Nicolas Tang

In Singapore, the remuneration of directors is a topic of significant legal and corporate governance interest. Directors, who are appointed to manage and oversee the operations of a company, are compensated for their services. This compensation, known as directors’ remuneration, includes any form of payment or benefit given to them in return for their services…

Nicolas was interviewed for this ChannelNewsAsia article: Why Wasn’t Ong Beng Seng Charged With Iswaran? Lawyers Weigh in. Written by: Louisa Tang The Attorney-General’s Chambers has said it will decide on the investigations against the billionaire tycoon after the Iswaran case is completed. CNA speaks to legal experts and lawyers on the possible reasons behind…

Previously in Singapore, when a creditor won a court judgment against a debtor, and the debtor did not follow the judgment’s terms, there were legal avenues to ensure compliance. One such method was through “garnishee proceedings.” In this context, a “garnishee” was a third party who owed money to the judgment debtor. When the court…

Singapore’s dynamic economy offers a wide range of opportunities for business ventures. The choice of business structure influences various factors including tax obligations, image and perception among clients and suppliers, the amount of required paperwork, personal liability, borrowing capacity, and the potential for business expansion. Each entity type has distinct characteristics and is governed by…

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…