What Is Audit Exemption? The Companies (Amendment) Act 2014 revised the audit exemption criteria and introduced more details on small company concept for audit exemption. The small company concept is applicable to existing and newly registered private limited companies in Singapore with effect from 1st July 2015. If you are an entrepreneur who had just … Read more
What Are The Reasons For A Company Director To Resign? A Director of the company can resign for several reasons which include but not limited to the following Physically Unfit Disqualification (E.G Criminal Breach of Trust) Conflict of interest Upon resignation of the director due to whichever reason, the Registrar of companies, ACRA, must be … Read more
Why Find a Payroll Outsource Singapore Service Provider? Businesses nowadays consider outsourcing as a strategic step to gaining competitive advantage. Many businesses tend to recruit administrator to manage their accounts, human resources, payroll, tax, and other financial responsibilities at the same time is a complex & time consuming affair. Yet, many employers still put much attention on … Read more
Increase in Singapore GST tax There will be an imminent hike in the goods and services tax (GST). This was confirmed in a Budget that laid the ground for challenges ahead, even as the Singapore government pockets a surplus of $9.6 billion. GST is expected to be raised from 7% to 9%, between 2021 and … Read more
What must freelancers know about the legal implications of working in a gig? In Singapore, it’s common to see entrepreneurs running a side-business on top of their priority job or experienced professional working as a self-employed. However, in both scenarios, those side gigs are fully taxable. Without proper knowledge of the business taxation system, freelancers … Read more
Why Strike Off a Company? Many businesses declare bankruptcy every day due to many reasons. And in the midst of Covid19 crisis in 2020, it forced many major companies such as the car rental company Hertz to close down. According to the Ministry of Law, the companies in compulsory liquidation had risen to 312 in … Read more
Singapore has been consistently ranked among the top on the ranking for investor-friendly countries. Partly due to its status as a first-world country, it becomes the ideal business and commercial hub in Southeast Asia. If you are a foreigner keen on immigrating here for work or register a private limited company in Singapore, you will need to … Read more
WLP offer guidance on how to apply for Singapore Permanent Resident (Singapore PR). Below you’ll also learn about permanent resident eligibility, procedures for pr application, managing rejections and various PR schemes available for foreigners and corporate immigrants. Many expats who work in Singapore consider become a permanent resident (PR) this is because it has many benefits … Read more
What Are The Benefits of Singapore Permanent Residency? Every year, there is an estimate of 30,000 foreigners receiving the status of Permanent Resident(PR) in Singapore. As one of the safest, developed and a city that offers good educational system, Singapore is considered one of the best cities in Asia to reside in. If you are … Read more
A Management Corporation Strata Title (MCST) is the management team that oversees a condominium or any property that has multiple owners and shared facilities. Not all facility management teams are equal. If you want to live in a condominium or work in an office that stays well-maintained through the years, you better choose a property … Read more