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In Singapore, Work Permit cancellation is an important process that foreign workers or Singapore expats have to go through. In a nutshell, you are required to cancel a Work Permit when you are no longer in your existing employment, or when the Work Permit expires. Once the Work Permit has been cancelled, you will have to cut the Work Permit in half, and discard it so that it will not be misused. 

In this guide, we cover everything you need to know about Work Permit Cancellation in Singapore.

If you're a foreign national but wish to stay in Singapore for over 30 days, you will have to obtain a Long-Term Visit Pass (LVTP).

With an LTVP, you can stay in Singapore for a period of up to two years, and the pass can be renewed for subsequent periods. The LTVP is different from other types of visas in Singapore, such as the Employment Pass, which is issued to foreign professionals, managers, and executives who are employed by Singapore companies; or the Student Pass, which is issued to foreign students who wish to study in Singapore. 

In a nutshell, the LTVP is specifically designed for those who wish to stay in Singapore for a longer period of time without having to apply for a new visa every few months. 

What You Need To Know About Singapore’s GST Rate Change in 2023

Energy is one of the highest costs of running a business. So it’s no surprise that the rising cost of energy and fuel is one of the most significant challenges for small businesses these days.

While the increase in energy prices will affect everyone, that does not mean that you can’t do anything to handle the effects. Here’s everything you need to know about rising energy costs and what you can do about it.

How To Interview a New Employee

Cryptocurrency has gained popularity in recent years, with its usage dramatically increasing. With the rise in cryptocurrency buyers, companies and merchants are also increasingly offering cryptocurrency as a mode of payment.

Some companies tout cryptocurrency as the future of finance. For instance, companies including Square, MicroStrategy, and Tesla have been adding cryptocurrencies such as Bitcoin to their balance sheets.

In this digital age, it seems like cryptocurrency is here to stay. However, cryptocurrency accounting is tricky since it does not fall within <a href="/sg/guides/what-is-financial-reporting/">financial reporting</a> frameworks in Singapore. Fret not – read on for our guide on how you can determine the correct accounting treatment for your cryptocurrency transactions.

Letting an employee go is never easy, but it’s an inevitable part of <a href="/sg/guides/company-registration-in-singapore/">registering a company</a>. No matter what, though, you can still keep things cordial.

Regardless of whether you are terminating an employee due to poor performance or financial reasons, a termination letter is needed as a formal document to inform an employee of their dismissal. 

To conduct the termination process professionally, read on to find out more about how you can write an employee termination letter.

Ecommerce Sales Dates To Plan For in 2022

Although Amazon is a relatively new player in the Singapore marketplace, it’s been ranked as one of the most reputable companies in the world. It can be hugely advantageous to small and medium-sized enterprises looking to grow their audience, <a href="https://blog.2checkout.com/ecommerce-branding-guide/">build brand awareness</a> and boost sales.

It’s important to remember, however, that these advantages come with a price tag. Whether you’re a new or experienced seller on Amazon, you should make sure you understand all the relevant fees and charges - particularly as Amazon is a totally different ball game to other ecommerce platforms.As your company grows, are you also looking for a way to get on top of your finances to make faster decisions to scale up? You’ll need an experienced <a href="/sg/ecommerce-accounting-services/">ecommerce accountant</a>. We’re here to help.

Read on to find out everything you need to know about Amazon seller fees and charges.

Melissa Yeo

How To Cancel Your Work Permit in Singapore

Singapore Long-Term Visit Pass (LTVP): Beginners’ Handbook

What You Need To Know About Singapore’s GST Rate Change in 2023

How To Save Electricity for Your Small Business in Singapore

How To Interview a New Employee

Accounting Treatment for Cryptocurrency