Startup FAQs: Will the company name be made available immediately after ACRA strike off?

Dec 08

Startup FAQs: Will the company name be made available immediately after ACRA strike off?

Startup FAQs – Will our company name be made available for others immediately after we are struck off on ACRA? Closing a company, under the Companies (Striking Off) Regulations 2015 is the most straightforward way for a Singapore registered company to cease operations; giving founders the peace of mind that all loose ends have been tied. Once a company is struck off, a one-year moratorium that kicks in, and...

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Get the most out of Xero by Futurebooks and DBS

Oct 31

Get the most out of Xero by Futurebooks and DBS

How do you get the most out of Xero?  If you want to learn how you can drive an effective business by doing your accounting online… this event is for you! Join us at this workshop jointly organised by Futurebooks and DBS SME Banking. Witness how you can raise the bar with Xero to streamline your operations and reduce costs. Discover key Xero features, and learn best practices and...

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Startup FAQs: Requirements for companies employing Employment Pass holders

Sep 18

Startup FAQs: Requirements for companies employing Employment Pass holders

There are conditions in the statutory laws of Singapore that the employer must comply once the company has successfully applied for, and issued the Employment Pass of the startup founder or the company’s new employee. In a brief overview, here some questions that you might have, as the employer, when you have Employment Pass holders on your payroll: 1. What’s in a payslip? Is this necessary? 2. Do I...

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Do what? 6 secrets for startups recruiting in Singapore

Aug 10

Do what? 6 secrets for startups recruiting in Singapore

So you have lined up your funding round and got your Singapore entity incorporated, and now it’s time to scale up your team rapidly from 5 to 45. The applications you receive are a mix of talented people, from the brilliant local Sales Head, and the programmer on an Employment Pass currently working in another Singapore startup, to that talented Platform Head in South Africa, who is just right...

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Tax Clearance for Employees – Startup FAQs

Jun 20

Tax Clearance for Employees – Startup FAQs

The lowdown on tax clearance for departing foreign employees of a Singapore company. A company is required to withhold the final month’s salary, and file a tax clearance with Inland Revenue Authority Of Singapore (IRAS) when a foreign employee is about to depart the company’s payroll. The requirement flows from Section 68 (5) of the Singapore’s Income Tax Act as reproduced below (highlighting ours) The Employment Act of Singapore,...

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