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Category: Singapore Company Formation

A.1 Business Pte Ltd offers a vast range of services, including company formation in Singapore to both
local and foreign entrepreneurs interested in starting up their own business.

For concerns and queries about company formation, our team of highly trained and skilled professionals
are always willing to provide assistance

A Complete Guide on How to Register a Company in Singapore

company registration service

Singapore Company Registration – 101 Guide on Setting Up a Business

Singapore consistently ranks as one of the best places in the world for setting up a company and maintaining a business. According to World Bank, it is ranked No.2 in the world when it comes to ease of doing business. Some of the common hurdles such as red tape, work legislation and taxes are comparatively less in Singapore.

However, there are some requirements on how you should comply with to register a company in Singapore.

Foreigners are not allowed to register their companies on their own in Singapore. Local entrepreneurs can choose to do so but they need to ensure they meet all the requirements set by the Company Registrar of Singapore, also known as ACRA (Accounting & Corporate Regulatory Authority).

Though we have made it easy for you to understand and register your business on your own, it is always advised to take the help of reputable local registered filing agents for company registration in Singapore.

Here’s a complete guide on company registration in Singapore and operate a business here. The following are the topics covered:

Choosing a Business Structure

Choosing the right kind of business structure can help you with the following things that can have a major impact your company:

  • Paying taxes
  • Administrative costs of setting up the business
  • Liability exposure from your product or service
  • Having partners or investors in the business
  • Whether you are a citizen of Singapore or not
  • Marketing plans and business goals

The common types of business entities in Singapore are:

  • Private Limited Corporation (PTE LTD)
  • Sole Proprietorship Corporation
  • Limited Liability Partnerships (LLP)

To help you choose the one that is a good fit for you, we have created a table

Quality Sole-Proprietorship Private Limited (PTE LTD) – Most Common Form of Company Registration in Singapore Limited Liability (LLP)
Catered to Qualified individuals Professional firms and working partners Scalable businesses
Benefits Affordability Tax exemptions (1st $100,000 net profit/year taxed at 4.25%, next $100,000 for first three years taxed at 8.5%) Affordability + limited liabilities (protection)
Drawback NOT considered separate legal identity. No protection for personal assets Considered a separate legal identity BUT bound by compliance obligations (AGM/EGM, etc) Considered a separate legal identity BUT taxed by personal income tax rate (higher than corporate tax)
Owned By Singapore citizens, foreigners or corporations (only with appointed local manager) Can be entirely local or foreign owned with no foreign shareholding restriction (at least 1 Singapore resident director needed) Singapore citizens, foreigners or corporations (only with appointed local manager)
Personnel Requirements One owner only One shareholder and One director needed (can be the same person) BUT maximum 20 members only Two owners BUT no limit on members
Taxed By Personal Income (Maximum 22%) Corporate Tax (Maximum 17%) Personal Income (Maximum 22%)
Limited Liabilities No protection Yes, protection is received Yes, partners aren’t personally liable for business debts incurred unless losses resulted from their omission or wrongful act committed
Account Auditing No Exemption is granted if they fulfill ‘small company’ requirements No
Compliance (Annual) Bookkeeping, taxation services Bookkeeping, taxation services, secretarial services, unaudited financial statements necessary Bookkeeping, taxation services, form submission to IRAS

Consider all the requirements, benefits, drawbacks and compliances before you make a decision on your business structure. If required take the help of company registration and incorporation service professionals to make a better decision.

Company Registration Requirements in Singapore

Once you have chosen the business structure, you need to know some of the pre-registration requirements to register a company in Singapore. Here they are:

  • Company Name – The first that you need is unique and easy to remember the business name. It should not be same as that of an existing business, it should not be vulgar, obscene or offensive, or should not be something that is prohibited by order of the Minister of Finance of Singapore.
  • Director – A company should have at least one director who is a local resident of Singapore. He can be a Singapore citizen, a permanent resident of Singapore, EntrePass holders (foreigners who are eligible to start a business in Singapore – they should get a letter of consent from Ministry of manpower).
  • Shareholders – A company must have a minimum of one shareholder and a maximum of fifty shareholders. They can be both individuals and entities regardless of whether they are locals or foreigners.
  • Company Secretary – A company should appoint a company secretary within the six months of its incorporation. The company secretary should be a natural person and a local resident in Singapore. The sole director of a company and the company secretary both cannot be the same person.
  • Auditor – A company must appoint an auditor within three months from the date of its incorporation. A few small companies are exempted from audit requirements and you can read about it here.
  • Registered Office Address – A company should have a local address in Singapore where it is registered. It is the place where all the communication is sent to and records are kept. It could be either residential or commercial but cannot be an address of a post office box, and it should be accessible to people during normal working hours.
  • Share Capital – The company must indicate the total amount that shareholders have paid for their shares. The issued capital should be at least $1. There is no minimum paid-up capital required.
  • Company Constitution – You must be ready with your company’s constitution before applying to incorporate your company. It is a legal document that contains the general rules and regulations of the company’s governance, its key characteristics, the operations the company caries out and mentions about the rights and responsibilities of key person of the company including the directors and the shareholders.

