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E-commerce

How Does Fulfillment and Storage Impact Your Bottom Line?
E-commerce

How Does Fulfillment and Storage Impact Your Bottom Line?

So, you have reached a turning point in your company’s growth and feel like you need to focus more on order processing and fulfillment. That’s great because that will allow you to grow your sales.

An E-Commerce Seller's Introduction to Currency Risk
E-commerce

An E-Commerce Seller's Introduction to Currency Risk

If you trade in a stronger currency, you will have to pay more for fewer items, which can squeeze your profit margins and make competing with other businesses difficult for you. It can also affect your ability to make profitable investment opportunities.

This is How Amazon's Supply Chain Works
E-commerce

This is How Amazon's Supply Chain Works

In order for Amazon to run at full capacity, a wide range of functions must work together. Because of this, Amazon's supply chain plays such an important role in its success and operation.

A Guide to Choosing Your E-commerce Store Name
E-commerce

A Guide to Choosing Your E-commerce Store Name

Choosing a good brand name once you have registered your company is important for an e-commerce business store because it will grow to be the brand that users identify with.

How To Choose the Perfect Domain Name for E-commerce
E-commerce

How To Choose the Perfect Domain Name for E-commerce

A domain name is an identity and at the same time, the address for customers to get to e-commerce businesses’ stores online. Thus, choosing the perfect domain name is important for your e-commerce business.

Make, Manufacture, Wholesale or Dropship: 4 Business Models for E-commerce To Consider
E-commerce

Make, Manufacture, Wholesale or Dropship: 4 Business Models for E-commerce To Consider

As an online business owner, you will have to face many choices. Apart from the products you intend to sell, you will also have to make your biggest business decision when it comes to the ideal business model to pursue.

The Ultimate List of Best Banks for E-commerce Businesses in Singapore
Entrepreneur's Bootcamp

The Ultimate List of Best Banks for E-commerce Businesses in Singapore

E-commerce has advanced so rapidly that not all banks can keep pace. Choosing the right bank will help you succeed in your business and grow.

The Guide to Tax Deductions: Expenses You Can Write Off
E-commerce

The Guide to Tax Deductions: Expenses You Can Write Off

In this article, we will go through what kind of business models will require you to pay tax, what counts as business expenses, what tax exemptions mean, and how to claim exemptions.

Your New Entrepreneur’s Guide to Selling on Lazada, Qoo10, Carousell and Shopee
E-commerce

Your New Entrepreneur’s Guide to Selling on Lazada, Qoo10, Carousell and Shopee

Today, we will go through the four biggest E-commerce platforms in Singapore - Lazada, Qoo10, Carousell and Shopee, to see how you can make full use of their platform to kickstart your business.

A New Entrepreneur's Guide to Selling on Amazon
E-commerce

A New Entrepreneur's Guide to Selling on Amazon

Sell on Amazon, the world's biggest e-tailer, and break into the Hong Kong market.

Q&A on Paying Taxes as International Seller on Amazon.sg
E-commerce

Q&A on Paying Taxes as International Seller on Amazon.sg

Planning to sell your products to Singapore on Amazon.sg as an international seller? Many sellers are often confused about the tax liability on their sales online. Every country has its own set of tax regulations and tax rules are always changing.

3 Ways the Pandemic Affected Southeast Asia’s Online Shopping Behaviour in 2020
E-commerce

3 Ways the Pandemic Affected Southeast Asia’s Online Shopping Behaviour in 2020

Digitalisation evolved rapidly in Southeast Asia with a global pandemic turbocharging it to a massive step forward in the e-commerce industry.

Foreigner’s Guides

A Guide to Income Tax for Foreign Company Owners and Directors in Singapore
Tax

A Guide to Income Tax for Foreign Company Owners and Directors in Singapore

This article is for you if you want to know whether you have to pay tax in Singapore on your own salary and are a foreign company owner

How to Apply and Become Permanent Resident in Singapore
Foreigner's guide

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.

Guide to Setting Up an Offshore Company in Singapore
Foreigner's guide

Guide to Setting Up an Offshore Company in Singapore

Get to know the popular industries offshore companies open in, how to register for one, and what taxes you’d need to pay.

The Definitive Guide to Opening a Representative Office in Singapore
Foreigner's guide

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.

A Foreigner’s Guide To Setting Up a Company in Singapore From Hong Kong Within an Hour
Foreigner's guide

A Foreigner’s Guide To Setting Up a Company in Singapore From Hong Kong Within an Hour

We guide you on what you need to get your business in Singapore registered from Hong Kong. No plane ride needed.

Renting Your First Office Space in Singapore: a Step-by-Step Guide
Entrepreneur's Bootcamp

Renting Your First Office Space in Singapore: a Step-by-Step Guide

No matter what you want to lease, be it a coworking or traditional office space, there are some universal tips for both. We will help you draw up a plan and avoid some pitfalls. A calculator is included!

Why Become a Singapore Citizen?
Foreigner's guide

Why Become a Singapore Citizen?

For those who have obtained a Permanent Resident (PR) status in Singapore, the next natural step would be to convert their PR into a Singaporean Citizenship (SC). A PR provides a person with clear advantages over a foreign citizen, but having citizenship takes these benefits a step further.

How to Become a Singapore Citizen?
Foreigner's guide

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 Emigrate to Singapore and Get Citizenship?
Immigration

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.

