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October 17, 2023

Are Electronic Signatures Legally Binding in Singapore?

An electronic signature is one that allows someone to sign documents digitally as an alternative to using the traditional handwritten method. This serves as a quicker and more convenient method of agreement and saves the trouble and mess with masses of physically printed out documents. In today’s day and age where going digital and online […]
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October 17, 2023

Should I Run My Business as a Sole Proprietor, Partnership or Private Limited?

A sole proprietor business is one that is owned and controlled solely by an individual. It does not provide as a separate legal entity from the owner, and the owner has unlimited liability over the business. This means that the business can sue or be sued in the sole proprietor’s name. The owner is personally […]
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October 17, 2023

What are the Roles and Responsibilities of a Company Secretary?

According to the Accounting and Corporate Regulatory Authority (ACRA), it is compulsory for every company to appoint a company secretary within 6 months from its incorporation date, who must be a person locally resident in Singapore. This position in the company cannot be vacant for more than 6 months at any time. A company secretary […]
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July 24, 2023

What is Withholding Tax and How Does It Affect Me and My Business?

Withholding tax in Singapore is used to collect taxes from non-resident companies and individuals who earn income sourced in Singapore. It refers to the tax withheld and paid to IRAS when a Singapore Payer makes a specified payment to a non-resident Payee for services or work done in Singapore. Singapore withholding tax is necessary for […]
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July 24, 2023

Why Should I Register for GST?

Goods and Services Tax (GST) is a broad-based consumption tax levied on the import of goods, as well as almost all the supplies of goods and service in Singapore. Companies can be registered for GST either under compulsory registration or voluntary registration. The liability for compulsory registration of GST depends on the value of one’s […]
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July 24, 2023

Why Should I Start a Private Limited Company?

A private limited company is a business that is a legal entity that is separate and distinct from its directors and shareholders. Companies can be private which limits the number of members to 50 or public where it can have more than 50 members. A private limited company is one that is locally incorporated where […]
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July 24, 2023

5 Benefits of Adopting Online Accounting Services for Small Businesses

Online accounting firms are gaining popularity, accelerated by the pandemic and the increasing adoption of digital documents and e-signatures across key stakeholders. These online accounting services for small business is one of the many first steps in digital transformation and breaking away from the use of physical paper. Here’s why small business accounting services, such as Myco, […]
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July 24, 2023

Incorporate your company in 3 clicks

We understand that incorporating a company in Singapore can be confusing and difficult. Too many paperwork, incomplete documents, complicated pricing structure and hidden costs are common struggles when it comes to incorporation of a company. To simplify things, we’ve come up with the 3-click approach – the easiest way for online company incorporation! Here’s how to […]
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July 24, 2023

Why You Should Incorporate Your Company in Singapore

  Singapore has consistently been ranked by numerous international economic and financial organisations as the best country, or among the top countries to do business. These rankings take into consideration factors such as business friendliness, efficiency and openness of the economy, bureaucracy, corruption, IP protection, infrastructure and investment potential. Globally, Singapore is known as a […]