Employer of Record (EOR) Guide 2025
  • Article, Global

The Ultimate EOR Guide 2025 – The Rise of EOR Services in a Remote First Business World

Businesses operating in the globalized economy are no longer confined by geographic boundaries when it comes to growth or hiring. Companies across major markets like the UK, US, Spain, and Poland have already adopted a proactive approach to international expansion through strategic market entry or global recruitment.

According to recent data, 28% of businesses in the UK, 56% in the US, 39% in Spain, and 38% in Poland are planning cross-border business activities in the next three years. Interestingly, many are opting to remain in their home country while accessing global talent through Global EOR services.

Employer of Record (EOR) is a tactical approach that broadens the talent pool and helps organizations avoid the complexities of setting up a foreign legal entity.

What is the EOR Model?

An Employer of Record is a third-party service provider that employs workers legally on behalf of a business in a different jurisdiction. With this arrangement, companies can hire an Employee without setting up an entity. EOR significantly saves time, cost, and administrative burden.

The EOR assumes all legal responsibilities as the employer. These include:

  • Employment contracts
  • Payroll
  • Tax filing
  • Compliance with local labor laws
  • Statutory benefits

However, businesses shouldn’t confuse the EOR model with a PEO (Professional Employer Organisation), which typically co-employs the worker with the client company. An EOR, in fact, has a full legal responsibility for the employee. It allows businesses to operate in countries where they do not have a legal presence.

Over the years, the EOR model has gained popularity globally. The EOR market is projected to expand from $4.2 billion to $6.8 billion between 2021 and 2028. This trend is primarily driven by the rise of remote work, which demands hiring models to be more agile.

The Business Case for Global EOR Services

During the pandemic, remote work had become mainstream in several jurisdictions. This opened up fresh opportunities for both employers and workers. Since then, many organizations have embraced this shift, using global EOR services to recruit employees from diverse backgrounds and geographies.

In fact, over 56% of firms across the US, the UK, Germany, and Australia have either hired or plan to hire international workers remotely. Beyond cost-effectiveness, businesses look to gain access to expertise and perspectives that the local workforce lacks.

The benefits of global EOR services are significant. Employers can:

  • Test new markets without establishing a local entity
  • Reduce overheads
  • Scale their international operations quickly
Particularly, this level of playing field benefits smaller businesses. These firms gain access to global talent pools without the burden of dealing with foreign regulatory environments alone.

Legal and Operational Considerations

Although the EOR model presents several advantages, businesses must approach it with caution. At times, they may face complexities due to jurisdictional differences.

A 2022 survey across 90 countries reveals:

  • 48 countries explicitly allow EOR arrangements
  • 26 prohibit them
  • 14 fall under a caution category due to legal ambiguity or restrictions
Some of the key legal concerns include:
  • Immigration sponsorship
  • Taxation
  • Limitations in business travel
  • Licensing and employment compliance

In certain jurisdictions, an EOR cannot sponsor visas or may only be allowed to lease employees temporarily. Also, certain roles, particularly those generating revenue or involving senior leadership, may expose businesses to permanent establishment risks. This can potentially trigger corporate tax obligations and regulatory scrutiny.

Data protection and intellectual property issues also require close attention. Since EORs handle sensitive information of employees and clients, businesses must ensure that their EOR partner remains compliant with data security standards. They must have contractual safeguards in place to address ownership of intellectual property created during employment.

Strategic Use Cases for EOR Services

Now, let’s have a look at some scenarios where global EOR services are particularly useful:

  • When businesses need to hire talent quickly in new markets
  • During M&A activity while acquiring companies without a local entity
  • For hiring in low permanent-establishment risk roles
  • To scale down foreign operations but retain key local staff
  • As a transitional model while establishing a local entity
Therefore, the EOR model might not be a suitable choice for every hiring requirement. Companies planning to engage large numbers of employees or senior personnel over the long term may find that setting up a local subsidiary offers better control, cost-efficiency, and brand continuity.

Why Choose IMC Group for Global EOR Services?

In a world where global teams are becoming the norm, an Employer of Record streamlines your path to international hiring, addressing the common risks.

The IMC Group continues to be a reliable team of professionals offering global EOR services, combining international legal expertise with a human-first approach. Experienced professionals in our team deliver high-quality solutions, and we believe that compliance, efficiency, and empathy can go hand in hand.

Businesses partnering with can transform their operations with several benefits:

  • Full legal and operational compliance in multiple jurisdictions
  • People-led onboarding and support, with real human assistance
  • Scalable solutions customized to the size and goals of their business
  • A transparent and collaborative working relationship with every client
  • Security protocols that protect both talent and business data
With proper planning and the right partner, businesses can explore new markets, scale their teams, and strengthen diversity without worrying about demographics. Let IMC Group be your trusted partner in global workforce expansion.

Author Bio

Poornima is a seasoned professional with hands-on experience in Employer of Record (EOR) services. She supports businesses in managing international hiring, payroll, and compliance across borders. Her approach combines practical knowledge with timely execution to simplify global workforce management.

Read More

Singapore’s Corporate Account Closures
  • NEWSLETTER,SINGAPORE

Why Corporate Accounts in Singapore Face Closure and How to Stay Secure

As Singapore strengthens its position as a global financial hub, banks have significantly raised the bar on regulatory compliance, anti-money laundering (AML), and risk management standards. In recent years, this tightening of banking norms has resulted in an increasing number of forced closures of corporate bank accounts, especially those held by overseas or cross-border entities.

