The recent move by two groups of Queen’s Counsel from London to set up shop in Singapore is a testimony to the city state’s standing as a global arbitration hub. It has been reported that the Singapore International Arbitration Centre (SIAC) has so far handled close to 150 cases this year involving claims over $1.4 [...]
The companies Act requires all Singapore incorporated entity to have a Singapore based registered address. The registered address can be either private residential or commercial address. Registered address cannot be a PO Box. For residential addresses, you need to seek permission from the Housing and Development Board (HDB) or Urban Development Authority. AsiaBiz provides a [...]
A Council for Private Education has been set up under the Private Education Act to enforce rules and regulations for private school operators. Starting on December 21, 2009, all Private Education Institutions (PEI) must register with the council to operate in or from Singapore. PEIs affected are those offering full-time preparatory courses for entrance or [...]
GeBIZ is the Singapore government’s one-stop e-procurement portal. All the public sector’s invitations for quotations and tenders are posted on GeBIZ. Suppliers can search for government procurement opportunities, download tender documents, and submit their bids online. GeBIZ allows any supplier to access public sector business opportunities anywhere and anytime with just an Internet connection. As [...]
The findings of Global Management Pay Report, published by Hay Group, was released recently and it was revealed that the manager in Singapore command the third highest disposable income in Asia besides the relatively high cost of living. The higher disposable income enjoyed by manager is attributable to the low tax rates and inflation. Also [...]
After your Singapore company has been setup, you can start your business activities immediately. However, you may need to do the following if it is applicable to you. A. Open bank accounts. You may want to choose a bank that serves your corporate banking needs. i.e. Letter of credit, multi currency, location of the [...]
A recent survey by Barclays Wealth and the Economist Intelligence Unit found Singapore’s rich are among the most optimistic of global investors on real estate, expecting the value of their property holdings to rise in the next two years. They have plans to raise their property investments from the current average of 25 percent of [...]
The explosive growth of the internet has caused radical changes to many aspects of business, but even as online communication is used with higher frequency each year – from emails to instant messenger services – phone calls are still at the heart of communication in the business world. There’s no substitute for speaking to colleagues, [...]
Leased lines are among the most efficient phone connections available for business premises, which are capable of delivering high speed broadband access and connecting multiple locations. With a leased line, you will no longer need to worry about your connection being slower than promised as you won’t be sharing a network. Therefore, a 2Mbps connection [...]
Compiling benefits packages to suit the needs of the typical employee is a task often doomed to failure, especially in organisations that employ people from a range of backgrounds who are likely to have very different requirements. Rather than wasting considerable funds on benefits that are not likely to be needed or appreciated by the [...]
With so many different locations hoping to draw tourists to their sunny climes this year, one of Europe’s fastest rising coastal destinations is Larnaca in Cyprus, which is becoming ever more popular with holidaymakers as well as business travellers. This historical city on the shores of the Mediterranean offers much to appeal to cultural explorers [...]
When travelling to New York with a dog, you may think it would be difficult to find things to do with your canine companion. However, with some research and planning you may be surprised at the amount of pet friendly attractions you can find. For many dogs and their owners, one of the simplest pleasures [...]