Requirements at a glance

Pre-Registration Requirements for a Company Registration in Singapore

  • Choosing a Unique Company Name
  • Should Have At Least One Director
  • At Least One local or Foreign Shareholder
  • A local resident Company Secretary
  • A Local Address in Singapore (Physical or Virtual Office Address)
  • At Least $1 of Issued Capital
  • A Detailed Company Constitution
  • Auditor to Appoint

How Foreigners Can Register a Business in Singapore

A foreigner willing to register and set up a company in Singapore has done the following things.

  • Since foreigners are not allowed to file the application on their own, they need to take help of professional corporate secretarial firm or an accounting firm in Singapore to submit the online application
  • They need to employ a director who is a resident of Singapore

Registering and Reserving the Business Name

The first that you need to do before incorporating your business is to register its name. You need to do it through BizFile, a business filing portal of ACRA. You need to pay $15 for the name application charges.

Once the company name is approved, the name will be reserved for you for 120 days and you need to register your business within those days. If you don’t, the name will be made available to others.

In general, ACRA approves a business name within an hour; you need to follow the instructions correctly though. If you are registering for a regulated business such as a school, tourism, law, bank, etc., your application will be reviewed by that particular referral authority before it is approved. For example, if you are registering for a school, the Ministry of Education in Singapore will review your application. These referral authorities take somewhere between 14 and 60 days to process the application.

Getting Ready with Required Documents for Company Registration

So, before applying for the company registration in Singapore, you need to be ready with some documents. Here they are:

    • The Company name approved by ACRA
    • Company Constitution – a legal document that

o Mentions the main activities of the business
o Has the rules and regulations of governance of the business
o The responsibilities and rights of the key personnel
o Describes the way the operations are carried out in the business

  • The personal particulars of existing shareholders and directors (company secretary particulars can be updated later)
  • A copy of the company’s registered address
  • A copy of Singapore identity card (For local residents)
  • A copy of passport details, residential overseas address proof, other KYC documents (bank reference letters, business profiles, etc.) – (For foreign entrepreneurs)
  • Registration documents and Memorandum and Articles of Association (MAA) from the Company Registrar (For corporate entity shareholder)

Registering the Company in Singapore

You need to sign in to BizFile to submit your application form. Though it is easy to submit the application form, you need to be ready with all the documents in order and duly signed. The company registration fee is $300 and can be paid through multiple payment options.

It is advised to take the help of professional filing agents to get the company registered smoothly and quickly.

ACRA generally takes a few hours to process the documents and the application. Once the application is approved, all the company’s directors, shareholders and the company secretary should give their signed consent within 120 days.

Documents You Receive on Successful Registration

Once the company is registered successfully, ACRA will issue the following documents

  • Certificate of Incorporation – an e-Certificate of incorporation. This certificate can be used for many corporate needs in Singapore
  • Company Business Profile – or BizProfile or Company Extract is a PDF document with key details of the company
Documents You Receive How You Receive Them What It Contains
Certificate of Incorporation An email from the Company Registrar
Hard copies can be received by making online requests and paying a nominal fee ($50)
Confirmation of incorporation and a company registration number
Business Profile (Company) An email containing a downloadable PDF from the Company Registrar. Can be downloaded by request and paying an application fee Key details such as:

  • Approved company name
  • Registration number
  • Official date of incorporation
  • Shareholder/director/company secretary details
  • Official registered address
  • The amount of paid up capital
  • Description of main business activities, etc.

Post Company Registration Formalities in Singapore

    • Stay in compliance with Singapore’s corporate regulationsAll companies in Singapore are expected to fulfil compliance requirements set by the governing authorities each year. Failing to do so can actually result in serious repercussions, so it is definitely advised for new business owners to research or employ a competent corporate secretary that could assist in monitoring deadlines.
      Some of the common compliance requirements include:

o Determining the company’s financial year – Each company can determine its own financial year, which can begin from any month within the year
o Conducting AGM/EGMs each calendar year so that the shareholders of the company are able to examine financial statements and offer approval to the company’s next stage of progress plans)
o Preparing and filing annual returns after one month from AGM date
o Preparing and filing annual financial statements – maintaining accounting books is necessary since annual financial statements must be prepared and filed
o Preparing and filing corporate tax – Could be done either through paper or e-filing for convenience

  • Issuing the share certificates – They should be issued to the shareholders as proof of their ownership and a clear depiction of how the shares of the company are distributed. A board resolution must also be conducted to officially appoint the directors and company officials within the registered company
  • Obtain Business License – Depending on the activities of the company, there will be certain times where it’s necessary to obtain business licensing or permits before the company is able to operate a business. Some examples of businesses that do require special permits include, but aren’t limited to: travel agencies, businesses providing financial services, importation or exportation of goods, cleaning companies, restaurants, educational institutes, employment agencies and more.
  • Open a Corporate Bank Account – Open a corporate bank account for your business. Note that most major banks located within Singapore require the company stakeholders to be physically present in order to open a corporate bank account. Although there are certain banks that do not, it would really narrow down the options one can choose from.

