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Money-Making Small Business Ideas for Entrepreneur in Singapore

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  If you want to know about the best ideas for your small business, you have come to the right page. However, you should know that if your business activity is generating money, you should legalize it by incorporating a company in Singapore. The authorities expect it from you. Company incorporation in Singapore is a very streamlined process and takes only 1-3 days. Surely, you want to start a business to market a product or service that you are very familiar with. The experts advise you to do deep market research and analysis. You need to know your customers and competitors before starting a small business in Singapore. If you are short of small business ideas in Singapore, here is a list to jog your entrepreneurial spirit. Best Business Ideas for S tarting a Small Business in Singapore Run Child Care Center Singapore is a great place to work in for professionals. Here both men and women can show their smart-work and leave their mark. These professionals have to maintain ...

Reasons for Setting up an Offshore Company in Singapore

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  Singapore has pro-business laws, rational tax system, dynamic economy and qualified workforce. It makes setting up an offshore company an attractive proposition even for multinational companies. What is a Singaporean Offshore Company? Singaporean offshore company is a company incorporated under the Singapore Companies Act. Such a company can be used for business outside of Singapore. It benefits from a low or no tax regime. You could think of setting up an offshore company in Singapore for the following reasons: ·          You want to use an offshore company as a growth vehicle to expand your business. Most probably, the investment for the growth will come from institutional investors who prefer such companies ·          You have an investment holding entity and want to cash on relief from Stamp Duty and Capital Gains offered by Singapore authorities ·       ...

Brief Guide to Foreign Company Setup in Singapore

  SBS Consulting Pte Ltd is a prominent provider of company incorporation services in Singapore. Here is a guide for you on how to set up a company in Singapore. If you are interested in affordable company incorporation, Singapore services fill up our contact form below! Our incorporation experts will help you do it. Our promo package costs only S$699. Why Do Foreigners Come to Singapore? Many foreign entrepreneurs love to do trade here due to pro-business laws. It has lesser red tapes and working legislation. It also offers attractive tax rebates for startups and investors.  The steps for setting up a company in Singapore may prove to be tedious for foreigners. However, the tax benefits and the ease of doing business in Singapore outweigh the hassles. The World Bank has placed Singapore in the 2nd place for this indicator. That is why Singapore attracts so many foreign company registrations. If you want to set up a company in Singapore , hiring an incorporation service provi...

Debunking a Few Myths about Company Secretarial Services Singapore

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It is not a hidden fact that a well-qualified company secretary is capable of promoting good corporate governance within an organization. However, everyone seldom revered the jobs and responsibilities performed by a secretary for a company. A commonly asked question when it comes to hiring  Company Secretarial Services is -“What does a corporate secretary do?”. Although the job of a company secretary is honorable and dynamic, there are a few myths or misconceptions do exist among business owners. Role of Company Secretary in Company Incorporation Singapore Before diving a little deeper into the myths of company secretary, let us discuss brief details of the role of secretarial services in  company incorporation Singapore Technically, the process of company registration in Singapore could not be completed without hiring a qualified company secretary. As per the law, a newly incorporated company must appoint the secretary within six months from the date of incorporation....

The reason behind registration of Flipkart in Singapore?

The business owners are always on the lookout for better opportunities. Sometimes they start looking for them overseas. During the last couple of decades, Singapore has come up as the most attractive destination for the investors and entrepreneurs. Why Flipkart Moved to Singapore? However, Flipkart did not opt for company incorporation Singapore because of the taxation. It happened because it wanted to raise more capital for its growth and the difficulties it faced. Its management wanted to raise the capital through IPO. However, in 2007, Indian regulatory agencies were not allowing loss-making companies to go for IPO. Another option was to raise it through FDI. However, at that time, players in the B2C market in India were not allowed to receive FDI. On the other hand, Singapore regulators have no objection to the loss-making companies registering on their Stock Exchange. The splitting of the Flipkart and then, moving on to Singapore allowed it to raise capital for its ...

Why do Businesses Need Bookkeeping Services?

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  Businesses run on money. If the owner does not keep track of money coming in or going out of the business, it might create a cash flow problem for him. It is why all types of businesses need to invest in accurate bookkeeping. It is necessary for the business owners to update business' accounts regularly. It is mandatory for them in Singapore. It is one of the statutory compliance measures they have to abide by. Or, they will have to pay the penalty for the misadventure. Bookkeeping services involves carefully recording and filing all the bills, receipts and invoices representing the financial transactions of the business. Modern companies implement accounting and bookkeeping software for the task. The accountants can use accounting software to process this data and prepare financial statements like cash flow, trial balance, balance sheet, and profit and loss statements. By studying these documents, an accountant can understand the financial state of the company and can advise th...

Company Secretarial Services in Singapore from SBS Consulting

Small business owners have to grab every opportunity to save a few bucks. So, if you are searching for a reliable provider of corporate secretarial services in Singapore , it won't hurt you to go to the internet. You can also ask your business friends and family members for a reference. Because locating a good and cost-effective company offering secretarial services is not easy. Well, I can recommend one to you. It is called SBS Consulting Pte Ltd. SBS Consulting offers corporate services, including cost-effective company secretarial services Singapore. The firm caters to small, medium, and large businesses and assists them in taking care of their compliance needs. Each business has unique needs. So make a list of your compliance needs and discuss them with the representative of the firm. You can appoint SBS Consulting for the following services: ·          Management of Shares ·          Rule Re...