The Entrepass allows eligible foreigners to start and operate a business in Singapore. Read on to understand who is eligible for the Entrepass and how to go about applying for it. Entrepass Overview Who is it for Eligible foreign entrepreneurs who want to start and operate a business in Singapore Minimum Salary No stipulated [...]
If you were to start a business, namely in Asia, you would inevitably factor in starting it in Singapore, among others. Here are some reasons which may compel you to eventually start your business, and company, in Singapore. 1) Singapore has one of the lowest corporate taxes in the world The corporate tax rate [...]
There are two routes to become a Singapore Permanent Resident (PR), there is the Global Investor Program (GIP Scheme) and there is the Professionals/Technical Personnel & Skilled Worker Scheme (PTS Scheme). Here is a guide for those that are interested in obtaining Singapore Permanent Residency through the PTS Scheme. This is the more commonly used [...]
There are two routes to become a Singapore Permanent Resident, there is the Global Investor Program (GIP Scheme) and there is the Professionals/Technical Personnel & Skilled Worker Scheme (PTS Scheme). Here is a guide for those who are looking to obtain Singapore Permanent Residency through the GIP Scheme. This scheme is made to suit foreign [...]
There are several tax benefits of Variable Capital Company (VCC). The favourable tax regime for Singapore corporates is applicable to Variable Capital Company. Singapore corporates enjoy a corporate tax of 17%, one of the lowest in the world. The same tax rate will be applicable to VCC. There is also no corporate gains tax which [...]
There are several key requirements of Variable Capital Company (VCC) that need to be fulfilled. The requirements of the Securities and Futures Act (SFA) will apply to the VCC as a fund. This also means that the VCC has to comply with Anti-Money Laundering/Countering the Financing of Terrorism procedures. The VCC will be regulated by [...]
The Variable Capital Company (VCC) is a new legal entity structure for investment funds to be domiciled in Singapore. There are several key features of the Variable Capital Company which we explain in this article. The VCC funds can be either open-ended or close-ended. There is no restriction on the type of fund strategies and [...]
Launched in January 2019, "Start Digital" is a new initiative by Infocomm Media Development Agency (IMDA) and Enterprise Singapore to encourage Small and Medium Enterprises (SMEs) to adopt digitalization in basic business functions. It is also part of the SMEs Go Digital program that aims to encourage digitalization for SMEs. In this initiative, five categories [...]
Singapore is encouraging its Small and Medium Enterprises (SMEs) to embrace digital technology. The $80 million SMEs Go Digital (SGD) programme was launched in 2017 to spur SMEs in transforming their business towards greater digitalisation. The programme received a boost in the recent Budget 2019 with further expansion in scope and initiatives. The scheme will [...]
Singapore offers four main types of work permits for trainees or students to work in the country: Training Employment Pass Work Holiday Pass (under Work Holiday Programme) Work Holiday Pass (under Work and Holiday Visa Programme) Training Work Permit Besides these work permits, there are other types of permits (long-term and short-term) for foreigners to [...]
