that your company applies for and invites you to work. Find out what it takes and why it’s the easiest way in our simple guide.
How and Why can I convert Sole Proprietorship into Pte Ltd in Singapore?
When does it make sense to convert? When you see your business works. Sole Proprietorship is a great way to test ideas. Once you know you’re going to stick with it, consider
