5 Essential Steps for Starting a Business in Singapore as a Foreigner
Singapore has long been recognised as a premier global hub for innovation, commerce, and finance, making it incredibly appealing to founders worldwide. When considering expansion, a primary question arises: can a foreigner start a business in Singapore? The answer is a resounding “yes!” It is absolutely possible for a foreigner to register a company in […]
InvoiceNow Singapore: How It Works, Timeline & Registration
Key Takeaways InvoiceNow is Singapore’s nationwide e-invoicing network, introduced by IMDA in 2019 on the international Peppol standard. The GST InvoiceNow Requirement began with selected voluntary GST registrants on 1 November 2025 and 1 April 2026. It will progressively extend to all remaining in-scope GST-registered businesses from 1 April 2028 to 1 April 2031. Overseas […]
ECF, SINDA, MBMF, CDAC Contribution Rate Guide 2026
Key Takeaways CDAC, MBMF, SINDA, and ECF are monthly community fund deductions applicable to eligible employees in Singapore based on ethnicity, religious/community group, and wage band. Contribution rates are tiered by monthly wages, so employers must check the correct bracket each payroll cycle, especially when salaries, allowances, or variable pay fluctuate. These contributions are deducted […]
Guide to SG Foreign Worker Quota Calculator, Permit & Levy Rate
Key Takeaways Foreign hiring is capped by the Dependency Ratio Ceiling (DRC), a sector-based limit on foreign workers (excl. Employment Pass holders) as a share of your total workforce. Only locals earning the Local Qualifying Salary (LQS) count toward your quota. Staff on at least S$1,800/month count as one “local,” while those earning S$900–S$1,799 count […]
Guide to GST Registration for Companies in Singapore (2026)
Key Takeaways GST in Singapore is a consumption tax on most goods, services, and imports that impacts pricing, invoicing, accounting, and business compliance obligations. A company must register for GST in Singapore if its taxable turnover exceeds S$1 million over a 12-month period, making this a key GST registration requirement set by IRAS. Businesses may […]
5 Pitfalls F&B Businesses in Singapore Face & How to Mitigate
Key Takeaways Singapore’s F&B scene is full of opportunity, but success takes resilience. Many closures occurred to businesses <5-years-old. Challenges business owners face include high operating and labour costs, and intense competition not just from local businesses but also from overseas franchises. Rising costs and changing consumer habits mean F&B businesses must focus on profitability, […]
How to Register for a Sole Proprietorship in Singapore
Key Takeaways A sole proprietorship is a business owned and run by one person, who keeps all profits and is personally liable for all debts. It is affordable to set up, easy to manage, and gives the owner full control. It is ideal for small or solo-run businesses, but may be less suitable if you […]
7 Types of Leadership Styles & Which Suits Your Singapore SME
Key Takeaways In Singapore SMEs, the right leadership style shapes performance, culture, and financial decision-making. Common leadership styles include transformational, servant, situational, autocratic, democratic, laissez-faire, and transactional leadership. Leaders should choose leadership styles based on their team, industry, and financial needs. Understanding different leadership styles helps SME leaders adapt to changing teams, industries, and growth […]
Your Ultimate Guide: How to Register a Company in Singapore
Key Takeaways To register a business in Singapore, you need at least one local director and a company secretary, a minimum share capital of S$1, a local registered address, and a corporate bank account to manage business finances separately. Choose and reserve a unique name, decide on a business structure, appoint a local director, prepare […]