Notably, even longstanding domestic accounts have not been immune to these closures. Often, businesses receive no prior warning, making the account termination sudden and highly disruptive. In some cases, companies are left scrambling to find alternatives, leading to delays in payments, payroll, and day-to-day operations.

Why This Matters

The closure of a corporate bank account can jeopardise operational continuity, erode client and vendor confidence, and expose businesses to financial and reputational risks. It is therefore imperative for companies, especially foreign-owned entities operating in Singapore, to proactively understand the common red flags and adopt effective risk management strategies to safeguard their accounts.

Why Are Corporate Bank Accounts in Singapore Being Shut Down?

Singaporean banks are becoming increasingly selective in maintaining client relationships, especially when perceived risk outweighs potential returns. Below are the most common reasons why corporate accounts are being terminated:

1. Inactivity in Accounts or Low Usage

Corporate bank accounts that remain idle or record minimal activity for an extended period of time are often flagged and eventually closed.

2. Non-Compliance with AML/CFT Norms

Unclear fund sources, ties to sanctioned jurisdictions, or irregular transactions can breach AML (Anti-Money Laundering) and CFT (Combating the Financing of Terrorism) laws, resulting in account termination.

3. Delayed or Missing Documentation

Failure to provide updated business records, financials, or shareholder/director information when requested by the bank can put your account at risk.

4. Suspicion of Financial Crime

Bank accounts of businesses in Singapore can also be closed due to any perceived connection to money laundering, fraudulent, or illegal activities.

5. Opaque Ownership or Structure

Businesses that frequently change their shareholders or directors, or have unclear control structures, raise red flags for compliance teams.

6. Suspicious Transaction Behaviour

Irregular fund movements, particularly large or inconsistent transactions, can invite trouble, leading to bank account closure in Singapore.

7. Account Managed by a Third Party

If your bank account is operated by intermediaries or parties not formally tied to your company, it may be terminated due to transparency concerns.

8. High-Value Transactions with High Risk Jurisdictions

Certain jurisdictions across the world have been classified as high-risk. Frequent transactions with these areas are considered a red flag and can lead to scrutiny and closure.

9. Outstanding Tax or Legal Issues

Non-filing of annual returns, tax defaults, or ongoing litigation may lead banks to reassess and close their relationship with a client.

10. Regulatory Breaches

Non-compliance with local laws, particularly those involving financial reporting or disclosure, may lead to the suspension of your bank account.

11. Changes in Internal Policies

Sometimes, even a change in the internal strategy of a bank in Singapore, or its risk appetite can make your account non-compliant with their revised standards.

12. Frequent Transfers with Personal Accounts

Mixing corporate and personal finances erodes transparency and raises questions about the legitimacy of business operations, triggering compliance concerns.

How to Protect Your Corporate Bank Account in Singapore

While external regulations are beyond a business’s control, proactive management and sound banking practices can significantly reduce the risk of forced account closures.

Here’s how to stay compliant and safeguard your account:

  • Keep the account active: Make sure to maintain a baseline of legitimate activity even when business is slow to avoid the account becoming dormant.
  • Stay compliant to AML and CFT laws: All your transactions should be documented properly and aligned with the established legal and ethical standards in Singapore. Avoid dealings with high-risk jurisdictions where possible.
  • Respond to banks promptly: Keep your bank updated with any changes in shareholders, directors, or business activity, and respond to document requests on time.
  • Maintain transparency: Establish a clear business model and structure. Notify your bank about the new lines of business or corporate changes.
  • Monitor legal obligations: Stay informed about compliance requirements and updates from local regulatory authorities in each jurisdiction.
  • Engage with a Compliance Advisor: Work with a knowledgeable advisor who understands evolving local and cross-border banking expectations.

Diversify Your Corporate Accounts in Singapore to Mitigate Risk

One of the smartest risk management strategies is to maintain at least two active corporate bank accounts. Here’s why this approach is highly recommended.

In case the only corporate bank account of your business gets closed, you may have just 30 days to find a new one. However, it generally takes 6 to 8 weeks to open a new business account in Singapore. This delay could severely disrupt operations, payroll, vendor payments, or customer transactions.

Additionally, a secondary corporate bank account helps you maintain your business continuity. Many digital banking platforms today allow companies to open accounts remotely, providing flexibility and speed, particularly for global operations.

Need Help Managing Global Banking Risks in Singapore?

Global businesses operating in Singapore increasingly turn to specialist advisors like IMC Group to ensure banking compliance and manage risk effectively.

At IMC, we support our clients in:

  • Opening and maintaining multi-jurisdictional corporate bank accounts
  • Navigating KYC/AML compliance for global operations
  • Responding to banking and regulatory inquiries
  • Implementing sound governance frameworks

Whether you’re setting up a Singapore entity, restructuring an Investment Holding Company, or preparing for global expansion, we offer tailored banking and regulatory support to keep your operations resilient and compliant.

Read More

global entity management
  • NEWSLETTER, GLOBAL

How To Pick The Right Structure For Global Business

While many organizations perceive their business entity as a legal formality, it’s actually the backbone of their operations. Everything from growth potential to tax strategy and governance depends on the entity structure. Whether it’s about launching a business in a new market or expanding globally, choosing the right structure streamlines compliance and protects the assets. That’s why, successful entrepreneurs and founders seek global entity management services from experts.

