Should Singapore locals also consider incorporating in 2026?
Absolutely. Locals upgrading from sole proprietorship to Pte Ltd can [...]
Does slower wage growth affect Employment Pass (EP) approvals?
No. EP approvals are based on COMPASS scoring, employer profile, [...]
How does wage moderation benefit new SMEs and startups?
Lower wage pressure means reduced manpower costs, easier recruitment, fewer [...]
Is 2026 really a better year to incorporate a company in Singapore?
Yes. Wage growth is forecasted to moderate in 2026, creating [...]
Do companies need to submit an application to IRAS to receive the rebate or grant?
No application is required. IRAS automatically processes the tax rebate [...]
Will companies that made a loss still receive any support?
Yes. Even loss-making or low-profit companies can receive the S$2,000 [...]
Do shareholder-directors count towards the local employee requirement?
No. Shareholder-directors do not qualify as employees for this cash [...]
Can a company receive both the S$40,000 rebate and the S$2,000 cash grant?
No. The total combined support is capped at S$40,000. Companies [...]
Who is eligible to receive the YA 2025 tax rebate and cash grant?
All active Singapore companies — including locally owned, foreign-owned, startups, [...]
What penalties can companies face for non-compliance with BCA regulations?
Companies found in violation of BCA regulations can face fines, [...]