Singapore is known to have one of the lowest taxes globally. Supported by world-class infrastructure and a booming business industry, the country has made itself appealing to investors and foreign employees while equally keeping its tax system agreeable to its citizens. Among the taxes levied by the city-state is the Goods and Services Tax (GST). This type of tax is paid when money is spent on goods and services including imports. A multi-stage tax, the GST is collected at all … [Read more...]
Archives for August 2016
Basic Guide to Singapore Permanent Residence Application
Singapore, as a country, has achieved a lot in the fields of business, technology, and science. The city-state’s continued growth has therefore made it appealing not only to investors but to people looking to work in the Republic. Probably one of the most glaring problems of the country, however, is its citizen population. In 2014, it was officially addressed in the Addendum to the President’s Address that the Republic will continue its stringent efforts to improve the … [Read more...]
Everything you Need to Know about Singapore EntrePass
Singapore has managed to successfully keep its economy afloat over the decades through smart business moves. Start-ups have been brought to the forefront and industries that didn’t seem promising were prioritised. In line with all these efforts, Singapore has encouraged foreign investors to build businesses on their shores. Supported by government programmes and a competitive but conducive business landscape, the city-state has been marked as one of the most successful nations of … [Read more...]
The Smart Nation Initiative and Its Impact in Singapore’s Startup Scene
Singapore, despite its size, is currently making waves as one of the leading start-up capitals of the world. The city-state has only officially turned 50 as a nation on 2015 and yet it was able to turn its major predicaments including lack of natural resources, struggling birth rate, and challenged manpower into forward-looking business models and a global perspective. Coming ahead of the global race isn’t exactly new to the nation. More than turning its fate around, … [Read more...]