Banking Industry and Key Players in Singapore

Banking Industry and Key Players in Singapore

Banking is considered the backbone of every economy as it directly influences the
financial and economic development of a country and Singapore is no exception. The country’s robust economic development gathered pace as the banking sector grew and became stronger and efficient with time.

Opening a Bank Account in Singapore for New Company Formation

Opening a Bank Account in Singapore for New Company Formation

As an investor, if you are looking for a Singapore company incorporation for the first time, you need to open a current corporate account with a bank operating in the country to enable you to receive funds from your customers as well as manage the cash for the company’s operations.

Key Things to Consider When Managing Payroll in Singapore

Key Things to Consider When Managing Payroll in Singapore

Singapore Employment Act mandates that as an employer in Singapore, you must pay the salary of your employees a minimum once a month and within 7 days once the salary period ends based on the terms and conditions of the employment contract.