Common Singapore Tax Mistakes | Bestar Singapore Tax Mistakes To Avoid Common Singapore Tax Mistakes Filing taxes in Singapore is often touted as one of the most efficient processes in the world. However, simplicity can lead to complacency. Whether you are a business owner or an individual taxpayer, the Inland Revenue Authority of Singapore (IRAS) maintains a rigorous audit process, and "honest mistakes" can still result in heavy penalties. To help you stay compliant, here is

The Definitive Guide to Accounting Services in Singapore (2025 Edition) | Bestar Singapore Accounting Guide The Definitive Guide to Accounting Services in Singapore (2025 Edition) Singapore remains a global business hub, but 2025 has brought significant changes to how SMEs must report their financials. Whether you are a newly incorporated startup or an established firm, navigating ACRA’s stricter 2025 reporting standards  and IRAS’s new YA 2025 Corporate Income Tax (CIT) Reba

Nominee Director Services: What You Need to Know | Bestar Nominee Director Services: What You Need to Know (Singapore 2026) Expanding your business into Singapore is a strategic move, but it comes with specific legal hurdles. The most common challenge for foreign entrepreneurs is the statutory requirement  for a local resident director. If you don't have a local partner, Nominee Director Services  are the standard solution. This guide covers everything you need to know about

Best Corporate Bank Accounts in Singapore 2025

How to Register a Company in Singapore (2025 Ultimate Guide) | Bestar Singapore Company Registration How to Register a Company in Singapore (2025 Ultimate Guide) Are you looking to tap into Asia’s most business-friendly economy? Setting up a business in Singapore remains the gold standard for entrepreneurs worldwide. In 2025, the process is faster than ever, but regulatory compliance is stricter. This guide provides a step-by-step roadmap to Singapore company formation, updat

Bestar Singapore: Singapore Business OS Bestar Singapore: Singapore Business OS To compete with a digital-first, high-growth platform, Bestar Singapore  leverages its strengths as a high-touch, full-service professional firm while modernizing its delivery model. Based on an analysis, here is how Bestar strategically competes: 1. "Specialized Expertise" vs. "Outsourced Support" User feedback on platforms like Reddit suggests that while Outsourced Support is efficient for basic

XBRL Filing Services Singapore | Bestar XBRL Filing Bundled With Audit XBRL Filing Services Singapore In Singapore’s rigorous regulatory landscape, compliance is not just about ticking boxes—it’s about data precision. For most companies, XBRL (eXtensible Business Reporting Language) filing is a mandatory part of the Annual Return process. Increasingly, businesses are choosing to bundle XBRL filing services with their statutory audit . This integrated approach ensures that th

Audit Firm for Start-up Singapore | Bestar Singapore Startup Audit Firm Guide Finding the right audit firm is a critical milestone for any startup in Singapore. Whether you are scaling toward a Series A or simply ensuring your "small company" status is protected, regulatory compliance is the foundation of your credibility. This guide outlines everything a founder needs to know about choosing an audit firm in 2025. 1. Do You Actually Need an Audit? (The 2025 Criteria) In Singa

Would You Like a Specific Market Entry Checklist for Singapore? | Bestar Singapore Market Entry Checklist Would You Like a Specific Market Entry Checklist for Singapore? Navigating the Lion City: Your Essential Market Entry Checklist for Singapore Singapore is consistently ranked as one of the world's easiest places to do business. However, "easy" doesn't mean "automatic." For international businesses looking to tap into the Southeast Asian market, Singapore serves as the ult

Drafting a "Request for Proposal" (RFP) to Send to Bestar for a Formal Audit Quote | Bestar Drafting a "Request for Proposal" (RFP) to Send to Bestar for a Formal Audit Quote To get an accurate and competitive quote from Bestar , your Request for Proposal (RFP) needs to provide enough "volume data" for us to estimate the man-hours required. A vague request often leads to higher quotes as auditors build in a "buffer" for unknown complexities. Use the template below to ensure y