Will the New Laws Scare the Business Away from the British Virgin Islands?
Foreigner's guide

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 to Start a Business in Singapore from New Zealand?
Foreigner's guide

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.

What Taxes Do Australian Entrepreneurs Pay in Singapore?
Foreigner's guide

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.

Entrepreneur's Bootcamp

13 Best Co-Working Offices in Singapore
Entrepreneur's Bootcamp

13 Best Co-Working Offices in Singapore

Trying to beat the work-from-home slump? Give your productivity a much-needed booster at an amazing co-working space of your choice. From stunning views, amenities, to convenient central locations, you’d surely find a space to get your inspiration flowing.

10 Tips To Prepare For Fundraising From a Venture Capitalist
Entrepreneur's Bootcamp

10 Tips To Prepare For Fundraising From a Venture Capitalist

The most difficult part of starting your own business can be raising capital. For practical tips, we asked Jason Edwards of VentureCap Insight. He’s seen many startups ask for money from his experience as a venture capitalist.

11 Reasons to Choose Osome to Take Over Your Accounting
Accounting

11 Reasons to Choose Osome to Take Over Your Accounting

To get the best chance at success, entrepreneurs have to make sure they have the right partners around them when starting their own business. Here’s why we are the right partner for your accounting tasks.

The Ultimate List of Best Banks for E-commerce Businesses in Singapore
Entrepreneur's Bootcamp

The Ultimate List of Best Banks for E-commerce Businesses in Singapore

E-commerce has advanced so rapidly that not all banks can keep pace. Choosing the right bank will help you succeed in your business and grow.

The Only Guide You Need To Create Your First Invoice
Accounting

The Only Guide You Need To Create Your First Invoice

Simple invoices can help save time with all basic accounting details you require to bill clients for your work. Think of them as organised documents that are easy to understand and create.

New Business Owners' Guide to Reading Balance Sheets
Accounting

New Business Owners' Guide to Reading Balance Sheets

When it comes to managing your business, one of the most crucial financial statements is the balance sheet. We cannot emphasise how important it is to learn how to read a balance sheet to ensure your company's financial health.

5 Benefits of a Digital Business Account vs. Traditional Bank Account
Incorporation

5 Benefits of a Digital Business Account vs. Traditional Bank Account

In an increasingly digital world, the way we bank is changing. Digital banks are probably something you may have heard about while thinking of setting up your business in Singapore but wondering how they can help you run your business better.

Cofounders for Your Business: 4 Ways To Find Them
Entrepreneur's Bootcamp

Cofounders for Your Business: 4 Ways To Find Them

Sometimes you need someone to either help you improve and execute your great idea or to help you raise the capital you need before setting up a company. That is where the need for a cofounder arises. Here are 4 tips to find the right one.

A Survival Guide to Bookkeeping When You Have No Idea How To Do It
Entrepreneur's Bootcamp

A Survival Guide to Bookkeeping When You Have No Idea How To Do It

In short, bookkeeping is the process of recording, classifying, and organizing all financial transactions that happen within your business.

Growing Your Online Store with 5 Basic Accounting Tips
Entrepreneur's Bootcamp

Growing Your Online Store with 5 Basic Accounting Tips

Accurate accounting will boost profits for your online store. Here are five accounting basics to bolster your finances and grow your online store

A Guide to Issuing Share Certificates for Singapore Companies
Entrepreneur's Bootcamp

A Guide to Issuing Share Certificates for Singapore Companies

If you are starting a new company, you will need to issue a share certificate when your company is being incorporated. This article will go through the information you need to prepare this document.

Record Keeping Done Right
Entrepreneur's Bootcamp

Record Keeping Done Right

Record keeping in accounting is a process that most newly formed companies cannot ignore, but what is the most efficient way to approach this? Our partner, Navisteps has some advice for new companies.

This is How Amazon's Supply Chain Works
E-commerce

This is How Amazon's Supply Chain Works

In order for Amazon to run at full capacity, a wide range of functions must work together. Because of this, Amazon's supply chain plays such an important role in its success and operation.

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A Guide to Choosing Your E-commerce Store Name
E-commerce

A Guide to Choosing Your E-commerce Store Name

Choosing a good brand name once you have registered your company is important for an e-commerce business store because it will grow to be the brand that users identify with.

How To Choose the Perfect Domain Name for E-commerce
E-commerce

How To Choose the Perfect Domain Name for E-commerce

A domain name is an identity and at the same time, the address for customers to get to e-commerce businesses’ stores online. Thus, choosing the perfect domain name is important for your e-commerce business.

Why You Should Protect Yourself As You Build Your Business
Running My Business

Why You Should Protect Yourself As You Build Your Business

Despite the measures that the Government had implemented to assist in holding back retrenchments and offsetting employees’ wages, the pandemic and its impact are enduring. All the more reasons for you to get insurance now.

13 Best Co-Working Offices in Singapore
Entrepreneur's Bootcamp

13 Best Co-Working Offices in Singapore

Trying to beat the work-from-home slump? Give your productivity a much-needed booster at an amazing co-working space of your choice. From stunning views, amenities, to convenient central locations, you’d surely find a space to get your inspiration flowing.

How To Convert A Private Limited Company Into A Public Limited Company
Secretary

How To Convert A Private Limited Company Into A Public Limited Company

While the public limited company structure shares some similarities with the private limited company structure, its features make it more ideal for large businesses.

