CPTPP Enlarged: Singapore Greets Britain’s Inclusion in Free Trade Agreement
Singapore warmly welcomed Britain’s recent decision to become the first European country and the 12th member to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). As Britain sets its sights on bolstering its global alliances post-Brexit, the decision to ease company formation in Singapore is a clear signal of intent. With its reputation […]
IMF Calls India’s Digital Transformation a Blueprint for Developing Nations
India’s digital prowess is a global inspiration! The International Monetary Fund (IMF) confirms India’s “world-class digital public infrastructure” as a blueprint for digital transformation worldwide. In a recent working paper, the IMF praises India’s innovative approach and focus on building blocks, making its digital journey a resounding success. “Build smart: Find the core, solve more!” […]
Singapore’s New Due Diligence Requirements for Corporate Finance Advisers
By October 1, 2023, corporate finance (CF) advisers in Singapore are required to adopt new due diligence requirements. The objective behind implementing these new requirements is to enhance the quality and standards of corporate finance advisers in the city-state. Deployment Plan From October 1, 2023, all corporate advisory engagements in Singapore must comply with the […]
India’s SME-Friendly Budget Creates Profitable Opportunities for Singaporean Businesses, Reports Singapore Chamber
The future of small businesses in Singapore and India is looking brighter than ever! The SICCI has hailed India’s SME-friendly budget for 2023-24, paving the way for exciting new collaborations and growth opportunities. Joining forces for company formation in Singapore and India, the possibilities are endless for both nations’ dynamic small business sectors. Which sectors […]
The Latest on UAE’s Tax Residency Rules: A Comprehensive Guide
Ministry of Finance announced Decision (no.27 of 2023), adding clarity to determine tax residency as per UAE Cabinet Decision no. 85 of 2022. Legal entities must be established or recognized within the country to be UAE tax residents. This excludes branches of foreign entities. Companies outside the UAE can qualify if their management and control […]
Understanding UAE Corporate Tax: Exemptions, Qualifying Companies and More
The United Arab Emirates (UAE) will introduce a Corporate Tax regime in June this year, in line with global trends for a minimum corporate tax rate. Before the new law commences, businesses must determine if they are subject to the tax and qualify for an exemption. The UAE declared its plans to establish a new […]