5 Enforcement tasks The company needs to do in Singapore

According to the Global Competitive Report published with the assistance of the World Economic Forum, the growth of Singapore's financial market, highly qualified workforce and infrastructure make it a very good location for set up business in Singapore.

The city-nation has launched many opportunities on top of this to attract businessmen and companies. Nonetheless, as with running a company in any foreign territory, it is important that you first become familiar with local laws and regulations in order to avoid getting into trouble and to make sure you are respectful of how the country does business.





To help keep your company compliant at every step of the way, perform these duties of compliance:

• Gain a Business License
• GST registration
• End a Financial Year
• Disseminate number of company registration
• Protect an account registered

The department may also be required to maintain unique and accurate accounting information and other documents that document all transactions and show the organization's financial status.

Such measures will place the company on track on compliance; one of the important requirements for setting up a business in Singapore is definitely one.