Understanding Customer Lifetime Value for Online Sellers
Running My Business

Understanding Customer Lifetime Value for Online Sellers

Once you establish a customer lifetime value, you'll realize that acquiring a new client is much more costly and time-consuming than selling to existing clients.

A Guide to Calculating Taxes for Freelancers and Self-Employed
Tax

A Guide to Calculating Taxes for Freelancers and Self-Employed

During tax season, it can get increasingly frustrating or confusing for freelancers and self-employed people as they are not clear about their tax obligations.

Retailers and Food Businesses To Get Government Support in Going Online
Running My Business

Retailers and Food Businesses To Get Government Support in Going Online

Food outlets and retail businesses in Singapore affected by COVID-19 Phase 2 (Heightened Alert) restrictions will get help to offset their F&B delivery costs and to sell on online platforms.

Make, Manufacture, Wholesale or Dropship: 4 Business Models for E-commerce To Consider
E-commerce

Make, Manufacture, Wholesale or Dropship: 4 Business Models for E-commerce To Consider

As an online business owner, you will have to face many choices. Apart from the products you intend to sell, you will also have to make your biggest business decision when it comes to the ideal business model to pursue.

10 Tips To Prepare For Fundraising From a Venture Capitalist
Entrepreneur's Bootcamp

10 Tips To Prepare For Fundraising From a Venture Capitalist

The most difficult part of starting your own business can be raising capital. For practical tips, we asked Jason Edwards of VentureCap Insight. He’s seen many startups ask for money from his experience as a venture capitalist.

11 Reasons to Choose Osome to Take Over Your Accounting
Accounting

11 Reasons to Choose Osome to Take Over Your Accounting

To get the best chance at success, entrepreneurs have to make sure they have the right partners around them when starting their own business. Here’s why we are the right partner for your accounting tasks.

The Ultimate List of Best Banks for E-commerce Businesses in Singapore
Entrepreneur's Bootcamp

The Ultimate List of Best Banks for E-commerce Businesses in Singapore

E-commerce has advanced so rapidly that not all banks can keep pace. Choosing the right bank will help you succeed in your business and grow.

The Only Guide You Need To Create Your First Invoice
Accounting

The Only Guide You Need To Create Your First Invoice

Simple invoices can help save time with all basic accounting details you require to bill clients for your work. Think of them as organised documents that are easy to understand and create.

New Business Owners' Guide to Reading Balance Sheets
Accounting

New Business Owners' Guide to Reading Balance Sheets

When it comes to managing your business, one of the most crucial financial statements is the balance sheet. We cannot emphasise how important it is to learn how to read a balance sheet to ensure your company's financial health.

The Guide to Tax Deductions: Expenses You Can Write Off
E-commerce

The Guide to Tax Deductions: Expenses You Can Write Off

In this article, we will go through what kind of business models will require you to pay tax, what counts as business expenses, what tax exemptions mean, and how to claim exemptions.

Filing Requirements to ACRA and IRAS: What All SG Companies Need To Know
Secretary

Filing Requirements to ACRA and IRAS: What All SG Companies Need To Know

Every year, Singapore companies are required to file their annual returns and tax returns to two government agencies – the Accounting Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS).

5 Benefits of a Digital Business Account vs. Traditional Bank Account
Incorporation

5 Benefits of a Digital Business Account vs. Traditional Bank Account

In an increasingly digital world, the way we bank is changing. Digital banks are probably something you may have heard about while thinking of setting up your business in Singapore but wondering how they can help you run your business better.

Your New Entrepreneur’s Guide to Selling on Lazada, Qoo10, Carousell and Shopee
E-commerce

Your New Entrepreneur’s Guide to Selling on Lazada, Qoo10, Carousell and Shopee

Today, we will go through the four biggest E-commerce platforms in Singapore - Lazada, Qoo10, Carousell and Shopee, to see how you can make full use of their platform to kickstart your business.

Calculating the Taxable Income of My Company
Tax

Calculating the Taxable Income of My Company

When it comes to tax season, it is crucial for you to understand which part of your business is taxable, so you can stay compliant with the law.

A New Entrepreneur's Guide to Selling on Amazon
E-commerce

A New Entrepreneur's Guide to Selling on Amazon

Sell on Amazon, the world's biggest e-tailer, and break into the Hong Kong market.

Q&A on Paying Taxes as International Seller on Amazon.sg
E-commerce

Q&A on Paying Taxes as International Seller on Amazon.sg

Planning to sell your products to Singapore on Amazon.sg as an international seller? Many sellers are often confused about the tax liability on their sales online. Every country has its own set of tax regulations and tax rules are always changing.

How To Avoid Double Taxation in Singapore
Tax

How To Avoid Double Taxation in Singapore

If you are a tax resident of Singapore, have set up businesses beyond Singapore and have paid taxes in other countries, how would your income be taxed? Double check if your income is double taxed.

How To Set Up a Singapore Holding Company From Indonesia for Fundraising
Incorporation

How To Set Up a Singapore Holding Company From Indonesia for Fundraising

One of the most common fundraising strategies for startups, especially in Indonesia, is to set up a Singapore holding company. But how exactly do you set up a holding company abroad?

Going Beyond The Borders Digitally: From Setting Up To Selling Out
Incorporation

Going Beyond The Borders Digitally: From Setting Up To Selling Out

We had three experts in tax, sales, and law present the webinar on how small business owners in Singapore and Indonesia can set up companies, digitize their business processes, and reach out to new customers.