Frequently Asked Questions

Why Singapore for Incorporating A Company?
Singapore is considered one of the best places to register and maintain a business. Some of the reasons include:

  • Top rated on ease of doing business
  • The best labour force in the world
  • One of the most globalized economies in the world
  • Low corporate tax rates
  • Low personal tax rates
  • Multiple government grants
  • No much auditing required (for small privately-owned companies)

Who Can Set Up a Company in Singapore?
Anyone can set up a company in Singapore irrespective of their nationality. The only thing is that they need to be over 18 years of age and should have never been declared a bankrupt

Can I Know the Main Steps of Registering a Singapore Company?
Registering a company in Singapore is a simple and straightforward one. There are only two major procedures.

  1. Approval for the desired name of the company
  2. Company registration by applying in ACRA

How Long Does it Take to Get the Name of the Company Approved?
It generally takes minutes to get the name approved. If the name of the business is found offensive, it may take longer

How Long Will it Take to Register a Company in Singapore?
Steps to incorporate a company and the time it takes:

  • Providing information about the company like business activities, structure, and required documents – depends on you
  • Registering company name with ACRA: not more than an hour
  • Preparation of registration document: 1 hour
  • Incorporation with ACRA: 1 hour
  • Overall, it takes a few hours to a few days to incorporate the company in Singapore. It mostly depends on the client. The quicker he provides the details and documents, the faster it can be done

Can a Foreigner Incorporate a Company in Singapore?
Yes any foreign individual or a corporate entity can incorporate a company in Singapore

Can a Foreigner Own 100% of the Equity?
Foreign shareholders can own 100% of the equity in a company in Singapore

Does Singapore Allow One-Person Companies?
Yes. They are called as Sole-Proprietorships. In this kind of companies, if the director and the shareholder are the same people, it needs to appoint a person as company secretary

If you are a foreigner, you need to appoint a Singapore local resident as an additional director

What are the Minimum Legal Requirements for a Foreigner to Set a company in Singapore?
The legal requirements are the same for locals and foreigners. The company should:

  • Appoint a local Singapore resident as director
  • Appoint a qualified local company secretary
  • Have a local address as the registered address for the company
  • Have minimum share capital of S$1

Will I Need to Visit Singapore to Incorporate My Company?
No. Not required. We can help you with registering your company. You just need to provide us with the required documentation

However, it is mandatory for the business owners to visit some banks in Singapore while opening an account

Can I Use Residential Address as Company Address?
Yes, you can in most situations. Please contact us to know more

Do I Need to Register My Business for GST?
It is not compulsory. But if the business turnover is more than $1 million, you are required to register for GST

27 May

Benefits of Using a Professional Corporate Services Firm

Benefits of Using a Professional Corporate Services Firm

Congratulations on becoming an entrepreneur, we are here to guide you through the incorporation requirements of the Companies Act, and you can focus on running your business. This guide will give you more information on the benefits of using a professional corporate services firm.

Setting up directly with the Accounting and Corporate Regulatory Authority (ACRA)

  • Company Incorporation
  • No Company Secretary
  • No Company Kit
  • No Bank Account
  • No Accounting and Tax Filing Service

Engaging A.1 Services
For more information about how A.1 BUSINESS can help you, please click on the list of services below:

By working with a professional firm with one-stop solution:

  • Time and effort reduced
  • Only contact service provider once

 

How to Obtain a Company Seal for a Corporation

customised stamp

Most people have probably wondered about where corporations get those circular metallic seals, which they affix on documents to make them official. These metallic circular stamps are company seals that add authenticity and authority to corporate documents. Seals can be made from different materials to leave different impressions, depending on the requirements of every individual company. Older seals were made of wax, while newer seals leave an embossed impression on corporate papers. Newer seals generally don’t use any ink. Company seals are meant to contain the whole name of the company with their contact information. Traditionally, the seals were heavy and big, but in recent times, smaller seals have been developed with better technology. However, the prominence of the company seal has weakened over time, since most people accept signatures from high-level officials for authoritative purposes.But company seals continue to remain fundamental to many corporations, especially in cases where signing authorities are absent or have other responsibilities. A company seal acts like the signature of the company, making its presence important even today. A company is legally considered as an artificial juridical person. Companies can enter into agreements or legal transactions by using their official signature, which happens to be the company seal.

How To Obtain a Company Seal?
As corporations are state institutions, they first require to be registered with the state they operate in. Registering with a state secretary should do just fine. Companies should then find a suitable company seal from a seal maker or office supply store. Company Stamp Singapore is a specialised company seal maker in Singapore that can help businesses and corporations choose their seal. Although a company files their own paperwork regarding their corporation with the state, they will not be provided with a company seal, since the seal is not a mandatory part of constituting a corporation.

How To Affix a Seal on a Document?

Affixing a seal on a document is an extremely simple process, since they operate in a way that’s similar to a stapler. Typically, a red sticker is placed on the document so that the seal can be affixed on it. This is not mandatory, but it ensures that the seal is properly visible in photocopies or scans of the document.

The company seal can be used on share certificates, loan documents, share transfer forms of other companies and important legal agreements. A board resolution has to be passed by most companies to authorise the affixation of a company seal before the seal can affix any document.

Companies will now have to design their seals. The seal should typically contain the entire company name and the contact information, preferably the phone number. Corporation symbol can be included on the seal.

Companies then have to choose a type of embosser. The retailer will offer a choice in designs. Companies should choose the design that is most suitable in terms of style, aesthetics, and build quality.

