Starting a business in Singapore offers a wealth of opportunities for entrepreneurs. One of the key decisions to make when setting up a business is choosing the right company structure. In this post, we will discuss the differences between a Sole Proprietorship and a Private Limited Company (Pte Ltd) in Singapore, along with various factors… Continue reading How to Choose Between Sole Proprietorship and Private Limited Company in Singapore

In Singapore, the National Registration Identity Card (NRIC) is more than just a piece of identification—it’s a key document that plays a crucial role in the lives of individuals and businesses alike. For small business owners, obtaining an NRIC is not only a legal requirement but also a practical necessity. It serves as a primary… Continue reading Business Owner’s Guide to Obtaining an NRIC in Singapore

As a business owner in Singapore, understanding and managing your tax obligations is essential for the success and legality of your business. One key element of this is obtaining a Tax Identification Number (TIN), also known as the Tax Reference Number (TRN). This unique number is issued by the Inland Revenue Authority of Singapore (IRAS)… Continue reading How to Get a Tax Identification Number (TIN) in Singapore

In Singapore, corporate income tax is levied on the taxable income of companies and certain associations at a rate of 17%. This rate applies to both resident and non-resident companies. Resident companies are taxed on their worldwide income, while non-resident companies are taxed only on income that is derived from or arose in Singapore. Taxable… Continue reading Guide to Singapore Corporate Tax