Replacing a Nominee Director in Singapore: Employment Pass Options, COMPASS Scoring, & Step-by-Step Transition | Bestar Replacing a Nominee Director in Singapore: Employment Pass Options, COMPASS Scoring, & Step-by-Step Transition Under Section 145 of the Singapore Companies Act, every private limited company registered in Singapore must have at least one director who is ordinarily resident in the country. For foreign entrepreneurs, hiring a nominee director through a Corpora

Singapore Work Visa Application Guide | Bestar Singapore Work Visa Application Guide Navigating Singapore’s Ministry of Manpower (MOM) regulations requires balancing technical accuracy with speed. Whether you are expanding a business or bringing critical talent into Singapore, securing the right work pass without delays demands expert oversight. Which Singapore Work Pass Do You Need? Selecting the correct visa category depends on your role, compensation, and qualifications. P

Compare Dependant's Pass vs LTVP requirements DP vs LTVP Requirements Comparison | Bestar DP vs LTVP Requirements Comparison Navigating Singapore's family visa frameworks requires a clear understanding of the Dependant’s Pass (DP) and the Long-Term Visit Pass (LTVP). While both allow family members of work pass holders, Permanent Residents (PRs), or Singapore Citizens (SCs) to reside in the country, they cater to distinct relationship categories, income brackets, and regulato

Singapore Financial Statements: Filing Requirements, Exemptions, and XBRL Templates | Bestar Singapore Financial Statements: Filing Requirements, Exemptions, and XBRL Templates All Singapore-incorporated companies must prepare and file financial statements as part of their annual return with the Accounting and Corporate Regulatory Authority (ACRA), unless explicitly exempted by law. Key Rule: Filed financial statements form part of your company's public record and are accessi

How to File Corporate Tax in Singapore: Complete Step-by-Step Guide | Bestar How to File Corporate Tax in Singapore: Complete Step-by-Step Guide Filing corporate income tax in Singapore requires strict adherence to Inland Revenue Authority of Singapore (IRAS) guidelines. Singapore operates on a preceding year basis, meaning tax filed in Year of Assessment (YA) 2024 covers the financial year ending in 2023. Overview of Corporate Tax Rates & Exemption Schemes Singapore levies a

Singapore Work Pass Guide 2026 Work Permit vs S-Pass vs EP: Which Pass for Which Role? (Singapore 2026) | Bestar Work Permit vs S-Pass vs EP: Which Pass for Which Role? (Singapore 2026) A misclassified work pass can delay your hire by 3 to 6 weeks, lead to MOM rejection, waste application fees, and cost you the candidate. Singapore has three primary work pass categories for foreign workers: Work Permit, S-Pass, and Employment Pass (EP). Choosing the right pass depends on sala

Outsourced Accounting Services Singapore: Comprehensive 2026 Guide & Strategic Solutions | Bestar Outsourced Accounting Services Singapore: Comprehensive 2026 Guide & Strategic Solutions Outsourcing accounting in Singapore enables businesses—from high-growth startups to multinational corporations—to reduce operational overhead while ensuring strict compliance with IRAS, ACRA, and Singapore Financial Reporting Standards (SFRS). Bestar provides end-to-end financial operations,

M&A Valuation | Bestar M&A Valuation M&A Valuation (Mergers and Acquisitions Valuation) is the quantitative process of determining the economic net worth of a target company during a corporate acquisition, merger, or divestiture. Valuations rely on three core methodologies: Discounted Cash Flow (DCF), Comparable Company Analysis (Comps), and Precedent Transactions. Primary M&A Valuation Methodologies ├── Income Approach ────────► Discounted Cash Flow (DCF) ├── Market Appro

Learn about capital allowances rules Singapore Capital Allowances Rules In Singapore, accounting depreciation is non-tax deductible and is added back to a company’s net profit during tax computation. Instead, businesses claim Capital Allowances (CA) on qualifying plant and machinery used for trade or business under the Income Tax Act 1947. IRAS+ 1 Key Methods for Claiming Capital Allowances 1. One-Year Accelerated Write-Off (100%) Under Section 19A, full capital expenditure

Explain non-deductible vs allowable tax expenses Allowable Versus Non-Deductible Tax Expenses | Bestar Allowable Versus Non-Deductible Tax Expenses In tax reporting, expenses are categorized based on whether they can be deducted from gross income to reduce taxable profit. The distinction between allowable expenses and non-deductible expenses boils down to whether an expense is directly related to generating business income. Core Comparison Feature Allowable Tax Expenses Non-D