How to make signature stamps

image

Technology has made it easy for us to perform various tasks in life. Quality customised signature stamps can potentially help you reduce the amount of time you require to spend on your workload. For example, someone in a high position (CEO, directors etc) may have to sign a large amount of documents in order to authorize certain procedures for authentication.

With a signature stamp, they can cut down the amount of time they waste by simply stamping the documents instead of having to go through the effort and strain of signing all of them.

To create a signature stamp- a clear consistent (non-changing) signature has to be produced to be sampled. Produce a clean sheet of paper, white whenever possible and make a few examples of your signature until you have the desired one. It is preferable to use a fine pointed pen when you do.

When you’re able to scale your signature stamp to the size you want, consider outsourcing the task to the professionals, who can produce the stamp for you at lower prices and even deliver in some cases. If not, you can always start experimenting with hand made carved rubber stamps- simply mount the piece onto wood for easy stamping purposes.

The use of the digital signature is, however, constrained as it leaves the mandate of deciding if such a signature is legitimate to the courts. The validity of a signature is however only a key issue when it comes to issues to do with contract disputes and the ultimate resolution of such disputes. The signature stamp can be effectively used in your day to day operations.

After which, scan the signature into a file and enable easy editing by saving it as a PNG to get rid of the excess white space around your signature. Once you have your desired signature sample, you can download any free stamp template to create a layout for your stamp so that you can go ahead with producing it.

There are some company stamp makers in Singapore that have the option of allowing customers to design their own stamps using an online application or template located in their website, like Company Stamp Singapore Pte. Ltd. This saves you the trouble of having to go all the way down personally in order to design it.

22 May

How to Find the Best Entrepreneur Networking Group in Singapore

Most professionals are well aware of the beneficial impact that proper networking has on their ability to find new opportunities, uncover new open positions, and establish relationships that allow them to unlock the kind of financial freedom that they’ve always dreamed of.

At the same time, getting started with networking from scratch – right from the very bottom, not knowing absolutely anyone in Singapore – can be a real challenge. This is especially true if this isn’t something that you have a lot of experience with.

Thankfully though, there are a lot of fabulous entrepreneur networking groups in Singapore designed specifically to be as welcoming and as inclusive as possible. You definitely aren’t going to struggle connecting with like-minded and focused professionals just like yourself when you’re in Singapore, especially if you hook up with any of the entrepreneurial networking groups we mentioned below.

Connect with the HUB

Probably the most expansive networking group in the world (with more than 7000 members in 60 different “hubs”), the HUB Singapore group is filled to the brim with young professionals that are looking to establish themselves in the professional business world of Singapore.

Not only that, but local chapters of this group are filled with talent scouts, headhunters, investors, and well-connected members of the business community – providing you with the chance to really expand your professional network in a hurry with some real deal movers and shakers.

Join The Kennel

Similar to the HUB, The Kennel is a slightly smaller group of networking professionals that meet with the intention of building small businesses and startups – but there’s always room for new members and they are always having very frequent meet ups (more frequent even than The HUB).
If you are looking to establish yourself, your business, or your brand, The Kennel has plenty of resources to help you do exactly that. You’ll really be able to hit the ground running when you connect with this Singapore networking group.

See what the SEN is up to

With more than 5000 members already signed up (and with hundreds more being added to the roster on a regular basis), the Singapore Entrepreneurs Network – SEN – is definitely one of the hottest networking groups that you’ll want to be a part of when you’re in this country.

Regularly meeting to discuss potential business prospects and opportunities, marketing and joint venture agreements, licensing and partnering chances and so much more, this is a very business focused group that will help you exponentially increase your odds of creating the financial future you’ve always dreamt of.

Fall in love with Facebook Groups and LinkedIn

Believe it or not, Facebook and LinkedIn can be fantastic resources for those new to Singapore looking to connect with like-minded people that are interested in building their career and helping others do the exact same thing.
You’ll have to dig through many of the different groups to find the very best of the bunch, but this kind of due diligence and research will always pay off in the long term!

Play some golf (or get involved with local activities of some kind)

Golf has always been one of the “international languages” of networking, and people in Singapore take advantage of everything that this amazing sport has to offer just the same as professionals around the world do.

If golf is into your game you’ll be able to connect with professionals in a variety of different local activities, combining your social networking with your professional networking to create some really special opportunities that might not have existed previously.

How to use shiny ink in rubber stamps?

Stamping a shiny imprint on the document not only makes the document more authentic but also maintains the clear quality of the stamp for a longer period- sometimes for years. The use of excessive effort to get a shiny image while stamping means inadequate ink on the device. Documents with light stamp imprints, if left in a bad state, can sometimes rub off the image completely, and it’s vital for one to have the right information on ensuring they stamp clear shiny imprints all the time. The office staff and professionals know the importance of having a glossy stamp imprint in the application of self-inking stamps in Singapore.

The usage of the self-inking stamp is quite popular today, and they can be personalized and custom made to fit your desired requirements. Self-inking stamps in Singapore can have a signature or even the organization logo and because of this versatile nature, it’s applied in almost any industry. There are various tips that one should have to ensure that on every document that is imprinted, the image is clear and shiny.

