What to do if you need a Nominee Director for your company
Find out what you need to know if you need a nominee director, along with their roles, and what could go wrong in the process to avoid mistakes.
6 min read
Corporate Secretary: What Are Their Roles and Do You Need One?
After incorporating your company, you could benefit from having a corporate secretary around. Find out if you really need one.
6 min read
What’s Next After Incorporation? 12 Things To Do
There is more work you’ll need to do after opening a company. Here are 12 tasks you should do within your first year after registering your company.
8 min read
Selecting a Financial Year End for your New Company
Your financial year end affects how you do your accounting and tax submissions. So how do you decide? Read on.
4 min read
Remittance
Ever wondered what a remittance is? This article helps you to understand that and how to make a remittance payment. Got more questions related to accounting for your business, feel free to write
2 min read
Accounting Journal
An accounting journal is a part of a company’s bookkeeping and accounting system. It is a log book that contains all records of a company’s transactions in chronological order. Its main
2 min read
Reimbursement
Reimbursement is a repayment given by a company to someone for their out-of-pocket expenses; the amount of reimbursement is equal to the amount of money spent by this person. The person who receives
2 min read
How to Decide which Company Structure to Choose
A useful guide to help you compare the pros and cons of a Sole Trader, Partnership, LLP, and Ltd.
7 min read
Using a Virtual Office as my Registered Physical Address
As companies work remotely and borders are restricted, would virtual offices fulfil the requirement to open a company?
7 min read
A Guide to Setting Up an Import and Export Company
What do you need to do before you have your own import and export company? Find out the steps and how to get started.
6 min read
What the Electronic Transactions Act means for Entrepreneurs?
What do the Electronic Transactions mean for businesses and SMEs? We go through 4 things that entrepreneurs should take a close look at.
4 min read
How small companies can qualify for Audit Exemptions
What defines a small company to qualify for audit exemption in Singapore? Find out everything you need to know in this guide.
3 min read
Choosing a Virtual Office service for my Company
Are you considering reducing your expenses and wondering if a virtual office fulfils the requirements to set up a company? Read on.
4 min read
Variable Costs
If you’re here to better understand the term ‘Variable Costs’, you’re at the right place. Knowing what it means will help you to scale your business. This article helps you to
4 min read
6 Advantages of Converting to a Private Limited Company
Is it time for your freelance business to change from a sole proprietor? Find out the 6 advantages and 3 steps to a Private Limited Company.
7 min read
5 Steps to Having Your Own Employment Agency
Did you know that after incorporating your company, there are licences and security deposits to make to set up an employment agency? Read on.
6 min read
Financial Year
How do Financial Years work for companies? Why should business owners know about the financial year? How do I change my company’s financial year-end in the UK? What is the tax year?
3 min read
PDPA & GDPR: Does my company need to comply?
Does the PDPA apply to my company? What about the GDPR? Ease your worries and read through this guide to tell it to you straight, with examples.
8 min read
Is remitting through banks the best way to transfer money?
So you’re remitting or transferring money? Ever thought of finding a cheaper and simpler way compared to using the banks’ service? Read on here.
3 min read
Appointing a Company Director: Things to Know
Find out everything you need to know about appointing a resident director to open a company in Singapore here.
6 min read
The Definitive Guide to Opening a Representative Office in Singapore
Want to know how to open a representative office in Singapore before you incorporate a new company here? Read on.
5 min read
A Practical Guide to the Hong Kong Quality Migrant Admission Scheme
Looking to hire specialised individuals from overseas to work for you in your Hong Kong company? Then you’ll need to get acquainted with this scheme.
5 min read
Hong Kong Financial Reporting Standards
The Hong Kong Financial Reporting Standards, or HKFRS for short, is a set of financial reporting standards issued by the Hong Kong Institute of Certified Public Accountants (HKICPA) in Hong Kong. Why do
4 min read
Find the Right Fit: Which Corporate Structure is Best for my New Company
Now you’ve decided to set up a company, which business structure would be the best? We take you through to find the right fit.
7 min read
A 4 Minute Guide to the Inland Revenue Department
Once you open up a company in Hong Kong, you’ll be dealing with this government agency a lot. Learn more about its role, functions, and services in Hong Kong.
