Category: Blog

Regulatory Framework: Understanding the Hotels Act and Relevant Authorities The foundation of Singapore’s hotel industry is the Hotels Act, which outlines the legal requirements for hotel operations. This Act, enforced by the Hotels Licensing Board, stipulates standards for hotel establishment and management. Comprehension of the Hotels Act is crucial for prospective hotel owners to ensure…

Business GST Registration In Singapore In Singapore, Goods and Services Tax (GST) is a fundamental aspect of the business taxation system, mirroring the concept of Value-Added Tax (VAT) prevalent in many other countries. GST is a broad-based consumption tax levied on the import of goods, as well as nearly all supplies of goods and services…

Singapore’s tax system is predominantly territorial, focusing primarily on income sourced within the country. Under this system, Singapore resident companies are liable for tax on income generated within its borders. However, the taxation of foreign-sourced income, defined as income earned by a Singapore company outside the jurisdiction introduces unique considerations into the tax landscape. The…

In the context of arbitration, parties involved in a legal dispute often face the decision of whether to seek interim measures. Interim measures of protection are temporary actions or orders that aim to safeguard the rights or property of one of the parties during the arbitration process. They serve as a kind of stopgap solution,…

Overview of the Maritime Sector Incentive (MSI) in Singapore The Maritime Sector Incentive (MSI) represents a significant initiative by the Singapore government to bolster the maritime industry. Aimed at encouraging shipping enterprises to establish and expand their operations in Singapore, the MSI offers a range of benefits tailored to different aspects of the maritime business….

Introduction to Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD) in Singapore When purchasing property in Singapore, buyers are subject to various statutory costs, among which are the Buyer’s Stamp Duty (BSD) and the Additional Buyer’s Stamp Duty (ABSD). These duties represent significant financial considerations in the property acquisition process. BSD is a…

If parties would like to commence arbitration at the Singapore International Arbitration Centre (SIAC), the first step is to ensure that there is a valid arbitration agreement in place. The arbitration agreement should clearly specify the disputes subject to arbitration and indicate that SIAC rules will govern the process. Parties should also check for any…

Introduction to Family Offices in Singapore Singapore has emerged as a leading destination in Southeast Asia for business and investment opportunities. This development is largely attributed to the proactive and intentional efforts of the Singapore government to establish a conducive business environment through solid corporate laws. The nation’s appeal to High-Net-Worth Individuals (HNWIs) is further…

Overview of Contract Law in Singapore Contract law in Singapore is predominantly derived from common law principles. The basis of contract law is that a contract represents a legally binding agreement between two or more parties, with each party agreeing to specific obligations that are enforceable by law. In Singapore, contracts are governed by a…

The Initial Hearing The initial hearing is often portrayed as an important moment in the arbitration process. During this hearing, the parties involved express their preferences regarding how the case should proceed and how decisions are made. It sets the stage by bringing together the arbitration tribunal and the involved parties. It is also a…