sg

A collection of 24 posts

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Incorporation

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.

6 min read
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Osome

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.

1 min read
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Secretary

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

2 min read
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Accounting

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.

2 min read
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Incorporation

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.

2 min read
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Incorporation

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.

4 min read
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Incorporation

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.

3 min read
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Accounting

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.

4 min read
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Incorporation

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.

4 min read
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Accounting

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.

4 min read
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Incorporation

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.

4 min read
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Incorporation

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

2 min read
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Secretary

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.

4 min read
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Dormant

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.

3 min read
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Accounting

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.

4 min read
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Incorporation

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.

4 min read
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Secretary

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.

3 min read
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Secretary

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.

2 min read
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Accounting

3 Minute Guide to Singapore Tax

Singapore is famous for its attractive corporate tax rates. We explain how it works in a snapshot.

2 min read
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Accounting

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.

3 min read
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Incorporation

Bonanza: A Deal to End All Deals

The Nominee is cheaper, the Secretary is unlimited, and the deposit is gone

1 min read
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Accounting

What Taxes Do Indian Entrepreneurs Pay in Singapore?

A guide to Singapore corporate taxes and exemptions for foreign business owners

4 min read
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Incorporation

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.

3 min read
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Incorporation

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.

4 min read