In this edition, we have comprehensively covered why choosing the right entity structure defines the foundation of international operations. Read on to learn the common types of business structures for both domestic and global markets. With professional business entity management services, organizations can choose the proper structure that ideally fits their goals.

What is an Entity Structure?

An entity structure defines how your organization is legally formed and managed. It shapes everything from tax obligations and liability to operational workflows and compliance protocols. Business owners must understand the seven core dimensions that set each structure apart.

  • Legal structure: Determines liability and obligations
  • Ownership structure: Single owner, partners, or shareholders
  • Governance structure: Board and executive control
  • Operations structure: Hierarchies and reporting lines
  • Financial structure: Capital structure and revenue handling
  • Compliance structure: Regulatory oversight and filings
  • Strategic structure: Alignment with long-term goals

Why Entity Structure Matters

Successful businesses prioritize choosing the right entity structure. Working closely with experts offering global entity management solutions, they streamline operations and growth. The wrong structure can hinder growth, increase costs, and expose a company to legal issues that could have been avoided.

The key benefits of a well-chosen business structures include:

  • Better tax efficiency: Avoid double taxation and optimize corporate tax filings
  • Protection against liabilities: Founders and shareholders remain protected from liabilities
  • Better decision-making: Knowing who’s in charge ensures clarity in decision-making
  • Confidence for investors: Businesses find raising capital easier
  • Operational scalability: Scalability of operations define long-term success

Common Domestic Business Structures Entrepreneurs and Owners Should Know

Now, take a look at the common business structures organizations can choose from:

1. Sole Proprietorship

Individual business owners find solo proprietorship the most suitable model. It’s simple, inexpensive, and gives complete control, but the owner doesn’t enjoy any personal liability protection.

2. Partnership

In partnerships, the ownership is shared between two or more people. The profits pass on to personal tax returns, but partners share liability. Partnerships can be of three types:

  • General Partnership: All partners manage operations
  • Limited Partnership: Passive investors with limited liability
  • LLP/LLLP: Better liability protection

3. Limited Liability Company (LLC)

An LLC is a hybrid model that combines liability protection with ‘pass-through’ taxation. It is ideal for small-to-midsize businesses looking for flexibility. Licensed professionals like doctors and lawyers can choose the professional limited liability company (PLLC) model.

4. Corporation

A corporation is a more complex structure, separate from owners and significantly protects their liabilities.

The two main types of corporations are:

  • S Corporation: Pass-through taxation with corporate protection
  • C Corporation: Standard structure for larger enterprises with shareholder benefits and tax deductibility

Entity Structures for International Operations

As companies expand globally, they need to switch to other types of entity structures. The right setup balances cost, compliance, tax exposure, and operational control.

The common types of international entity structures include:

1. Representative Office

  • Purpose: Non-transactional presence like brand promotion or market research
  • Pros: Easiest to set up, low tax exposure
  • Cons: No sales or contract authority
  • Best for: Early-stage market entry or oversight

2. Branch Office

  • Purpose: Local extension of parent company
  • Pros: Can perform core business operations
  • Cons: No liability protection and direct tax exposure
  • Best for: Low-risk, high-control expansions

3. Subsidiary

  • Purpose: Fully incorporated local entity
  • Pros: Legal separation, local tax handling, and limited liability
  • Cons: Complex setup, high cost, and ongoing compliance
  • Best for: Long-term market presence and risk mitigation

How to Choose the Right Entity Structure

While choosing the right structure for your business, follow this checklist to make the right decision.

  • Understand the benefits and shortcomings of each structure
  • Assess your operational needs, including control, governance, complexity
  • Factor in liability and tax implications
  • Review local regulations and industry norms
  • Define your long-term goals like funding, M&A, and exits
  • Get expert insights from legal, financial, and tax advisory solution providers
  • Plan for documentation and ongoing compliance

Professional Business Entity Management Services

As a company scales internationally, entity management becomes increasingly complex. Growing firms count on established consultants like the IMC Group for professional business entity management services that streamline the process.

Experienced advisors offer comprehensive solutions in choosing the right type of entity and establishing the organization legally across the border. A strategic choice while deciding the entity structure and professional support during the crucial expansion process can propel global organizations to success.

Read More

Financial Due Diligence
  • NEWSLETTER, GLOBAL

Key Trends Shaping Due Diligence Finance

At a time when global investment environments are becoming increasingly complex, due diligence in finance has evolved from a traditional financial vetting tool into a multi-dimensional process. Today, businesses worldwide seek professional due diligence services from established partners to reduce risk, enhance transparency, and maintain the integrity of decision-making.

With technological evolution, AI-driven due diligence practices in M&A largely dominate key transactions. At this juncture, investors, acquirers, and financial institutions must understand the future of financial due diligence.

Global firms have been coordinating with prominent consultants specializing in financial due diligence services to steer growth and remain on the right path. In this edition, we’ve discussed some of the emerging trends and regional insights that are shaping the future of due diligence services.

Emerging Trends in Financial Due Diligence

In the age of AI-driven due diligence in M&A, businesses must remain proactive to learn the emerging trends in financial due diligence.