Firstly, there is an in-built ink pad in self inking rubber stamps. The ink used in self-inking stamps is usually water-based and when left unused for a longer period, they dry out slowly sometimes even in dry heat when it’s winter. When it dries out, one can either refill the ink pad or get a new ink pad. When one use the self-inking rubber stamp, and it produces a poor imprint, that implies that the ink pad is not enough and requires a refill. However, when one is in such a situation, by dabbing the stamp on a good ink pad and stamp on the paper, the stamp image can be clearer.

Sometimes the stamp imprint can have missing spots. When this is observed, the most likely scenario is that the ink pad was fixed in an opposite manner and that mostly happens during the refilling or replacing. It is crucial to ensure that the ink pad is placed in the right manner. Sometimes the imprint’s content do not line up, and one should take out the ink pad and turn it 180⁰ and then put it back and stamp it on the paper and get the expected shiny imprint.

Sometimes the stamp imprint can fail to dry up normally; such a scenario can occur when trying to stamp on glossy paper. That is because the water-based ink will make it impossible to be absorbed on such a paper. However, that has a solution as well, all that is necessary is to get a special ink that dries quickly and easily and make it start with a dry ink pad. One should always be careful not to put this special ink on a regular pad. That is because when mixed with the regular ink, both becomes useless and unusable. The special ink is made up of an alcohol substance that makes it thinner than the water-based ink. That is what makes it possible for the ink to dry up because the alcoholic substance evaporates and leaves behind the colored imprints.

When the above clear guidelines are keenly followed, the shiny imprints will always be available when using a self-inking rubber stamp. Professionals and skilled personnel using the self-inking stamps in Singapore usually apply the above technique to get quality shiny stamps.

 

Eco friendly rubber stamps- 5 reasons to use them

Eco-friendly-rubber-stamps

Increased awareness towards the harmful effects us humans are causing to the environment have sparked off movements focused on alleviating the situation. Throughout the years, these movements have gradually grown in scale as more and more people began joining in and playing a part. One of the most popular methods of doing so would be to start using eco friendly products.

1.Dry safe

Most environmentally friendly rubber stamps come with a dry safe element. This ensures that even when left without a lid on for days, the ink in your rubber stamp does not dry out quickly, promoting a longer shelf life. This way, you wouldn’t have to spend extra to keep either replacing them or having them re-inked.

2. Recyclable

Eco friendly rubber stamps are manufactured from recyclable materials and therefore will be able to be recycled after it’s shelf life to be reconstructed into something else. This way, there would be lesser wastage and the need to constantly replace parts will reduce as well.

3. Water-based ink

Water-based ink do not contain toxic chemicals and are easily cleaned from the surfaces of printers. They are also ideal as they contain an extremely absorbent quality. A wide variety of water-based inks can be chosen from depending on the best available option, the best thing about these types of ink are that they can be manufactured for different types of print application, including rubber stamps.

4. Non-toxic

Eco friendly rubber stamps are quite often non-toxic, and so that makes them safer to use for you and your children too. This is especially beneficial for colleagues who are dealing with administration duties and require the usage of rubber stamps constantly.

Make sure to do some research before you invest in one however, as non-toxic products are not always a guaranteed 100% safe. While it does not give you health problems immediately, there are certain components in a product that can build up and cause damage to health over time. Especially for long term users.

5. Reusable

Eco-friendly rubber stamps are also available in types that are re-usable. Built to create numerous impressions, the manufacturers have also considered wastage reduction in the process. Therefore, eco-friendly rubber stamps are made to be refilled with ease. In that way, you save both the money needed to buy ink pads and also reduce the amount of waste you make.

5 types of popular Scrapbooking stamp design

Five-Types

Scrapbooking- a fun and family-friendly way of preserving memories through content. It is a hobby that’s been picked up by people all over the world on account of it’s simplicity and the warmth of human sentimentality. As a result, scrapbooks hold the fondest memories of an individual, it’s only natural that some are driven to decorate it to their heart’s contents.

Here are 5 types of popular stamp design ideas that can help further beautify your scrapbooks:

1.Fonts

Pick, or even customise, your own desired font to be stamped onto your scrapbooks and other material in place of a signature or a sentimental greeting. Experiment with different coloured ink to make the design even more interesting.

What’s even better is that asides from being able to colour code and create your own distinct work, you can also reuse them for other occasions- birthday cards, greetings, and the like.

2. Symbols/Logos

Logos or symbols are also a good way to add variety in your scrapbook decorations. Not only does it serve to improve designs like borders, or make identification easier ( For example: Identifying baby photos based on which symbol is noted), it can also become a good conversation starter.

It would certainly be more interesting for others to find out why you decided to use certain symbols for a specific family member or category and how it relates to them.

3. Frames

Jazz up your scrapbooks with the addition of stamps to create unique patterned frames for your memories. Certain stamps like cling rubber stamps or clear stamps are made to be easily customisable as well as reusable so why not make full use of that to etch your very own designs?

Self-inking stamps can also help make the task of stamping easier so you can experiment with making multi-colored frames without much struggle.

4. Cartoons

Cartoon stamps are a good way to get children interested in scrapbooking as a hobby. With many fun and visually appealing designs to choose from, it can serve to engage both their creativity and engagement. In this way, scrapbook designing can be turned into a family activity that everyone enjoys.

