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Category Archive for: ‘Richmond Blog’

Common Challenges Faced By Small Businesses 3
“Which Work Pass Do I Need?” An Overview of Main Work Permits in Singapore
Singapore’s central location, thriving economy, precise business policies, and focus on innovation are just some of the several reasons why working professionals and experienced entrepreneurs around the world are attracted to stay in this city-state for good. It is now established as the focal point of Asia’s premier commercial and business undertakings. Singapore is also known for the diversity of its workforce, with global talent shown in every company. Various work permit schemes have...
Legal Tips For Singapore Based Startups
Legal Tips for Singapore-based Startups
Setting up a company in Singapore, regarded as Asia-Pacific’s economic powerhouse, can be a fulfilling yet work-laden task. While entrepreneurs are often associated with risk-taking and facing challenges, when it comes to legal matters associated with starting a business, it is best to proceed with caution. To help ease your burden on the legal aspects of your venture, here are simple but highly important legal tips that you should know and keep in mind:   1. Seek professional...
4 Essential Marketing Tips For Smes
4 Essential Marketing Tips for SMEs
An effective marketing strategy is highly vital in any organisation – from establishing a good business reputation to building a positive relationship with your clients, getting your brand known and improving your sales. Undoubtedly, a successful marketing campaign can exponentially improve your brand’s standing. Conversely, weak marketing strategies may affect your brand just as much. Hence, devising the right strategies for your brand and subsequently implementing it through the right...
Helping SMEs Attract And Retain Talent1
Human Capital Movement: Helping SMEs attract and retain talent
Human resource is crucial not only in sustaining day-to-day operations but also in securing the future of your business. As such, hiring the right people for your business is vital. You peruse applicants’ curriculum vitae, ask the right questions during the interview, find out potentials, and check their compatibility the job requirements and finally, hire people you think are fit to be part of your company. What happens next after building your team? Retaining employees is just as...
Local Enterprise And Association Development Lead Programme
Local Enterprise and Association Development (LEAD) Programme
A global hub for investment and trade, Singapore advocates the continuous development of its industries. This is evident in various schemes and projects Singapore government agencies initiate and implement to promote the constant improvement of both enterprises and industries. These grants include the Aviation Partnership Programme (APP), Collaborative Industry Projects (CIP), Partnerships for Capability Transformation (PACT), and Local Enterprise and Association Development Programme...
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SPRING’s Capability Development Grant Supports Growth of SME sector
Singapore has consistently outranked the world as the easiest place to do business in according to the World Bank's annual Doing Business Report. Beyond making company formation in Singapore easy, the government also provides comprehensive support to small and medium enterprises in the city-state through grants, assistance programmes and schemes. The Capability Development Grant or CDG, facilitated by the Standards, Productivity and Innovation Board (SPRING), is among the government’s...
Technology Enterprise Commercialisation Scheme
SPRING Singapore’s Technology Enterprise Commercialisation Scheme (TECS)
Singapore is well known as a key regional and global business hub. The World Bank has ranked Singapore at the top of its annual Ease of Doing Business report for 10 consecutive years, bolstering the reputation of the city-state as a global force to be reckoned with in the business arena. The government of Singapore strives to support its continuously growing and evolving enterprise ecosystem. The process of starting a business in Singapore is very easy. In addition, many schemes and...
Productivity And Innovation Credit Scheme
What You Need To Know About Productivity & Innovation Credit Scheme
The trade industry plays an integral role in boosting Singapore’s economy. Hence, government institutions work together in developing and implementing grants and schemes to further encourage more local and foreign entrepreneurs who are interested in Singapore company formation. Among these grants and schemes is the Productivity and Innovation Credit (PIC) Scheme facilitated by the Inland Revenue Authority Singapore (IRAS). In 2010, the scheme was introduced to hearten Singapore’s small...
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5 Common Tax Filing Mistakes of Self-Proprietors in Singapore
The Inland Revenue Authority of Singapore (IRAS), the government’s main revenue collection body, rigorously enforces a sustainable tax system that allows taxpayers to fairly contribute to the economy. Encountering mistakes in filing one’s Singapore income tax is not an uncommon occurrence. According to IRAS, self-proprietors and self-employed in Singapore are most prone to committing mistakes in filing their returns. Such tax mistakes are mostly prevalent in industries such as maid...
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Singapore Is Still The Best Place for Doing Business
Singapore retained its spot as the best place for doing business in the world, according to World Bank. Already on its ten-year streak, the city-state continued to hold the title as the economy with the most business-friendly regulations and has the highest index score on the quality of judicial processes. New Zealand held down its second spot. Denmark and Korea both went up a notch on the list ranking third and fourth respectively. Hong Kong dropped two spots to fifth this year followed by...
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