1. Data is Taking the Centre Stage

The modern due diligence process is increasingly driven by data. The rise of big data and real-time analytics has paved the way for this intelligent system. Investors use AI-powered tools to:

  • Assess their financial health
  • Forecast risks
  • Detect anomalies with amazing speed and accuracy

2. ESG Factors Gaining Prominence

Today, Environmental, Social, and Governance (ESG) considerations are more critical than ever. A report reveals that nearly 79% of institutional investors consider ESG to be a factor in their due diligence efforts. Global businesses are working closely with reputable partners for due diligence services to ensure ESG compliance.

3. The Role of Automation and AI

Automation and AI are significantly enhancing the screening process during due diligence. This reduces turnaround times and improves risk identification. From analyzing documents to predictive modelling, AI is enhancing the precision and scalability of financial due diligence services.

4. Cybersecurity Assessments Are Now A Standard

A report reveals that 60% of financial firms are integrating cybersecurity into their due diligence processes. Currently, evaluating data privacy protocols and IT infrastructure is a key component of risk assessment.

Regional Variations in Financial Due Diligence

Some interesting trends reveal these regional variations in financial due diligence.

1. North America

In North America, recent years have witnessed a significant surge in IPOs and M&A activity. Regulatory frameworks like Dodd-Frank and Sarbanes-Oxley count on meticulous AI-driven due diligence in M&A. Financial institutions are heavily investing in advanced technologies.

2. Europe

The due diligence process in Europe is largely prioritizing ESG. The SFDR (Sustainable Finance Disclosure Regulation) has integrated ESG compliance into the financial evaluation process.

3. Asia-Pacific Region

Due diligence is essential to mitigate fraud and regulatory evasion in emerging markets. In countries like India and China, 67% of investors consider due diligence the most critical process in the investment lifecycle.

4. Middle East and Africa

In African countries and Middle Eastern nations, economic diversification into sectors like fintech and renewable energy is fueling the demand for due diligence services. Businesses, working with reliable due diligence partners, can cautiously address regulatory complexities in these regions.

Key Factors Driving the Growth of Financial Due Diligence Services

Now, let’s examine the prime factors that have been driving the growth of financial due diligence services.

  • Increasing regulatory pressure
  • Technological advancements
  • Growing cross-border investments
  • Risk awareness among investors

Seek Professional Insights for AI-driven Due Diligence in M&A

Financial decisions are among the most defining ones for global firms that steer their success. While entering transactions, successful companies prefer working with established consultants like the IMC Group for AI-driven due diligence in M&A. Experts offering advisory solutions provide a comprehensive suite of services, including operational due diligence, ensuring tax compliance, and financial modeling services. Businesses must protect their investment decisions through data-oriented due diligence solutions from experts.

Read More

questions on operational due diligence
  • NEWSLETTER, GLOBAL

What Investors Should Ask About Operational Due Diligence in 2025

Over the last five years, companies worldwide have endured a series of global disruptions. It all started with the pandemic, and then global inflation due to war disrupted the momentum. The recent introduction of tariffs between major trading blocks continues to complicate the international business environment. These challenges have significantly reshaped supply chains, capital expenditure strategies, and operational resilience of global firms.

In 2025, operational due diligence is no longer a tool to identify risks. It’s a strategic requirement for companies. Investors and acquirers have been working with established advisory consultants for due diligence services. Professional consultation helps businesses determine how they should respond to adversaries.

In this edition, we have discussed the critical questions based on the operational due diligence best practices guide that should reshape any due diligence effort this year.

Question 1: How did the management handle the crises of the past five years?

While addressing this question, businesses must evaluate the following:

  • The effectiveness of crisis response strategies
  • The long-term impact on EBITDA margins and operating structure
  • Adjustments to the original investment hypothesis

Why it matters?

The average holding period for portfolio companies has increased to 5.7 years. Often, this overlaps entirely with global crises. Businesses must understand the adaptability and leadership capacity of management teams to predict performance in the future.

Question 2: What operational risks exist in the current value chain?

Companies assessing this question must address the following:

  • Concentration of suppliers and geographic exposure
  • Tariff risks associated with Class A suppliers
  • Effectiveness of purchasing and supplier management

Why it matters?

With increasing tariffs and cost volatility, depending on a limited number of suppliers can be a major vulnerability. Global firms must assess the maturity and resilience of the procurement function to understand the ability of the company to manage cost and supply pressures.

Question 3: Is the organizational structure of the company scalable for future growth?

Businesses, while understanding this aspect, must evaluate:

  • Readiness of their workforce and the capabilities for upskilling
  • Restart timelines for idle production lines
  • The flexibility of their capacity across sites and geographies

Why it matters?

The post-crisis recovery is prompting aggressive growth targets. For companies planning expansion, a scalable production and logistics setup is non-negotiable. Site visits, interviews with operations leadership, and lead-time analysis offer crucial insight here.

Question 4: How accurate are CapEx assumptions in the business plan?

Address these issues while evaluating this question:

  • Deferred investments and potential backlogs
  • Realistic pricing of equipment in current markets
  • Whether you have considered technological upgrades

Why it matters?

Historical cost assumptions can significantly underestimate contemporary capital requirements. A thorough review ensures the business plan reflects the pricing and technological requirements of the current market. Global companies cannot afford to thrive on outdated or overly conservative benchmarks.

Question 5: What value-creation opportunities exist beyond current performance?

This is a crucial question for most organizations. Evaluate the following aspects to strengthen your strategy.