Cofounders for Your Business: 4 Ways To Find Them
Entrepreneur's Bootcamp

Cofounders for Your Business: 4 Ways To Find Them

Sometimes you need someone to either help you improve and execute your great idea or to help you raise the capital you need before setting up a company. That is where the need for a cofounder arises. Here are 4 tips to find the right one.

3 Ways the Pandemic Affected Southeast Asia’s Online Shopping Behaviour in 2020
E-commerce

3 Ways the Pandemic Affected Southeast Asia’s Online Shopping Behaviour in 2020

Digitalisation evolved rapidly in Southeast Asia with a global pandemic turbocharging it to a massive step forward in the e-commerce industry.

5 Tips from Entrepreneurs on Scaling Your Business Across Closed Borders
Running My Business

5 Tips from Entrepreneurs on Scaling Your Business Across Closed Borders

In times of this unprecedented economic situation, how can SMEs adjust to become a global player? Several Singapore-based entrepreneurs will discuss the major points of scaling up their companies, and how to survive and thrive today.

A Survival Guide to Bookkeeping When You Have No Idea How To Do It
Entrepreneur's Bootcamp

A Survival Guide to Bookkeeping When You Have No Idea How To Do It

In short, bookkeeping is the process of recording, classifying, and organizing all financial transactions that happen within your business.

Growing Your Online Store with 5 Basic Accounting Tips
Entrepreneur's Bootcamp

Growing Your Online Store with 5 Basic Accounting Tips

Accurate accounting will boost profits for your online store. Here are five accounting basics to bolster your finances and grow your online store

E-commerce Store Bookkeeping Tips
E-commerce

E-commerce Store Bookkeeping Tips

Essentially, bookkeeping helps you balance your accounts so you can improve business cash flow.

Penalties for Not Filing These 5 Documents on Time
Compliance

Penalties for Not Filing These 5 Documents on Time

There are penalties that a company must pay if any of the information or documents are not given to ACRA or IRAS as a company.

Starting an E-commerce Business From Home: What You Need
E-commerce

Starting an E-commerce Business From Home: What You Need

How can I start a business from the comfort of my home? In this article, we explore how to take the digital and e-commerce route.

The No-Nonsense Guide To Start an Online T-shirt Business
E-commerce

The No-Nonsense Guide To Start an Online T-shirt Business

E-commerce is the way to go, with increasingly more people doing their shopping online instead of in physical shops. Here’s a quick guide for you to start one selling t-shirts.

New MOM Law: Dependant Pass Holders To Apply for Work Passes From May 1 2021
Immigration

New MOM Law: Dependant Pass Holders To Apply for Work Passes From May 1 2021

Foreigners with Dependent’s Passes will be required to apply for a work pass from May 1 and will no longer have the option to work with a letter of consent. Read what this means for you as an employer.

How To Effectively Sell on Carousell
E-commerce

How To Effectively Sell on Carousell

Here are 10 Carousell selling tips to help you stand out from the clutter and sell on Carousell.

4 Ways the Singapore Budget 2021 Supports Small Businesses
Running My Business

4 Ways the Singapore Budget 2021 Supports Small Businesses

With Budget 2021, the Singapore government has put in place new initiatives and measures to help you develop new potential, deal with short-term problems, and embrace the future for long-term growth. Here’s how the Singapore Budget 2021 can help you according to your business needs.

Is E-commerce Accounting Different From Other Types of Accounting?
E-commerce

Is E-commerce Accounting Different From Other Types of Accounting?

Keeping an eye on your business's financial health is crucial. But is e-commerce accounting any different from accounting for other businesses?

Why E-commerce Entrepreneurs Should Prioritise Cash Flow over Profit
E-commerce

Why E-commerce Entrepreneurs Should Prioritise Cash Flow over Profit

As an e-commerce business owner, you might find yourself constantly worrying about bringing in profit and neglecting the importance of cash flow in the process. Find out the difference between profit and cash flow.

Statistics on 2021 E-Commerce Landscape in Singapore
E-commerce

Statistics on 2021 E-Commerce Landscape in Singapore

E-commerce now accounts for more than one quarter of all retail sales in the UK. This number is expected to steadily increase in the years ahead, and would reach nearly one-third of all retail sales by 2024.

Do Your Employees Working Remotely Overseas Have to File Income Tax in Singapore?
Tax

Do Your Employees Working Remotely Overseas Have to File Income Tax in Singapore?

What happens if your foreign employee was on a short-term business trip to Singapore and is unable to return to their resident country? Let’s find out.

A Complete Guide to Filing Estimated Chargeable Income
Tax

A Complete Guide to Filing Estimated Chargeable Income

Starting YA 2020 all companies in Singapore need to file ECI. There are some exceptions, find out if you have to file.

A Guide to Issuing Share Certificates for Singapore Companies
Entrepreneur's Bootcamp

A Guide to Issuing Share Certificates for Singapore Companies

If you are starting a new company, you will need to issue a share certificate when your company is being incorporated. This article will go through the information you need to prepare this document.

Dates and Events to Use in Your 2021 E-commerce Sales Campaigns
E-commerce

Dates and Events to Use in Your 2021 E-commerce Sales Campaigns

Singaporeans spent an average of S$113 online from January to June 2020, driven mostly by high-value shoppers. Find out which dates they do more shopping on.

