Sole proprietorship is considered as the most basic type of business structure in Singapore. This is ideally recommended for small businesses owned by a single individual. It is easy to set up, takes minimal costs and simple compliance requirements. Thus, it is the favoured entity type for most first time and small entrepreneurs General Characteristics […]

Since becoming independent in August 1965, Singapore’s economy has grown rapidly. Often called Southeast Asia’s tiger economy, the Lion City boasts one of the world’s highest per capita Gross Domestic Product (GDP). The City State’s economic boom over the years is no accident – it is a result of meticulous ‘free-market’ economics and autocratic policies, […]

The year of 2017 has been a year of suspense and drama in terms of economic fluctuations for Singapore’s economy. The previous year witnessed the economy still reeling from the cusp of recession, predicted to have an uncertain and mute economic mood beginning its first quarter. Nevertheless, the economy still surpassed expectations as it attained […]