  • Initiatives for cost reduction in the short term
  • Potential for structural transformation like automation or outsourcing
  • How practical proposed timelines project savings can be

Why it matters?

Many organizations take aggressive cost-saving measures before a sale. However, it’s critical to assess whether or not these are achievable and grounded in current operating conditions.

The Strategic Role of Due Diligence Services

With the transaction environment growing complex, comprehensive due diligence services offer a detailed oversight on:
  • Risk exposure
  • Operational readiness
  • Potential for value creation
  • Scalability

For investors, the important question is not what it is, but what could be under the right ownership and strategic direction.

Global companies partner with established consultants like the IMC Group for due diligence services, where professionals specialize in delivering this level of insight. Experienced advisors bring deep sectoral knowledge to the table, along with a stringent due diligence framework backed by data to help clients make confident decisions.

Businesses preparing for a transaction, exploring investment opportunities, or restructuring their operational footprints benefit from detailed due diligence services, gaining the clarity and foresight they need. With tailored due diligence solutions, companies worldwide can plan their next strategic move.

Read More

Why High Net Worth Investors Trust Singapore Despite Rising Tariffs header
  • NEWSLETTER,SINGAPORE

How Singapore Retains HNW Investor Confidence with Rising Tariffs

At a time when global trade tensions are raging high and tariff regimes are rapidly evolving, Singapore continues to attract high-net-worth individuals. Those looking for stability in wealth management are consistently turning to Singapore, considering certain strategic benefits.

Looking broadly, the investment environment across the globe seems unpredictable. The US has imposed a baseline tariff of 10% on global imports, and sector-specific duties have soared up to 3,403.9%.

For HNWIs, institutional investors, and multi-generational wealth planners, this instability calls for a reassessment of safe jurisdictions. In this environment, Singapore emerges as a viable alternative. It is a preferred global hub for asset preservation, diversification, and long-term strategy. The rise in the number of single family office in Singapore further contributes to its stability and appeal.

Singapore – A Safe Harbour amid a Storm of Tariffs

In early April 2025, the trade disruptions announced had significant implications for major economies in Southeast Asia. During the 90-day suspension of reciprocal tariffs from May 14 to July 9, countries like Cambodia, Vietnam, and Thailand still faced potential tariffs of up to 49%, 46%, and 36%, respectively.

However, Singapore avoided such tariffs. Even with the blanket 10% tariff applied during this pause, exempted sectors like semiconductors and pharmaceuticals remain relatively protected.

These advantages of Singapore in wealth and infrastructure continue to outweigh short-term trade pressures.

Financial Stability Integrated into Policy and Trust

The enduring appeal of Singapore to HNWIs lies in its institutional resilience. Its AAA sovereign credit ratings across major international agencies set it apart, as many large economies face downgrades. Other factors that fuel the confidence of investors in Singapore include:
  • The political consistency of the country
  • Strategic fiscal policies
  • Healthy foreign exchange reserves

In Singapore, the legal and regulatory systems also strengthen the trust of investors. Based on English common law principles, disputes are resolved quickly in Singapore, often within 10 months.

The Monetary Authority of Singapore (MAS) is responsible for the regulatory oversight in the country. Thus, it seamlessly balances innovation with financial security. The compliance with FATF recommendations and international transparency standards like FATCA further reinforce its global credibility. The number of single family office in Singapore witnessed a phenomenal 42.9% increment, rising from 1,400 in 2023 to 2,000 in 2024. Established advisory partners like the IMC Group continue to offer valuable consultation solutions to family offices. The country is consolidating its position as a major wealth management hub in Asia.

A Tax Regime Tailored for Growth

The tax environment in Singapore is another critical aspect that draws global wealth.

  • With no capital gains tax, a territorial tax system, and an extensive network of Double Taxation Agreements (DTAs), private investors and family offices enjoy both clarity and efficiency.
  • As per Sections 13O and 13U of the Income Tax Act, qualifying funds, including those operated by a single family office in Singapore, can enjoy tax exemptions on specified income.
  • Singapore’s approach to OECD BEPS 2.0, through mechanisms like Refundable Investment Credits, demonstrates a controlled commitment to both compliance and competitiveness.

These policies encourage substantial economic activity. With mandated local spending and the employment of investment professionals, the country appeals to wealthy families and investors.

The favourable tax environment, along with strategic policy foresight, has been deepening the impact of family offices on private wealth management in Singapore. It empowers intergenerational planning and capital preservation across volatile market cycles.

A Government That Moves with the Market

The intelligible leadership of Singapore has responded decisively to evolving threats to trade. For instance, in April 2025, the Singapore Economic Resilience Taskforce (SERT) was established. It speaks a ton about Singapore’s proactive approach to policies.

The MAS has also allowed a calibrated adjustment in the exchange rate policy band. The goal is to balance inflation and economic activity. On the other hand, programs like the Enterprise Development Grant (EDG) and Productivity Solutions Grant (PSG) continue to help businesses transform.

Singapore, responding to US tariffs, has strengthened its focus on the ASEAN market. This region boasts a strong block of 680 million consumers, where businesses can carry out tariff-free trade through the ASEAN Free Trade Area (AFTA) and RCEP. These 27 FTAs reduce tariffs by up to 100% on eligible goods, a stark contrast to the Western markets.

