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How to Start a Business in Singapore from Abroad
What truly sets Singapore apart is its tax framework. It offers reduced corporate income tax rates, start-up tax exemptions, and double tax deductions for foreign companies. Plus, Singapore has a multitude of free trade agreements with countries worldwide, making it a lucrative choice for entrepreneurs.
So, how can you take advantage of Singapore’s strategic business benefits without relocating there? The answer lies in choosing the right partner. Our Accela Finance and Corporate Secretary teams explain.
GST Phase 2 is Coming – Here’s What You Need to Know
With the first phase of the GST increase behind us, the impact on businesses and consumers is evident. Some companies absorbed the cost and used the increase as a marketing opportunity to demonstrate customer loyalty. Others quietly made price adjustments with customers aware of the upcoming change.
Now that we have passed the first phase, it is time to start preparing for the second, aiming for the smoothest transition possible.
Unlocking Singapore’s Tax Advantages for Your Business
Singapore offers incredible advantages for those keen to launch a business thanks to a favourable commercial environment and strategic location.
But to make the most of them, you need to understand Singapore's tax incentives.
Here are five tax incentives that draw investors and entrepreneurs each year:
5 Minutes With… Ranjini Padattil
Take a quick peek at our latest 5 Minutes With Ranjini Padattil, our Finance Associate at Accela Finance. She provides insights into Accela's work ethic and shares her favourite snack.
The Ultimate Guide to Filing Your 2023 IRAS Corporate Income Tax Returns by 30th November 2023
Filing your IRAS corporate income tax returns might seem like a daunting task, especially if you have recently launched a business or contemplating starting one in Singapore. The pressure of meeting submission deadlines can be overwhelming, potentially casting a cloud over your business's reputation and financial stability.
However, with a well-thought-out strategy, this compliance journey can be both manageable and enlightening.
Is Your Fund Looking to Invest in Asia? Consider a Singapore VCC
In a game-changing move, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) introduced the Variable Capital Company (VCC) structure in 2020.
Is Your Business Mergers and Acquisitions (M&A) Ready?
Companies consolidate for various reasons and can do so in several ways, with mergers or acquisitions among the most common methods.
The Critical Role of Management Reporting in Business Decision-Making
As a business owner, you may want to make thoughtful, informed decisions that drive your business forward. No tool is more helpful with this than management reports, yet many new business owners overlook some of their most essential benefits.
Retaining Top Leaders: Strategies for organisations in Singapore
The long-term impact of this intense period, the Covid “hangover”, is triggering senior executives in Singapore to re-evaluate their career paths and goals. Following years of lean staffing, insufficient resources and increasing workloads, senior leaders are weighing their prospects and exploring job opportunities to help develop their leadership skills, advance their careers, and pay. As a result, many senior executives are turning to executive search service providers like Accela Talent to gain insights into the current job market. a clear plan to acquire, train and retain the talent necessary to meet those needs.
Workforce Planning in a Changing World: Ensuring Business Success
Done properly, strategic workforce planning sets organisations up for success by ensuring that today's workforce is aligned with tomorrow's business objectives. Senior leadership and human resource teams collaborate to define future human resource needs, producing a clear plan to acquire, train and retain the talent necessary to meet those needs.