7 Best Platforms for E-Commerce Entrepreneurs to Sell
E-commerce

7 Best Platforms for E-Commerce Entrepreneurs to Sell

You do not need to spend much time, money, or have much know-how to build your online stores from scratch. Most of the time, the best and fastest option is to sign up with established e-commerce platforms. Here are some of them.

How to Manage Expenses When You Have a Remote Workforce
Running My Business

How to Manage Expenses When You Have a Remote Workforce

One issue a company faces with a team working from home is also managing the company’s budgets. Employees find it hard to access a company's funds while the finance team finds it difficult to administer these expenses.

A Guide to Income Tax for Foreign Company Owners and Directors in Singapore
Tax

A Guide to Income Tax for Foreign Company Owners and Directors in Singapore

This article is for you if you want to know whether you have to pay tax in Singapore on your own salary and are a foreign company owner

A Guide to Setting Up a Holding Company
Incorporation

A Guide to Setting Up a Holding Company

A holding company is an ‘umbrella’ or ‘parent’ company which does not provide products or services like a normal company. That’s what makes it relatively easier to set up a holding company virtually anywhere in the world.

Record Keeping Done Right
Entrepreneur's Bootcamp

Record Keeping Done Right

Record keeping in accounting is a process that most newly formed companies cannot ignore, but what is the most efficient way to approach this? Our partner, Navisteps has some advice for new companies.

Choosing a Financial Year End Date for My Singapore Company
Secretary

Choosing a Financial Year End Date for My Singapore Company

When you incorporate, you need to choose your financial year end date which determines when your corporate filings and taxes are due. Read on to find out how to choose the date for your company.

7 Steps To Keep Invoices Organised for Small Business Accounting
Accounting

7 Steps To Keep Invoices Organised for Small Business Accounting

Managing business finances might be challenging. Staying on top of your invoices and receipts will help you stay on top of your finances. We take you through 7 steps that will help keep you organised.

9 Ways You Can Protect Your Businesses
Running My Business

9 Ways You Can Protect Your Businesses

Our partner Finaqe advises on what SMEs can look at to protect their business better in order to grow. From trade factoring to business insurance, find out how else you can better protect your business.

COVID-19 Support: Longer Instalment Plans for Corporate Income Tax in 2021
Tax

COVID-19 Support: Longer Instalment Plans for Corporate Income Tax in 2021

If your business has been affected by the coronavirus (COVID-19), the Inland Revenue Authority of Singapore (IRAS) has introduced a series of support measures to alleviate cash flow woes of businesses and individuals. Find out more.

A Guide to Tax Regulations for E-commerce Businesses in Singapore
E-commerce

A Guide to Tax Regulations for E-commerce Businesses in Singapore

Starting an e-commerce business involves transactions that are multi-jurisdictional in nature and multiple anonymous parties. In this article, we have put together information about Singapore’s tax regulations that will help you to run your e-commerce business smoothly.

A Guide to Tax Evasion Penalties in Singapore
Tax

A Guide to Tax Evasion Penalties in Singapore

In Singapore, tax evasion or fraud is considered a criminal offence that is punishable by law. Have you ever wondered what the consequences of tax evasion are?

6 Reasons to Register Your Offshore Company in Singapore
Incorporation

6 Reasons to Register Your Offshore Company in Singapore

Singapore is one of the best countries in the world to incorporate an offshore company due to its strategic location, highly-skilled workforce and pro-business environment, making it ideal for entrepreneurs seeking to venture into the sizable Southeast Asian market.

How to Apply and Become Permanent Resident in Singapore
Foreigner's guide

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.

Should You Get a Directors and Officers Insurance to Protect Your Directors?
Running My Business

Should You Get a Directors and Officers Insurance to Protect Your Directors?

As a founder of a company or someone who makes management decisions for the company, you should know that your personal assets are at risk if you were to be named in a lawsuit. Would this D&O Insurance help?

Osome Wins Singapore Partner of the Year at Xero Asia Awards
News

Osome Wins Singapore Partner of the Year at Xero Asia Awards

A confirmation of Osome’s commitment at innovation and customer service, this is simply a great way to end 2020. Find out more on how and why we won.

Tech.Pass: What Tech Entrepreneurs Need to Know about this latest Work Pass in SG
Immigration

Tech.Pass: What Tech Entrepreneurs Need to Know about this latest Work Pass in SG

A new work pass dedicated to foreign technological experts has been introduced in Singapore to enable “the movers and shakers of the tech world” to bring in their expertise and create disruptive innovation.

A Guide to Central Provident Fund (CPF) for New Employers
Entrepreneur's Bootcamp

A Guide to Central Provident Fund (CPF) for New Employers

When you set up your company in Singapore, you will have to eventually hire to grow your business. As an employer, legal obligation to contribute to the Central Provident Fund (CPF) of staff who are Singapore citizens or Permanent Residents. Find out what exactly you need to know to stay compliant.

Skills Development Levy: How Much Must Employers Pay on Their Staff?
Running My Business

Skills Development Levy: How Much Must Employers Pay on Their Staff?

This article will elaborate on this less well known statutory fund that all employers need to pay on each staff they have. Find out how to pay it and more in this article.

Hiring Foreign Talent: The Difference Between an Employment Pass and S Pass
Running My Business

Hiring Foreign Talent: The Difference Between an Employment Pass and S Pass

Once you’ve registered your company in Singapore, and start looking to expand your operations. You might want to hire talent from overseas. Find out the difference between S-Pass and Employment so you can hire correctly and stay compliant.