Additionally, the technological innovation of Singapore gives it a strategic edge in terms of value proposition. MAS-led fintech sandboxes and AI integration in finance help the country come up with innovative digital wealth solutions.

Green finance is another rising trend in Singapore. Initiatives like the Green Finance Action Plan and the Green Finance Industry Taskforce (GFIT) support the country’s ambition to evolve into a sustainable finance hub in Asia.

Growing Reputation Among Global Wealth Leaders

The impact of family offices on private wealth management Singapore has been phenomenal, as evident from the rising number of family offices in recent years. Wealth managers prioritise the strategic value of Singapore due to geographic diversification and access to alternative investments.

Gold and real estate continue to be the safe options for investors. Many family offices are also reallocating capital from the US to Asia and Europe, considering the more predictable policymaking environments in these regions.

The IMF recently endorsed the banking sector in Singapore as “sound and resilient”. International credit agencies also maintained the AAA ratings for the country. Listing interest from Chinese firms in the Singapore Exchange also reflects growing confidence. Moreover, the S$5 billion equity market development program from MAS is further likely to strengthen liquidity.

Structures like the Variable Capital Company (VCC) have further empowered fund managers and single family office operations with a greater degree of flexibility and confidentiality. Along with established trust laws, these structures ensure that Singapore remains at the forefront of asset protection without compromising regulatory alignment.

Consultation for Single Family Offices in Singapore

In the face of rising global tariffs, Singapore is not merely surviving, but flourishing. With prudent governance, adaptable policies, tax reforms, and strategic global engagement, Singapore is the preferred hub for wealth creation in Asia.

Emerging financial organisations like single family offices can consult established professionals like the IMC Group for strategic advisory solutions. The trusted wealth advisory experts can help family offices expand in the evolving financial environment in Singapore.

Read More

Why SPVs are a Strategic Tool for Global Business Structuring and Growth
  • NEWSLETTER, GLOBAL

Why SPVs are a Strategic Tool for Global Business Structuring and Growth

As international businesses and fund managers seek efficient vehicles for investment structuring, Special Purpose Vehicles have become a preferred choice. SPVs offer the operational flexibility global organizations need while aligning with international regulatory best practices.

With new legislative developments, FDI is pouring into the top economic hubs of the world. This makes some countries a compelling choice for establishing an SPV.

What Makes SPVs a Vital Component of Global Investment Strategy?

SPVs continue to gain traction in financial and investment ecosystems around the world. Governments and regulatory bodies are creating frameworks designed to attract international capital. Recent reforms in various financial jurisdictions reflect the high demand among investors as the market matures. A vibrant tech ecosystem and booming sectors like AI and fintech further accelerate this growth.

Who Uses SPVs and Why?

A wide range of organizations and investors use SPVs. These include:

  • Private equity and venture capital firms
  • Real estate developers
  • Technology startups
  • Family offices and HNWIs
  • Asset managers

These entities often collaborate with professionals to provide accurate SPV administration services and remain on the right track.

Some of the prime advantages of using SPVs globally include:

  • Access to a business-friendly environment and world-class infrastructure
  • Regulatory frameworks that support compliance and transparency
  • Central location connecting Asia, Europe, and Africa

The Value of a Trusted Corporate Service Provider

On establishing an SVP, businesses can take advantage of a rewarding regulatory environment. A skilled corporate services partner streamlines the setup and ensures long-term compliance. Some of the key support from these professionals includes:

  • Forming the SVP and ongoing global entity management services
  • Assistance with regulatory filings, AML compliance, and documentation
  • Local representation and advisory for day-to-day operations
  • Support with PRO, payroll, visa processing, and board governance

Professional SPV Administration Services From Experts

While an increasing number of businesses are looking to form an SVP, they often stumble on regulatory and compliance hurdles. Partnering with an established team of consultants like the IMC Group for SPV administration services helps successful brands with the SPV setup and ongoing administration.

The professionals streamline the process further with global entity management solutions. Working closely with these experts, organizations can prioritize governance and risk management, and gain access to proprietary technology platforms for document and operations management. Global businesses must establish an efficient SVP structure with expert advisory solutions and remain compliant.

Read More

Why is ESG Due Diligence a Strategic Priority for Responsible Growth
  • NEWSLETTER, GLOBAL

Why is ESG Due Diligence a Strategic Priority for Responsible Growth

At a time when regulatory norms and stakeholder scrutiny are on the rise, ESG due diligence service has emerged as an essential requirement for establishing a sustainable business strategy.

Today, 79% of investors consider ESG performance a key investment criterion, and 49% may cease collaborating with companies that overlook ESG standards. The message is clear – powerful ESG oversight ensures credibility and capital access.

ESG is no longer a peripheral concern for MNCs and their supply chains. It’s a fundamental necessity for these organizations. For companies striving to scale responsibly, ESG due diligence is a critical framework for evaluating the ethical, environmental, and operational integrity of internal processes and third-party relationships.

Leading businesses seek ESG due diligence services from established partners to remain compliant.