Sample Board Resolution for the Appointment of Bestar as Your Company’s Auditor | Bestar Sample Board Resolution for the Appointment of Bestar as Your Company’s Auditor This is a standard template for a Directors' Resolution in Writing (DRIW) . In Singapore, this document is necessary to formalize the appointment and serves as the supporting document for the Corporate Secretary to update ACRA. [COMPANY NAME] (Incorporated in the Republic of Singapore) (Company Registration No

How to Register a Singapore Company and Open a Bank Account in 2025 | Bestar Singapore Company and Bank Account Guide Singapore remains the premier global hub for entrepreneurs due to its tax efficiency, political stability, and ease of doing business. If you are looking to set up a Singapore company and bank account , this comprehensive guide covers the latest ACRA requirements and banking trends for 2025. 1. Choosing the Right Business Structure Before registering with the

Ready to Launch? Contact Our Company Formation Specialists in Singapore Today! | Bestar Singapore Company Formation Services Inquiry Starting a business in Singapore , a global hub for commerce and innovation, is an exciting venture. To ensure a smooth, compliant, and efficient company setup process, partnering with experienced company formation specialists  is essential. Our team provides the expert guidance you need to navigate the regulatory landscape and focus on what mat

Write a Will | Bestar Singapore Will Writing Guide Will Singapore: A Comprehensive Guide to Protecting Your Legacy Planning for the future can feel daunting, but securing your assets and ensuring your loved ones are provided for is one of the most important steps you can take. In Singapore, creating a valid Will is the cornerstone of effective estate planning. This article provides a comprehensive guide to writing a Will in Singapore, covering the essential requirements, bene

FATCA and CRS Tax Guide | Bestar FATCA and CRS Tax Guide The Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) are international frameworks designed to combat tax evasion by promoting the automatic exchange of financial account information. Here is a guide to the key features, differences, and reporting requirements of FATCA and CRS: Overview of FATCA and CRS Both FATCA and CRS require Financial Institutions (FIs) worldwide to identify their

Sample SFO Setup Advisory & Service Agreement | Bestar SFO Setup Advisory Agreement Sample SFO Setup Advisory & Service Agreement ADVISORY & SERVICE AGREEMENT FOR SINGLE FAMILY OFFICE (SFO) ESTABLISHMENT IN SINGAPORE This Agreement is made on this 1st  day of December, 2025 BETWEEN: The Client: Name:  [ Family Name ] (acting through [ Authorized Representative Name ]) Address:  [ Client's Primary Address ] (Hereinafter referred to as the " Client ") AND The Advisor: Name:  B

Audit Firm | Bestar Securing Financial Trust: Your Guide to Choosing the Best Audit Firm in Singapore The corporate landscape in Singapore is characterized by robust regulatory frameworks, making the selection of the right audit firm in Singapore a critical decision for any business, regardless of its size. A professional audit does more than just ensure compliance; it provides a stamp of credibility that is invaluable for stakeholders, investors, and regulatory bodies like

Bestar Reply Setting Up a Single Family Office (SFO) in Singapore Inquiry Bestar Reply Setting Up a Single Family Office (SFO) in Singapore Inquiry Dear Client, 🇸🇬 Setting Up Your Single Family Office (SFO) in Singapore: Your Path to Global Wealth Management with Bestar Thank you for reaching out to Bestar Singapore  regarding the establishment of your Single Family Office (SFO) in Singapore. We are delighted to guide you through the seamless process of leveraging Singapore

Register a Company | Bestar Register Company Singapore: A Guide 🇸🇬 The Ultimate Guide to Register a Company in Singapore: Fast, Easy, and Compliant Singapore stands out as one of the fastest and easiest places globally to register a company , making it a magnet for entrepreneurs and foreign investors. With a pro-business environment, low corporate tax rates, and streamlined digital processes, incorporating your business in the Lion City is a smooth journey—especially when y

Singapore Audit Support Services | Bestar Singapore Audit Support or Audit Preparation Services There are numerous firms in Singapore that offer audit support or audit preparation services to help companies comply with statutory requirements and streamline the audit process. These services are crucial for businesses in Singapore, as most companies are required to have their financial statements audited annually, unless they qualify for a statutory audit exemption. 1. Audit