A Guide to Setting Up a Special Purpose Vehicle Entity
Incorporation

A Guide to Setting Up a Special Purpose Vehicle Entity

In the last few years, it has been getting really popular for startups to create a SPV to help with the company financing, to attract investors to invest funds and receive equity when investing in the startup. Find out how to get one set up.

Filing Financial Statements: Does My Company Need to Do This?
Accounting

Filing Financial Statements: Does My Company Need to Do This?

The general rule is that it’s always good to prepare your financial statements but do you have to file them with ACRA too? Find out in this article.

From CPF to GST: Things to Check as Your Business Grows
Running My Business

From CPF to GST: Things to Check as Your Business Grows

Companies who are growing will find that they have many administrative things to do too such as calculating Skills Development Levy (SDL) and CPF Registration.

Checklist for Starting an E-commerce Business in Singapore
Entrepreneur's Bootcamp

Checklist for Starting an E-commerce Business in Singapore

There are a lot of opportunities in the region with an e-commerce business. Find out how to start your own company officially with this article.

Osome Raises US$3m in Funding from XA Network and AltaIR Capital
News

Osome Raises US$3m in Funding from XA Network and AltaIR Capital

The accounting and corporate compliance super app will use funds to further develop its engineering, product development, and marketing.

Guide to Setting Up an Offshore Company in Singapore
Foreigner's guide

Guide to Setting Up an Offshore Company in Singapore

Get to know the popular industries offshore companies open in, how to register for one, and what taxes you’d need to pay.

What To Tell Investors So They Will Fund Your Startup
Running My Business

What To Tell Investors So They Will Fund Your Startup

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.

When Should a Freelancer Register a Private Limited Company?
Entrepreneur's Bootcamp

When Should a Freelancer Register a Private Limited Company?

When you’re ready to grow to the next stage of your business, you might be wondering what to do next. Read on.

What Is the Know Your Customer (KYC) Process All About?
Entrepreneur's Bootcamp

What Is the Know Your Customer (KYC) Process All About?

Get to know about this important step and what documents to provide to help your corporate service provider incorporate your company quicker.

Filing Financial Statements in XBRL: Does My Company Need to Do This?
Running My Business

Filing Financial Statements in XBRL: Does My Company Need to Do This?

Not all incorporated companies have to file financial statements. Not all need to file in the Full or Simple XBRL template. Find out if you have to

Minimum Salary Raised for Employment Pass and S Pass in Sep & Dec 2020
Running My Business

Minimum Salary Raised for Employment Pass and S Pass in Sep & Dec 2020

Find out what an Employment Pass is, what an S Pass is, and what are the new rules to get one for your company’s staff

What’s Next After Incorporation? 12 Things To Do
Entrepreneur's Bootcamp

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.

A Guide to Setting Up an Import and Export Company
Entrepreneur's Bootcamp

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.

What Does the Electronic Transactions Act Mean for Entrepreneurs?
Accounting

What Does the Electronic Transactions Act Mean 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.

How Small Companies Can Qualify for Audit Exemptions
Accounting

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.

Choosing a Virtual Office Service for My Company
Entrepreneur's Bootcamp

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.

5 Steps to Starting Your Own Recruitment Business
Entrepreneur's Bootcamp

5 Steps to Starting Your Own Recruitment Business

Did you know that after incorporating your company, there are licences and security deposits to make to set up an employment agency? Read on.

PDPA & GDPR: Does My Company Need to Comply?
Entrepreneur's Bootcamp

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.

Setting Up a Company: How to Prepare Your Company Constitution
Entrepreneur's Bootcamp

Setting Up a Company: How to Prepare Your Company Constitution

This document is part of a legal requirement in your company’s incorporation process. Find out how to draft one.

Is Remitting through Banks the Best Way to Transfer Money?
Running My Business

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.

Appointing a Company Director: Things to Know
Entrepreneur's Bootcamp

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.

The Definitive Guide to Opening a Representative Office in Singapore
Foreigner's guide

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.

A Foreigner’s Guide To Setting Up a Company in Singapore From Hong Kong Within an Hour
Foreigner's guide

A Foreigner’s Guide To Setting Up a Company in Singapore From Hong Kong Within an Hour

We guide you on what you need to get your business in Singapore registered from Hong Kong. No plane ride needed.

All You Need to Know About Appointing a Data Protection Officer For Your Company
Running My Business

All You Need to Know About Appointing a Data Protection Officer For Your Company

Are you ready to select a Data Protection Officer to comply with Singapore’s Personal Data Protection Act? We’ll take you through the importance of choosing one, and tips to select the best person for the job.

How Entrepreneurs in Singapore can Pay Less Tax Legally
Running My Business

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.

How Singapore Will Support Your Business during the Pandemic
Entrepreneur's Bootcamp

How Singapore Will Support Your Business during the Pandemic

The Resilience Budget measures will help local companies survive: up to 25% of the salaries'll get co-funded, tax payments are called off and loans are secured. Read on for details

Renting Your First Office Space in Singapore: a Step-by-Step Guide
Entrepreneur's Bootcamp

Renting Your First Office Space in Singapore: a Step-by-Step Guide

No matter what you want to lease, be it a coworking or traditional office space, there are some universal tips for both. We will help you draw up a plan and avoid some pitfalls. A calculator is included!

How Does Transfer Pricing Work in Singapore?
Tax

How Does Transfer Pricing Work in Singapore?