5. Overlay

Overlaying can be considered both a design as well as a technique. It refers to the practise of covering a layer with another in a repetitive manner to form new patterns and duplicate shapes. You can achieve this effect by using stamps that provide basic shapes and layering the shapes over one another, adjusting the amount of space between each layer and the dark thickness of their lines.

So there you have it- 5 most popular scrapbooking stamp designs. We hope that these suggestions have sparked off some ideas for your next scrapbook page.

 

Advantages and Disadvantages of DIY Rubber Stamp

DIY rubber stamp becomes very popular today. Many people want to have this stamp for many different purposes. Some of them are using this stamp for their small businesses. It is not difficult to create this product. There are some easy tips that people can follow easily, so they can create the best rubber stamp quickly. This stamp allows all users to create their own stamps based on their preferences. There are some advantages and disadvantages of this stamp for all users. It is important to compare some benefits and drawbacks from this product before using this stamp regularly. 

Advantages

1. Affordable way to create stamp

This is the first benefit that people can get from this DIY rubber stamp. This stamp is very affordable for most users. People don’t have to spend a lot of money for having this product. When people are looking for the affordable way to create stamp, they can consider using this product. Most materials can be purchased at very reasonable price. Because of this benefit, many small business owners want to use this stamp for their company’s official stamp. They want to reduce their costs by using this product. 

2. All users can determine the right size and shape

This is another reason why people want to have the DIY stamp. This stamp allows all users to determine the right size for their stamps. They can cut their stamps based on their needs or preferences. It is not difficult to cut the rubber stamp according to the pattern. Some people want to use certain patterns for creating this stamp. They can also create the best shape that they really want, for example rectangular, oval, round, and some other shapes. It gives flexibility for all users who want to create their own stamps. 

3. Unique design

Many people want to use this stamp because of this benefit. They should be able to create their own design on their stamps. It is not difficult to create the unique design in this DIY stamp. It means that people can create their personalized rubber stamp easily. There is no other rubber stamp that has similar design with this stamp. People can also add some personalized text, for example headline, message, and some other important things in the stamp. Some business owners also want to add their company logo in this DIY stamp. 

Disadvantages

1. It takes time to create DIY stamp

Although the DIY rubber stamp has a lot of benefits, it may also have some drawbacks. This is one of the disadvantages from this stamp. It really takes some time for creating this product. People may take a few hours for making this stamp for their own needs. Therefore, this stamp is not recommended for people who are busy with their daily life. They can ask their friends, employees, or other relatives for creating this DIY stamp for their needs. People also need to purchase additional equipment before they can create this product. When people don’t want to spend their time, they should not consider using this stamp. 

2. Needs skills and knowledge

This is another drawback that people can find from this DIY stamp. It needs proper knowledge and skills for manufacturing this stamp. Not all people are able to create this stamp for their needs. They should have good creativity and patience for making this product. However, people don’t have to worry when they don’t have enough experience in creating this stamp. Some stores may sell DIY stamps that come with manual instruction. People can simply follow the instructions before they can create this stamp. They also need to learn how they can produce this stamp based on their needs. 

They are some pros and cons about the DIY rubber stamp. This stamp is very beneficial for all people, including business owners. This stamp can be used for any purposes, for example decorating items, handling many official documents, and many other purposes. It is not difficult to find the best rubber stamp on the market today. People also need to choose the right color that is suitable for their needs. They also need to learn how they can create the best stamp easily and quickly. Purchase this stamp today for getting all benefits from this product.

Why-Choose-Singapore-to-Set-Up-your-Business? 14 May

Why Choose Singapore to Set Up your Business?

Jim Rogers is an American-born businessman which is recognized as one of the giants of Wall Street had moved to Singapore in 2007. He already discovered that Singapore is a global business magnet that offers an incredible quality of life to its residents, and has only begun to assume its position as a world leader in finance and business. So why choose Singapore to Set Up your business?

Many words such as “comfortably diverse,” “I love taxes here,” “safe living environment,” “cutting-edge business community” and “relaxed, stable lifestyle,” all of which are used to describe Singapore and are critically important to interested parties in making a major life change.

Singapore has a tremendous amount to offer the international business community with a unique and fascinating lifestyle and culture. Below is a list that further indicate why corporations, entrepreneurs and ventures of all sizes would consider Singapore the perfect location to start up their company or business:

  • Third wealthiest nation in the world ranked by Forbes magazine.
  • Third most globalized economy among 60of the world’s largest economies in therecently release Ernst and Young 2011 Globalization Index
  • Rated #1 as the most politically stable country in Asia
  • Rated #1 as the best labor force in the world
  • Best quality of life in Asia
  • For profits $300k and below 8.5% corporate tax rates and 17% flat above that.
  • No dividend or capital gains taxes
  • No estate/death/inheritance tax in Singapore
  • 0% personal tax rates and max out at 20% above $320K

Derek Sivers, a fellow American expatriate agrees that Singapore feels like a small town in a big city and has the advantages of both therefore it is a great place to set up a business.

After just one visit to Singapore, Sivers and his wife decided to put down roots here as they travelled all over the world looking for the perfect place to call home.

Singapore’s Strategic Location

One major reason why businesses like to start up in Singapore would be its convenient location. As it is situated in the heart of Southeast Asia, your business would have access to a market of 2.8 billion people within a few hours flight. In addition, Singapore is classified as a premier International Maritime Center and has one of the busiest ports in the world.

