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Sig Tax & Accounting
  • Sig Tax & AccountingJul 02, 2024
Notice: Singapore’s Banking System Tightens Regulations on Account Opening!

In August last year, a money laundering case involving SGD 3 billion rocked Singapore’s financial sector. The suspects, all Chinese nationals, severely impacted Singapore’s financial order. This incident prompted Singaporean banks to re-evaluate their account opening policies, resulting in stricter review processes and increased difficulty in opening accounts. These changes have affected global investors’ perceptions […]

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Sig Tax & Accounting
  • Sig Tax & AccountingJul 02, 2024
Increase in EP Salary Threshold from January Next Year! Act Fast to Move to Singapore!

On March 4, 2024, the Singapore government announced significant adjustments to the Employment Pass (EP) policy. Effective from January next year, the EP salary threshold will rise from SGD 5,000 to SGD 5,600 per month. Notably, for the financial services sector, the threshold will increase to SGD 6,200 per month. This article aims to analyze […]

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Sig Tax & Accounting
  • Sig Tax & AccountingMay 21, 2024
Dialogue with EDB

In this era of globalization, enterprises are facing unprecedented opportunities and challenges. Companies are increasingly looking to international markets to seek new growth points and development opportunities. Singapore, as one of the most important commercial and trade centers in Asia, has become a popular destination for global entrepreneurs and investors due to its multiple advantages. […]

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Sig Tax & Accounting
  • Sig Tax & AccountingApr 16, 2024
Singapore-China Business Exchange! Gather at SIG Singapore!

On December 18th, the Yangtze River Delta Overseas Investment Promotion Center, in collaboration with Suzhou Industrial Park’s outbound enterprises, visited Singapore. As a leading professional cross-border investment service institution in Singapore, Hongxin provided a welcoming space for attendees to engage in meaningful discussions. The representatives engaged in lively discussions about overseas opportunities and practical operations […]

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