Affiliated businesses often trade on preferential conditions and thus pay less tax. To prevent that, countries developed a system to control the “family business” — the transfer pricing rules. Let’s see how they influence the prices you set, how to play by these rules and what documents to prepare.

Understanding Singapore  Business Insurance
Entrepreneur's Bootcamp

Understanding Singapore Business Insurance

Business is fraught with dangers, and all dangers, from fires to lawsuits, can lead to a financial disaster. You can’t guarantee bad things won’t happen to you, but you can minimize the damage — with the right insurance policy.

Osome Ranks on Singapore’s Top 4 Platinum Partners of Xero
News

Osome Ranks on Singapore’s Top 4 Platinum Partners of Xero

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.

One-Stop for E-govt Services in Singapore: Why Register for CorpPass
Entrepreneur's Bootcamp

One-Stop for E-govt Services in Singapore: Why Register for CorpPass

CorpPass is a one-stop authentification platform that helps your business interact with the authorities. We explain what the use of it is, who must sign up for CorpPass, and how to register

3 Сases When It Makes Sense To Register for GST Voluntarily and 1 Case When It Doesn’t
Accounting

3 Сases When It Makes Sense To Register for GST Voluntarily and 1 Case When It Doesn’t

You don't have to register for GST until your revenue is above S$1M. However, you can choose to register earlier as sometimes it can hep you save money. Let's see how it works!

The Wage Credit Scheme (WCS)
Entrepreneur's Bootcamp

The Wage Credit Scheme (WCS)

Singapore encourages employers to pay more in wages by co-funding the pay raises. Learn how you and your team can benefit from it and how the financial aid works. Calculations included!

What Is a Register of Controllers and Why Singapore Companies Now Have To Submit This Document
Secretary

What Is a Register of Controllers and Why Singapore Companies Now Have To Submit This Document

In April 2020, Singapore businesses will have to submit the Register for Registrable Controllers to ACRA. Before, your company was only obliged to maintain it internally. Now you will have to file the Register with ACRA electronically and maintain it updated at all times.

New GST Rules to Kick off in January 2020
Running My Business

New GST Rules to Kick off in January 2020

Beginning January 1, 2020, all Singapore companies will be charged 7% GST on the services they buy online from foreign-based providers. We explain what to do about it and how to pay the tax. Spoiler: if you are GST-registered, you will have some paperwork to do.

How to Register a Trade Mark in Singapore and Beyond
Running My Business

How to Register a Trade Mark in Singapore and Beyond

Registering a trade mark can be tricky. Here’s a step-by-step guide with some insights for you to make sense of the process. Bonus track: we explain how to register in Singapore and get international trade mark protection right away

Industry-Specific Corporate Tax Incentives
Tax

Industry-Specific Corporate Tax Incentives

Trading, banking or just innovative idea — all of this might be granted a corporate tax incentive in Singapore. Osome outlines what tax reliefs and reductions for business Singapore has to offer.

How Singapore Working Mothers Pay Less Tax Thanks to Child Relief
Tax

How Singapore Working Mothers Pay Less Tax Thanks to Child Relief

If you’re a working mother earning a taxable income in Singapore, it’s likely you qualify for Working Mother’s Child Relief (WMCR). Read on to find out a bit more about this personal tax relief programme and its benefits.

Withholding Tax in Singapore
Tax

Withholding Tax in Singapore

Transferring money to a non-resident of Singapore will, in most cases, make you pay withholding tax on it. Osome covers who is seen as a non-resident, how to reduce the tax and what the due date is.

How Charity Can Help Your Tax Bill: Charitable Deductions in Singapore
Running My Business

How Charity Can Help Your Tax Bill: Charitable Deductions in Singapore

In Singapore, the “giving is receiving” principle is brought to the level of national policy: one can make a donation to a charity and claim a tax deduction — for every dollar spent you’ll be deducted 2.5 dollars off your taxable income. How cool is that?

Silicon Valley, Meet Singapore
News

Silicon Valley, Meet Singapore

Osome forms a strategic partnership with venture firm and seed accelerator, 500 Startups, by joining their Global Launch initiative. The programme, supported by Enterprise Singapore, will see exceptional startups from around the world plan and execute expansion into Singapore in 2020.

Singapore Corporate Income Tax: Rates, System, Reliefs
Tax

Singapore Corporate Income Tax: Rates, System, Reliefs

You make a profit — you pay a corporate income tax. We tell what the current tax rate is, how to reduce the sum you pay and do the counting.

Osome Shines Bright in IMDA SG:D Spark Programme
News

Osome Shines Bright in IMDA SG:D Spark Programme

SG:D Spark Programme by Infocomm Media Development Authority of Singapore (IMDA) will simplify access to various grants and allow Osome to pitch to reference customers, leveraging government demand.

What Is a Trade Mark in Singapore?
Running My Business

What Is a Trade Mark in Singapore?

Having a nice design is not enough to make a company legally distinctive among competitors. Let’s clarify what a trade mark can be, when a company needs it, how to transform a trade mark into a valuable asset and how to use it.

How to Verify a Company in Singapore
Running My Business

How to Verify a Company in Singapore

When you find a new partner or a new client, you may want to check the counterparty's reliability. Luckily, there’s a tool to verify companies that small and medium-sized businesses can use for free. Let’s take a closer look at it.