Singapore’s Changi Airport emphasis on competitiveness, efficiency and service has helped made it the “Best Airport in the World” for 20 consecutive years. Annually, Changi Airport serves over 15 million passengers and provides businesses with smooth access to all major Asian markets.

Singapore Means Business

Singapore is capable of attracting sizable foreign investments and business entrepreneurs as it is known for its pro-business environment. In Singapore, it is easy to turn your ideas into businesses with ease and achieve significant profits. Which is the opposite of many Western nations, it only takes about 1-2 days to incorporate a company in Singapore, and the government also provides assistance along the way. To say it simply, Singapore is the easiest place in the world to manage and set up a business.

For more information on Singapore’s exciting economic environment, refer to our Singapore Economy page.

Singapore’s Outstanding Tax System

Taxes are the top considerations for setting up a business anywhere in the world and are at the top of the agenda for any entrepreneur. One of Singapore’s unique strengths is its low effective personal and corporate tax rates. Personal income tax’s tier system starts from just 0% and goes up to 20% for income above S$320,000.

Similarly, effective corporate tax rate for Singapore private limited companies for profits are capped at a flat rate of 17% for profits above S$300,000 and below 9% for up to S$300,000. Singapore adopts a single-tier tax policy which means that if income has been taxed at the corporate level, shareholders would not be taxed for receiving dividends as there are no capital gains taxes in Singapore.

Goods and Services Tax (GST) is a broad-based consumption tax that was adopted by the government as an effort to move away from a dependency on income taxes and to make the economy even more competitive. Singapore GST rates are at 7% which is ranked below the global average VAT/GST rate of 16.4% and the Asia-Pacific average of 10.5%.

To know more about taxes in Singapore, refer to Singapore Taxation page.

Flexible Immigration Policies

Foreign nationals who wish to setup businesses and relocate in Singapore will be aided by Singapore’s open Immigration policy. The government has foreseen the needs of entrepreneurs that need to locate to run their business or to hire foreign professionals and made appropriate Singapore work visa provisions.

To support value adding individuals to settle permanently in Singapore, Singapore has made it easier for foreign professionals to gain Singapore Permanent Residence (PR) status by having a relaxed immigration policy.

Comprehensive Intellectual Property Protection

In Singapore, IP protection is taken seriously and Singapore is a one-stop center for businesses seeking to manage their IP assets. Singapore has been ranked top in Asia by The World Economic Forum (WEF), the Institute for Management Development (IMD) and the Political Economic Risk Consultancy (PERC).

It is a criminal offense for a person or company to conduct willful copyright infringement as Singapore has very strong copyright laws.

Singapore businesses can register a trademark in Singapore or also file for global trademark registration from Singapore as the country is a signatory to major IP conventions and treaties, such as the Paris Convention, Patent Cooperation Treaty, Berne Convention, Madrid Protocol, Budapest Treaty, Agreement on Trade-related aspects of IP rights, and World Intellectual Property Organization.

An Honest and Open Government

Supportive political infrastructure is needed for business to grow and thrive. Singapore’s political system adopts a pro-business approach which decides priorities, enact laws and set regulations rationally. Singapore’s government vision would be to take this nation to the front of the industrialized nations while being in order and stable.

For more information, please refer to the parliament of Singapore page.

The World’s Best Labour Force

A key ingredient for the success of any business would be an attractive, world-class, and production work-force. Singapore is primarily a knowledge-based economy and its manpower force is educated and professionally qualified. Singapore’s workforce is identified as having high level of education, technical proficiency, and high productivity, work-hard and work-smart culture. Singapore workforce attracts professionals from all over the world as it is both international and cosmopolitan and bring with them business expertise and extensive knowledge.
Singapore boasts of the “Best Labour Force in the World” in the latest rankings as an added inducement for entrepreneurs and employers that are interested in starting up a business or creating a branch office.

A Higher Quality of Life

One of the top concerns for foreign-born professionals and entrepreneurs whom setup businesses and relocate to Singapore would be the quality of life as they relocate with their family as well.

Singapore residents can enjoy many benefits like an wide selection of cultural and education opportunities, convenient transport, safe and healthy environment, an outstanding support system for businesses and excellent schools.

For an overview about Singapore’s quality of life, see Quality of Life in Singapore page.

Why-Choose-Singapore-to-Set-Up-your-Business? 14 May

Why Choose Singapore to Set Up your Business?

Jim Rogers is an American-born businessman which is recognized as one of the giants of Wall Street had moved to Singapore in 2007. He already discovered that Singapore is a global business magnet that offers an incredible quality of life to its residents, and has only begun to assume its position as a world leader in finance and business. So why choose Singapore to Set Up your business?

Many words such as “comfortably diverse,” “I love taxes here,” “safe living environment,” “cutting-edge business community” and “relaxed, stable lifestyle,” all of which are used to describe Singapore and are critically important to interested parties in making a major life change.

