Why Set Up your Business in Ireland? Republic of Ireland is a member of the European Union and the Eurozone. Ireland is ranked first in Europe and second in the world as most attractive country for Foreign Direct Investment (FDI). It is the only English-speaking country in the Eurozone with a highly skilled youngest work…
Why start your business in Malaysia? Divided from its globalized island neighbour, Singapore, by a mere half-mile causeway, Malaysia has maintained a stable economic growth momentum for years. Spurred by high technology, a young and educated workforce, capital-intensive industries, Malaysia is a country that has a good business environment and investment climate. Different assets of…
Setting Up an Offshore Company in Singapore An offshore company is a company that incorporated in a jurisdiction other than the jurisdiction that constitutes its main place of operations or where the company’s principal investors reside. In other words, offshore simply means a jurisdiction other than your own. Some of the advantages when incorporating an…
Filing Annual Returns with ACRA All Singapore company incorporated are required to hold their Annual General Meeting (AGM) and file Annual Returns under S175, S197 and S201 of the Companies Act. Directors shall present the true and fair view of the company’s account to their shareholders at the AGM. For the Annual General Meeting (AGM),…
Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme Assurance in old ages includes three key considerations that are healthcare, retirement and housing. The Central Provident Fund or also known as CPF, is the key pillar of the Singapore’s comprehensive social system that enables working Singapore Citizens and Permanent Residents to set aside funds…
How MBMF Helps The Muslim Community Grow in Singapore In the 1970s, Singapore’s rapid development led to Muslims being resettled in HDB flats. These new estates needed mosques, but traditional fundraising methods weren’t effective. A system was devised to efficiently raise money from Muslim workers through the Central Provident Fund Board’s collection system, also known…
What Do You Know about Skill Development Levy (SDL)? Do you know? As an employer, on top of CPF contribution and Foreign Worker Levy, you are required to pay a mandatory levy for all your employees working in Singapore, and that would be Skill Development Levy (SDL). The SDL also includes foreign employees and employees…
Chinese Development Assistance Council, and How it Empowers the Chinese Community In the early 1990s, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Singapore Federation of Chinese Clan Associations (SFCCA) created a non-profit organisation to uplift and support the Chinese community. Since its establishment, this organisation, the Chinese Development Assistance Council (CDAC),…