XBRL and Tax Filing in Singapore: An Introduction
Accounting

XBRL and Tax Filing in Singapore: An Introduction

XBRL is a language used to standardise the way that companies in Singapore file their tax statements online. Take a read to get to know a bit more about XBRL tax filing requirements.

Opening a company and bank account on the same day? Easy!
News

Opening a company and bank account on the same day? Easy!

OCBC Bank has partnered up with Osome to co-design a revolutionary service for the Singapore market: same-day incorporation and instant business account opening.

$3 Million Raised To Expand Osome in the UK and Hong Kong
News

$3 Million Raised To Expand Osome in the UK and Hong Kong

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.

DIN It: IRAS Document Identification Number Explained
Accounting

DIN It: IRAS Document Identification Number Explained

A Document Identification Number (DIN) is what you come across when you file your income tax to IRAS. We cover what it is and how to get one.

IR8A: Income Info on Your Employees
Payroll

IR8A: Income Info on Your Employees

In Singapore, employers gather information about their employees’ earnings and submit it to IRAS. That is what IR8A and some other forms are about. Let’s have a closer look

Singapore Personal Income Tax Rates 2021 & How They Work
Tax

Singapore Personal Income Tax Rates 2021 & How They Work

We break down Singapore income tax rates and how they apply to foreigners and locals. We will do some counting, so grab your calculators and let’s go!

When Do Companies Pay Capital Gains Tax in Singapore?
Tax

When Do Companies Pay Capital Gains Tax in Singapore?

Capital Gains Tax (CGT) is the money you are to pay to the state when selling something valuable with profit. Singapore does not tax capital gains — in most cases. If you suspect that your situation might be an exception, read on.

What You Need to Know About Singapore Accounting Standards
Accounting

What You Need to Know About Singapore Accounting Standards

We explain what the international framework for financial reporting is all about and help you understand which of the standards apply to your particular company.

Why Become a Singapore Citizen?
Foreigner's guide

Why Become a Singapore Citizen?

For those who have obtained a Permanent Resident (PR) status in Singapore, the next natural step would be to convert their PR into a Singaporean Citizenship (SC). A PR provides a person with clear advantages over a foreign citizen, but having citizenship takes these benefits a step further.

How to Get a Government Grant for a Small Business or Startup
Entrepreneur's Bootcamp

How to Get a Government Grant for a Small Business or Startup

Planning to incorporate your business in Singapore? Already running a business? Grants can be of a great help. Learn what grants you can get, and how to improve your chances.

Angels and Ventures in Singapore: Who to Pitch Your Startup Right Now
Growth

Angels and Ventures in Singapore: Who to Pitch Your Startup Right Now

If you’re an early-stage startup looking for venture capital, Singapore is the place to go. Here is a list of top venture capital firms and angel investors in Singapore to look for early-stage startup fundraising and memo on how to choose the right investors.

All You Need to Know About IRAS (Inland Revenue Authority of Singapore)
Running My Business

All You Need to Know About IRAS (Inland Revenue Authority of Singapore)

Top Singaporean tax body — Inland Revenue Authority (or IRAS) deals with collecting taxes and helping out the government with any tax matters. Osome guides you through its functions and structure.

How Electronic Signatures Work in Singapore
Running My Business

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.

Osome Has Gained Gold Partner Status with Xero
News

Osome Has Gained Gold Partner Status with Xero

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
News

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?
Running My Business

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?
Foreigner's guide

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 Emigrate to Singapore and Get Citizenship?
Immigration

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
Entrepreneur's Bootcamp

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
News

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?
Foreigner's guide

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?
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

Goods and Services Tax (GST) in Singapore: What Is It and How It Works?
Accounting

Goods and Services Tax (GST) in Singapore: What Is It and How It Works?

Once your company has generated over S$1 million in revenue within a year, you need to register for GST. We look into the process and the requirements.

How to Report About Your Business Activity Type
Secretary

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?
Foreigner's guide

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.

Osome Now Has 1,000 Clients
News

Osome Now Has 1,000 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?
Entrepreneur's Bootcamp

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?
Foreigner's guide

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?
Foreigner's guide

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?
Tax

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?
Foreigner's guide

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
News

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
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.

What is a Dormant Company and How to Apply for It?
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.

What Taxes Do Malaysian Entrepreneurs Pay in Singapore?
Foreigner's guide

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?
Foreigner's guide

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?
Foreigner's guide

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?
Entrepreneur's Bootcamp

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
Entrepreneur's Bootcamp

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?
Entrepreneur's Bootcamp

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
Tax

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
News

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?
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.

Bonanza: A Deal to End All Deals
News

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
News

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?
Foreigner's guide

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?
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.

How to Start a Business in Singapore from Malaysia?
Foreigner's guide

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?
Accounting

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?
Incorporation

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?
Entrepreneur's Bootcamp

What are Company Secretary Job Responsibilities?

A Corporate Secretary is an officer of the company responsible for internal compliance and all necessary documents required by law. Once you’ve set up a company, you have 6 months to find

How to Start a Business in Singapore from India?
Foreigner's guide

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?
Foreigner's guide

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?
Foreigner's guide

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 a Sole Proprietorship into a Private Limited Company in Singapore?
Entrepreneur's Bootcamp

How and Why Can I Convert a Sole Proprietorship into a Private Limited Company in Singapore?

It makes sense to convert when you see that your business is doing very well. A Sole Proprietorship is a great way to test ideas. Once you know you’re going to stick

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