Singapore has a tremendous amount to offer the international business community with a unique and fascinating lifestyle and culture. Below is a list that further indicate why corporations, entrepreneurs and ventures of all sizes would consider Singapore the perfect location to start up their company or business:

  • Third wealthiest nation in the world ranked by Forbes magazine.
  • Third most globalized economy among 60of the world’s largest economies in therecently release Ernst and Young 2011 Globalization Index
  • Rated #1 as the most politically stable country in Asia
  • Rated #1 as the best labor force in the world
  • Best quality of life in Asia
  • For profits $300k and below 8.5% corporate tax rates and 17% flat above that.
  • No dividend or capital gains taxes
  • No estate/death/inheritance tax in Singapore
  • 0% personal tax rates and max out at 20% above $320K

Derek Sivers, a fellow American expatriate agrees that Singapore feels like a small town in a big city and has the advantages of both therefore it is a great place to set up a business.

After just one visit to Singapore, Sivers and his wife decided to put down roots here as they travelled all over the world looking for the perfect place to call home.

Singapore’s Strategic Location

One major reason why businesses like to start up in Singapore would be its convenient location. As it is situated in the heart of Southeast Asia, your business would have access to a market of 2.8 billion people within a few hours flight. In addition, Singapore is classified as a premier International Maritime Center and has one of the busiest ports in the world.

Singapore’s Changi Airport emphasis on competitiveness, efficiency and service has helped made it the “Best Airport in the World” for 20 consecutive years. Annually, Changi Airport serves over 15 million passengers and provides businesses with smooth access to all major Asian markets.

Singapore Means Business

Singapore is capable of attracting sizable foreign investments and business entrepreneurs as it is known for its pro-business environment. In Singapore, it is easy to turn your ideas into businesses with ease and achieve significant profits. Which is the opposite of many Western nations, it only takes about 1-2 days to incorporate a company in Singapore, and the government also provides assistance along the way. To say it simply, Singapore is the easiest place in the world to manage and set up a business.

For more information on Singapore’s exciting economic environment, refer to our Singapore Economy page.

Singapore’s Outstanding Tax System

Taxes are the top considerations for setting up a business anywhere in the world and are at the top of the agenda for any entrepreneur. One of Singapore’s unique strengths is its low effective personal and corporate tax rates. Personal income tax’s tier system starts from just 0% and goes up to 20% for income above S$320,000.

Similarly, effective corporate tax rate for Singapore private limited companies for profits are capped at a flat rate of 17% for profits above S$300,000 and below 9% for up to S$300,000. Singapore adopts a single-tier tax policy which means that if income has been taxed at the corporate level, shareholders would not be taxed for receiving dividends as there are no capital gains taxes in Singapore.

Goods and Services Tax (GST) is a broad-based consumption tax that was adopted by the government as an effort to move away from a dependency on income taxes and to make the economy even more competitive. Singapore GST rates are at 7% which is ranked below the global average VAT/GST rate of 16.4% and the Asia-Pacific average of 10.5%.

To know more about taxes in Singapore, refer to Singapore Taxation page.

Flexible Immigration Policies

Foreign nationals who wish to setup businesses and relocate in Singapore will be aided by Singapore’s open Immigration policy. The government has foreseen the needs of entrepreneurs that need to locate to run their business or to hire foreign professionals and made appropriate Singapore work visa provisions.

To support value adding individuals to settle permanently in Singapore, Singapore has made it easier for foreign professionals to gain Singapore Permanent Residence (PR) status by having a relaxed immigration policy.

Comprehensive Intellectual Property Protection

In Singapore, IP protection is taken seriously and Singapore is a one-stop center for businesses seeking to manage their IP assets. Singapore has been ranked top in Asia by The World Economic Forum (WEF), the Institute for Management Development (IMD) and the Political Economic Risk Consultancy (PERC).

It is a criminal offense for a person or company to conduct willful copyright infringement as Singapore has very strong copyright laws.

Singapore businesses can register a trademark in Singapore or also file for global trademark registration from Singapore as the country is a signatory to major IP conventions and treaties, such as the Paris Convention, Patent Cooperation Treaty, Berne Convention, Madrid Protocol, Budapest Treaty, Agreement on Trade-related aspects of IP rights, and World Intellectual Property Organization.

An Honest and Open Government

Supportive political infrastructure is needed for business to grow and thrive. Singapore’s political system adopts a pro-business approach which decides priorities, enact laws and set regulations rationally. Singapore’s government vision would be to take this nation to the front of the industrialized nations while being in order and stable.

For more information, please refer to the parliament of Singapore page.

The World’s Best Labour Force

A key ingredient for the success of any business would be an attractive, world-class, and production work-force. Singapore is primarily a knowledge-based economy and its manpower force is educated and professionally qualified. Singapore’s workforce is identified as having high level of education, technical proficiency, and high productivity, work-hard and work-smart culture. Singapore workforce attracts professionals from all over the world as it is both international and cosmopolitan and bring with them business expertise and extensive knowledge.
Singapore boasts of the “Best Labour Force in the World” in the latest rankings as an added inducement for entrepreneurs and employers that are interested in starting up a business or creating a branch office.

A Higher Quality of Life

One of the top concerns for foreign-born professionals and entrepreneurs whom setup businesses and relocate to Singapore would be the quality of life as they relocate with their family as well.

Singapore residents can enjoy many benefits like an wide selection of cultural and education opportunities, convenient transport, safe and healthy environment, an outstanding support system for businesses and excellent schools.

For an overview about Singapore’s quality of life, see Quality of Life in Singapore page.

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