Osome Ltd. address in <br>Singapore: 89 Neil Road<br>#02-04, Singapore 088849

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

Osome Raises $17M in Series B Round to strengthen the balance sheet with a key objective to accelerate the path to profitability.

Whether importing products into Singapore or exporting goods as a seller, the process can be challenging. Dealing with logistics and customs declarations can quickly add up, making the to-do list seem long and overwhelming.

So, it is essential to understand the steps to take when it comes to importing or exporting goods as a business or an international seller. This article will cover some of the frequently asked questions about importing or exporting goods in the Singapore.

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.

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?

By the way, if you’re looking for legal ways to reduce your taxes, our <a href="/sg/accounting-services-singapore/">experienced accountants</a> can help you to do this. Drop us a chat any time of the day to reduce your paperwork.

In an increasingly digital world, the way we bank is changing. Digital banks are probably something you may have heard about while thinking of <a href="/sg/guides/how-to-start-a-business/">setting up your business in Singapore</a>, but wondering how they can help you run your business better. Read this article to learn more about how these innovative new platforms can improve your business’ finances, compared to a traditional business bank.

<b>Ecommerce accounting</b> covers all your financial management as an online seller, from bookkeeping and invoices to record keeping and filing your taxes.

It’s a big task - and one that requires specialist knowledge and takes time. That’s why many ecommerce companies choose to outsource their accounting. These businesses use online accounting providers like Osome to get dedicated support with their books.

If you’re an online seller looking for help, we’ve got you covered. Here’s your guide to ecommerce accounting, why it’s essential and the basics you need to know to get started. Working through these points will help you decide how much help, if any, you need. If you’re in need of professional <a href="/sg/ecommerce-accounting-services/">ecommerce accountants</a>, please don’t hesitate to reach out to us!

For Singaporean limited liability companies to run successfully, you would need a minimum of one shareholder. Private companies can keep up to 50 shareholders, including joint holders of shares as one person. But, not including any person the company employs or previously worked with.

In return for buying the shares, shareholders own a part of the company, earning possible dividends and growth in company value, which can raise the price of shares.

While <a href="/sg/incorporation/">incorporating the company</a>, founders discuss how many shares they want to give, at what value, to whom and in what proportion. Usually, startup founders issue shares to themselves.

The ownership of all shares is recorded on share certificates given to shareholders. As the company continues to grow, it can issue more shares with more value to raise more capital in order to grow the company.

Singapore has always gone the extra mile to protect its financial and business systems from any money laundering or terrorist financing regimes. In 2015, the government strengthened this protection by bringing Corporate Service Providers like Osome under a regulatory framework that requires them to monitor and report any activities that could be harmful to Singapore’s financial systems through Know-Your-Customer (KYC) due diligence.

Osome Content Team

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

Exciting News! We Just Raised US$17M in Series B Funding

Import and Export Tips – Everything Singapore Businesses Should Know

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

Tax Evasion Penalties in Singapore: A Complete Guide

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