4 min read
A guide for opening an offshore company in Hong Kong for entrepreneurs
This article will guide you on how to incorporate an offshore company in Hong Kong, the benefits of opening a Hong Kong offshore company, its formation requirements, the procedure, and timeline.
8 min read
Recommended Retail Price
RRP stands for Recommended Retail Price. Also known in the UK as the list price, it was designed so that the prices don’t dramatically vary in different stores, and when setting it
3 min read
An Employers’ Guide to MPF in Hong Kong
As a new employer, you need to be aware of different schemes under the Mandatory Provident Fund (MPF) to kickstart your hiring process. This article will take you through what MPF is about.
7 min read
How Entrepreneurs in Singapore can Pay Less Tax Legally
Did you know that you can reduce your company’s taxable income and pay less tax to IRAS by writing off some of your business expenses? But which expenses can a company deduct from its income? We break it down for you.
6 min read
Guide to Hong Kong Tax for SME Owners
Hong Kong can boast one of the simplest and cheapest tax systems in the world. Is there a value-added tax? No such thing. How about a withholding tax or a capital gains tax? Again — nope. We will explain which taxes for private limited companies do exist in Hong Kong and how to pay them.
10 min read
FTSE Index
The FTSE is a stock market index that indicates how well the economy is doing. The number after the letters (i.e. FTSE 100, FTSE 250, etc) tells you how many of the
5 min read
What is a Business Registration Number (BRN)?
We explain everything you need to know about BRNs. This article is for people relocating their business to Hong Kong and those looking to incorporate a company there.
3 min read
Everything You Wanted to Know About EBITDA Explained by an Investor
How to calculate EBITDA and, most importantly, why? A practicing financial analyst and investor Dan Satkunas explains how to assess business decisions based on EBITDA margin—and makes it all look quite interesting.
10 min read
Equity
Equity is a broad term. In its most general meaning, equity is an equilibrium, or “a state when the two parties are even.” Jack fulfilled all his obligations to Tom and vice versa.
8 min read
Contra Account
A Contra account balances out associated accounts in the general ledger. If the main account is recorded as a debit, its contra account is a credit and vice versa. If you wish to
3 min read
How Accounting Is Different from Bookkeeping?
In short, bookkeepers record transactions of your company, then accountants summarise, interpret and report them. We explain who needs both specialists and why a bookkeeper can't substitute an accountant.
5 min read
Cash Book
A cash book is a part of a company’s bookkeeping and accounting processes. It usually looks like a paper notebook or a computer program where you write down all financial operations taking
3 min read
Accrual Accounting
Accrual Accounting is one of two methods of keeping your financial records. Its main feature is that you make an entry in your books when you make a deal, not when cash actually
3 min read
Hire Purchase
Hire purchase is an agreement that lets you buy expensive goods without paying the whole price right away. The difference from a purchase on credit is that you do not own the item
7 min read
Pointers to Get Your ID Approved by Companies Registry on Your First Try
When setting up a company in Hong Kong, foreign directors and shareholders must submit a notarized copy of their ID. We explain how to obtain a document that will pass the requirements
2 min read
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!
1 min read
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!
1 min read
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 min read
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 min read
Big Ben, Victoria Peak, and $3 Million
Osome announced a $3 million financing led by Target Global. The new investment will help expand its technology platform to the UK and Hong Kong, and already started testing these markets.
2 min read
Big Ben, Victoria Peak, and $3 Million
Osome announced a $3 million financing led by Target Global. The new investment will help expand its technology platform to the UK and Hong Kong, and already started testing these markets.
2 min read
Osome achieves Xero Platinum status in 3 months
Xero, the global small business platform, awarded Osome with a platinum partner status. This is the highest level of recognition that Xero offers to their counterparts, with only 3 other companies in Singapore holding the title.
2 min read
Osome Becomes Xero Platinum Partner in Just 3 Months
Xero, the global small business platform, awarded Osome with a platinum partner status. This is the highest level of recognition that Xero offers to their counterparts, with only 3 other companies in Singapore holding the title.
2 min read
Traditional Banks vs. Neobanks: Whose Business Account Suits You Best
The so-called neobanks offer online banking, and they are affordable. So is opening a business account with a neobank a good idea? How is it different from turning to a regular bank? Let’s find out
5 min read
Book Value
2 min read