The Business Case for ESG Integration

With effective ESG due diligence, businesses can proactively identify and manage risks related to:

  • Environmental sustainability: Reducing emissions, minimizing pollution, and safeguarding biodiversity
  • Social accountability: Promoting fair labor practices, human rights, and safe working environments
  • Corporate governance: Ensuring transparency, ethical compliance, and legal adherence

Keeping Pace with Global Frameworks for Regulatory Alignment

As global jurisdictions tighten ESG compliance, businesses face mounting regulatory obligations. Over 30 countries have enacted legislation in line with the EU Corporate Sustainability Due Diligence Directive (CSDDD). Some of these include:

  • The Supply Chain Due Diligence Act of Germany
  • The Modern Slavery Act of the UK
According to these mandates, companies are required to:
  • Conduct comprehensive risk assessments across their supply chain
  • Exercise control to prevent and mitigate violations of human rights and environmental norms
  • Transparently document stakeholder communications, particularly in cases of adverse impact
Businesses must choose the right team of professionals for ESG due diligence services, as it’s all about establishing their leadership through responsible conduct.

Risk Mitigation for Consistent Operations

Amid rising competition, neglecting ESG can be dangerous. Business consequences can be far-reaching in case of non-compliance, from disrupted supply chains to penalties and reputational damage to investor back-outs. The financial impacts of ESG failures are significant, often resulting in legal issues and the erosion of brand value over time.

Businesses, therefore, need proactive ESG due diligence services to maintain a resilient supply chain and comply with regulations.

How Does ESG Due Diligence Deliver Market Advantage through Competitive Differentiation?

Today, sustainability is a key differentiator in global procurement and investment decisions. Companies with robust ESG protocols are better positioned to:
  • Secure preferential access to ESG-conscious investors and capital
  • Build the trust of stakeholders and strengthen the long-term loyalty of stakeholders
  • Stay ahead of emerging industry benchmarks and global disclosure norms

Professional ESG Due Diligence Service to Bridge the Compliance Gap

While brands recognize the value of due diligence, execution remains a challenge. Most organizations encounter roadblocks like over-dependence on outdated models for screening suppliers, inefficiencies in gathering and validating data, and a lack of dynamic monitoring tools for ongoing ESG performance.

Successful businesses partner with professional consultants like the IMC Group for comprehensive ESG due diligence services. These experienced advisors provide smart and tech-enabled due diligence solutions to help brands address challenges and remain compliant.

Read More

Dubai Golden Visa 2025 for Yacht Owners and Professionals
  • NEWSLETTER,U.A.E

How Dubai’s Golden Visa Program Offers a 10-Year Haven for Yacht Owners and Global Talent

Dubai and Abu Dhabi have raised the anchor on a bold new expansion of the Dubai Golden Visa program. The UAE now offers a 10-year residency program to yacht owners and professionals in various fields, including nurses, content creators, gaming professionals, and teachers.

This strategic move falls in line with the broader ambition of the UAE to establish itself as a global hub for innovation and investment, attracting high-net-worth individuals. With this initiative, the UAE strengthens its foothold in the luxury tourism and maritime industries.

How the Golden Visa Program of the UAE Can Benefit Foreign Investors

Originally launched in 2019, the UAE designed its Golden Visa program to provide long-term residency for foreign investors, entrepreneurs, and specialized professionals. Now, the authorities announced an expansion of the program in May 2025. The residency program has been extended to include a wider range of categories. Particularly, this includes luxury yacht owners, maritime executives, and other high-value talent like nurses, teachers, content creators, and gaming professionals.

Applicants enjoy a suite of attractive benefits for foreign investors. These include:

  • No need for a local sponsor or employer
  • Full family sponsorship with the same duration of residency
  • No personal income tax, capital gains tax, or inheritance tax
  • Ease of doing business, banking, and property ownership in the UAE
  • The residency remains uninterrupted, even if the visa holder spends extended time outside the country

The UAE appears to be an incredible destination for those skilled talent looking to upgrade their lifestyles. Relocating to the UAE also brings in business growth and tax efficiency.

Now, let’s take a look at how the Golden Visa Program of the UAE can benefit foreign investors.

The Golden Quay and Superyacht Residency

Authorities have launched “The Golden Quay” in Abu Dhabi. This is a collaboration between the Abu Dhabi Investment Office (ADIO), the Department of Culture and Tourism (DCT), and Yas Marina. The initiative targets yacht owners whose vessels exceed 40 meters in length, along with key players in the same ecosystem.

Eligible individuals include:

  • Owners of yachts measuring 40 meters or longer
  • CEOs, major shareholders of yacht-building companies
  • Central yacht agents, brokers, and service providers
  • Yacht insurance and maintenance executives
  • Immediate family members of the principal visa holder

The Golden Quay Visa

The Golden Quay integrates this niche segment into economic and tourism plans in Abu Dhabi. It provides residency visas that remain valid for 10 years. Also, it includes marina rates, investment incentives, and access to world-class luxury amenities.

The Superyacht Golden Visa

In Dubai, the Superyacht Golden Visa takes the same approach. It allows yacht owners and industry executives to obtain long-term residency in the UAE. This new initiative was announced during the 2025 Dubai International Boat Show. Its goal is to anchor the status of the emirate as a leading yachting destination in the world. Interestingly, the UAE has yachting rivals like other popular hotspots like Monaco and the French Riviera.

Empowering Economic Diversification and Tourism

The new visa strategy in the UAE isn’t just about tourism. It is a calculated measure to fuel the growth of the marine economy of the country, which is currently valued at over $1.2 billion. At the same time, this initiative boosts high-end tourism, waterfront real estate, and marina infrastructure. At the same time, the country attracts UHNWIs with a taste for exclusivity.