Singapore Corporate Income Tax Guide | Bestar Singapore Corporate Income Tax Guide Singapore Corporate Income Tax (CIT) is assessed on a preceding year basis and capped at a competitive flat rate of 17%. Whether you are launching a startup or running an established enterprise, understanding your tax obligations with the Inland Revenue Authority of Singapore (IRAS) ensures full compliance while maximizing local tax savings. General Corporate Income Tax Rules Definition of a Co

Business Valuation Services in Singapore | Bestar Singapore Business Valuation Services in Singapore | Bestar Singapore Bestar Singapore provides independent, industry-tailored business valuation services to support strategic transactions, financial reporting, tax compliance, and dispute resolution. Ranked as the #1 financial advisory firm globally, our Valuation Services team combines global network intelligence with deep ASEAN market insights. We assist multinational corpor

M&A Due Diligence & Quality of Earnings (QofE) Services in Singapore | Bestar M&A Due Diligence & Quality of Earnings (QofE) Services in Singapore Navigating mergers and acquisitions in Southeast Asia's financial hub requires rigorous oversight. Buyers and sellers face a common challenge: standard audited financial statements often fail to reflect a target company's true, sustainable cash generation. Comprehensive M&A due diligence and Quality of Earnings (QofE) analysis br

Expert Singapore Bookkeeping Services Expert Bookkeepers in Singapore: Streamlined, Audit-Ready Accounting | Bestar Expert Bookkeepers in Singapore: Streamlined, Audit-Ready Accounting Maintaining accurate financial records is essential for regulatory compliance, tax filing, and business growth in Singapore. With expert bookkeeping services, businesses ensure full compliance with IRAS and ACRA regulations while freeing up valuable administrative resources. Why Choose Professi

Registering a Company in Singapore How to Register a Company in Singapore: The Complete 2026 Guide | Bestar How to Register a Company in Singapore: The Complete 2026 Guide Singapore consistently ranks as one of the easiest places in the world to build and scale a business. With a straightforward tax framework, robust legal protections, and a 100% digital incorporation process via the Accounting and Corporate Regulatory Authority (ACRA), establishing a business here is efficie

How to File Singapore Annual Returns via Bizfile | Bestar How to File Singapore Annual Returns via Bizfile How to file an annual return for a Singapore local company through Bizfile (ACRA's eService). Quick Summary: ACRA Annual Return Rules Who Must File: Every local company incorporated in Singapore (Active or Dormant). Filing Platform: ACRA Bizfile portal using Corppass / Singpass. Key Requirement: Pre-filled details from previous filings are available; you must review, upd

Singapore GST ACAP Guide | Bestar Singapore GST ACAP Guide The Assisted Compliance Assurance Programme (ACAP) is a voluntary compliance framework established by the Inland Revenue Authority of Singapore (IRAS). Designed for businesses seeking strong corporate governance, ACAP helps organizations establish a robust GST Control Framework to ensure accurate, ongoing tax reporting and mitigate non-compliance risks. Direct Answer: Key Takeaways Target Audience: Large, complex busi

Bookkeeping for GST-registered Company in Singapore | Bestar Bookkeeping for GST-registered Company in Singapore Bookkeeping for a GST-registered company in Singapore requires tracking output tax on sales, input tax on purchases, and maintaining a separate GST account to prepare accurate F5 returns for the Inland Revenue Authority of Singapore (IRAS). Core GST Bookkeeping Requirements Tax Coding: Categorize every transaction correctly into standard-rated supplies (9% GST), ze

Corporate Income Tax Filing | Bestar Corporate Income Tax Filing Singapore Corporate Income Tax (CIT) Filing Guide Singapore companies must file their Corporate Income Tax returns annually with the Inland Revenue Authority of Singapore (IRAS). For Year of Assessment (YA) 2026, all companies—regardless of revenue or active operational status—must submit their tax returns electronically via the myTax Portal. Key Filing Deadlines & Mandatory Form Types Every incorporated busines

Corporate Income Tax Filing Season 2026 - Singapore | Bestar Corporate Income Tax Filing Season 2026 - Singapore The Inland Revenue Authority of Singapore (IRAS) requires all incorporated entities to complete their Year of Assessment (YA) 2026 corporate tax obligations. Navigating these requirements involves strict deadlines, updated Budget 2026 tax rebates, and choosing the appropriate filing form. Key Tax Filing Deadlines for YA 2026 Singapore operates on a preceding-year