The Golden Visa expansion is also part of the UAE’s Vision 2030. This initiative has been taken to attract 100,000 skilled professionals in the next five years to diversify the economy of the country beyond oil. Interestingly, the nation attracted 9.8 million visitors in 2024, and 15,000 startups are currently operating in Dubai. The government is aggressively carving out its identity as a knowledge-based economy that attracts global talent.

Golden Visa Now Available for Professionals from Other Fields

Apart from luxury yacht owners, five new categories of professionals have been added to the Dubai Golden Visa program.

  • Nurses with 15+ years of service
  • Educators, including school teachers and university staff
  • Digital content creators, including podcasters and influencers
  • E-sports and gaming professionals
  • Luxury yacht owners and industry leaders
All these professionals enjoy the same perks, like family sponsorship, tax benefits, residency stability, and seamless business operations. Interestingly, this flexibility isn’t available in the visa systems of many other countries. This positions the UAE as a leading choice for foreign nationals to relocate to in the long term.

Smart Investors Must Apply for Dubai Golden Visa

Foreign investors or entrepreneurs considering a long-term residency in the UAE must apply for the Golden Visa program. Even skilled professionals from different fields and yacht owners can now benefit from the favourable tax environment and world-class infrastructure. Consult a professional like the IMC Group to apply for the Dubai Golden Visa and relocate to the UAE. This is an excellent opportunity for those ready to invest in the Middle East or upgrade their lifestyles.

Read More

Singapore Shareholders Key Guidelines for Businesses
  • ARTICLE,SINGAPORE

Shareholder Roles and Obligations in Singapore Companies

Singapore Shareholders: Key Guidelines for Businesses

Setting up a business in Singapore requires understanding different legal and regulatory issues, with shareholder obligations being one of the most crucial ones. Shareholders play an important role in the Company in terms of governance, rights, responsibilities, and structure.

A company shareholder is a member of the company that owns shares of the company after having purchased shares and invested in the capital of the company. Shareholders of a private limited company in Singapore have important roles and rights with the company.

The presence of shareholders in Singapore impacts entire business operations. Whether you are an investor or entrepreneur, it is important to understand the shareholder requirements for businesses in Singapore to ensure smooth management and better compliance.

Basic Shareholder Requirements for Businesses in Singapore

The proper structure in Singapore organizations impacts business operations, ensuring growth. The shareholder requirements in Singapore are flexible, providing a suitable approach for SMEs and startups.

Singapore’s regulatory framework is highly conducive to international business, allowing for 100% foreign ownership of companies. Additionally, it offers the flexibility to issue shares in any currency, which facilitates seamless regional and global expansion. The financial barrier to entry is remarkably low, with a minimum share capital requirement of just S$1, enabling entrepreneurs to commence operations with minimal initial investment.

Shareholding Structures Across Various Business Entities in Singapore

Three primary business entities in Singapore follow a proper shareholding structure. Below are the key structures that one should be following:

Private Companies

Private Companies have around 50 shareholders, both individuals and corporations. This provides flexibility for small and medium enterprises. There are also exempt private companies with up to 20 shareholders, but none of them will be corporations.

Public Companies

Public companies limited by shares are flexible and can have more than 50 shareholders. They can also raise funds via public share offerings. However, to protect investors’ interests, these companies must register with the Monetary Authority of Singapore.

Unlimited Companies

Unlimited Companies can be private or public, but shareholders have unlimited liability. This model is specific for businesses and mandated by the government, especially to reduce risk around the structure.

Shareholders Rights and Duties

The legal framework of Singapore requires companies to follow specific duties and rights for the shareholders. Below are the duties and rights to be followed:

Shareholder Rights

  • Voting Rights

This is in terms of electing directors during a general meeting and approving directors’ fees.

  • Profit-Sharing Rights

This indicates dividends, as they are subject to the company’s Constitution.

  • Liquidation Rights

This is regarding the distribution of assets (after paying creditors).

  • Fair Treatment

This is a legal requirement.

  • Communication

This is in relation to communicating with members of the board or directors, through the medium of calls or meetings.

Shareholder Duties

  • Participate in general meetings and Annual General meetings
  • Proper Transfer of Shares
  • Support for Business Growth
  • Payment for Shares
  • Accurate Ownership Records

It is very important for businesses to comply with the roles and legal obligations of shareholders in Singapore private limited companies.

Maintaining the Shareholder Register for Singapore Private Limited Company

Maintaining a shareholder register is crucial in the structure of Singapore’s private limited company. To understand how to maintain a shareholder register for Singapore Private Limited Company, keeping a record of the names, addresses, shareholdings, and other personal details of the shareholders is essential. It is necessary to maintain not only a hardcopy format but also electronics. The register must be stored at the registered office or corporate headquarters.

Conclusion

Following a proper shareholder structure is very important in Singapore business entities. Whether you’re an entrepreneur or a foreign investor, know the rules and regulations, especially to abide by the conditions and legal situations. It is best to consult experts who can help you understand the process.

Read More

Your Vision, Our Mission.
Let's Discuss.

Contact Us
A Member Firm of Andersen Global
  • 175+ Countries
  • 525+ Locations
  • 17,500+ Professionals
  • 2350+ Global Partners
Contact Us
  • 175+ Countries
  • 525+ Locations
  • 17,500+ Professionals
  • 2350+ Global Partners
Contact Us
Global presence