MBiA - MyBusiness in Asia

🚀 MBiA x Tenity: Empowering the next wave of startups 🚀

This week, MBiA is excited to partner up with Tenity, a Swiss leader in fintech and insurtech innovation, in holding 1-to-1 sessions with 6 Korean startups specializing in VR/AR/XR technology, who aim to enter the Singaporean market.

✨ On behalf of MBiA, our General Manager - Maxime J. and Management Trainee Intern - Veronica Ciavarella joined this personalized consultation and shared practical market insights as well as a detailed presentation of the Singapore market to help participants understand the main advantages of operating in this dynamic landscape.

👏 Thank you Tenity team for your dedication to fostering growth and collaboration within the startup ecosystem.

It's inspiring to see so many innovative ideas and passionate entrepreneurs! This is how we make innovation work. 🌱



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

🕒 In the hustle of running a business, accounting can sometimes fall by the wayside. Whether you're a small startup or a growing medium-sized company, don't overlook tracking your financial health because you can fall prey to it too.

📊 We believe getting the basics right is the first step to moving accounting from the back of the house to a strategic voice in your organization. That's why you should enter Rescue Accounting – a proactive approach to keep your finances in check and your business on course as soon as possible.

🌟 Let's explore how rescuing your accounts today can steer your business toward sustained success and growth.
https://mybusiness-asia.com/news-insights/when-do-you-need-rescue-accounting/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

🚀 Hong Kong, un acteur clé du secteur financier asiatique, prend le devant de la scène mondiale de la fintech ! 🌏 Grâce à des avancées technologiques de pointe dans le domaine de la finance, à l'achèvement de la phase 1 du programme pilote e-HKD et au lancement de la feuille de route pour la promotion de la fintech, la ville est en passe de dominer le secteur.
Découvrez les dernières tendances fintech à Hong Kong pour 2024 selon le Fintech News Hong Kong ! 👇



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

Tax Highlights for Businesses from Singapore Budget 2024

With the theme of ‘building our shared future together’, Singapore's Budget 2024 focuses on unity and resilience to address global uncertainties and capitalize on growth opportunities.

As other countries offer large subsidies to attract businesses, stay competitive and attract high-quality investments, Singapore is introducing a new refundable tax credit.

Let's dive into the key adjustments with the corporate tax summary below and discover how they benefit your business growth in Singapore. 👇

1. Corporate Income Tax (CIT) Rebate
To help companies manage rising costs, a proposal to grant a CIT rebate of 50% of the CIT payable for YA 2024 was introduced:
➡️ CIT rebate is capped at S$40,000, aiming to help companies manage rising costs
➡️ It is applied directly to the income tax payable, lowering the amount of tax companies need to pay.

2. CIT Rebate Cash Grant
▶️ Companies with at least 1 local employee in 2023 will receive a minimum benefit of S$2,000 as a cash payout ("CIT rebate cash grant").
▶️This non-taxable cash grant will be automatically provided to qualifying businesses by the third quarter of 2024.

3. Tax deduction for renovation or refurbishment (R&R) expenditure
To help companies ease compliance and make the R&R scheme more relevant, the government proposed several enhancements starting from YA 2025:
💠 Expand the scope of qualifying expenditure to include designer fees or professional fees
💠 Fix the relevant three-year period to compute the R&R expenditure cap (with the first three-year period being from YA 2025 to YA 2027)
💠 Allow to claim R&R deductions in one YA, subject to the expenditure cap of S$300,000

4. Introduction of Refundable Investment Credit (RIC)
This scheme is designed to incentivize businesses undertaking sizeable investments in high-value and substantive economic activities, by offering refundable investment credits with cash features.
🔷 Cover up to 50% of qualifying expenditures for projects over 10 years
🔷 Address MNE concerns, attract global investments, create high-value jobs
🔷 RIC tax credits will offset CIT payable, with unused credits refunded as cash

5. Pillar two of the Base Erosion and Profit Shifting (BEPS) 2.0
Singapore will implement the Income Inclusion Rule (IIR) and a Domestic Top-up Tax (DTT) from Pillar Two of the BEPS 2.0 framework from 2025:
✔️ BEPS 2.0 imposes a 15% minimum effective tax rate on business profits.
✔️ It affects MNE groups with annual revenues of at least 750 million euros in 2 of the last 4 financial years, in line with the Pillar Two GloBE Model Rules.
✔️ The IIR applies to low-taxed profits of Singapore-based MNE subsidiaries operating abroad.
✔️ The DTT targets the low-taxed profits of Singapore-operating subsidiaries of MNE groups.

If you require further guidance or support with regards to accounting and tax matters, please do not hesitate to contact MBiA. Our experienced team will ensure your organisation to stay up-to-date with the latest regulatory requirements and best practices.



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

🧐 Curious about what's behind the Internship life at MBiA?

🌟 From hands-on projects to invaluable mentorship, at MBiA, we strive to build a culture that celebrates fresh perspectives, innovative ideas, and dynamic energy that young talents bring to the table.

🌱 Partnering with universities worldwide, we’re committed to creating a multicultural environment where creative talents can freely learn from trials and errors and collaborate with like-minded professionals to ignite their inspiration.

Let’s meet our "Z factors" and uncover their journey of growing at MBiA. 🚀



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

🌟 Exploring Hong Kong’s Two-Tiered Tax Rates 🌟

🚀 Do you know what primarily draws new business owners to incorporate in Hong Kong? It's the welcome tax incentive called two-tiered profit tax rates, which is undoubtedly a relief for SMEs' tax burden. The first HK$2 million of profits are taxed at a lower rate of 8.25%, encouraging businesses to grow and succeed. 🌱

Sounds interesting, doesn't it? Let's dive into the details of this tax system and discover how it benefits both SMEs: 👇
https://mybusiness-asia.com/news-insights/hong-kong-two-tiered-profits-tax-rates-regime/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

Hong Kong: Two-tiered profits tax rates to be implemented - MyBusiness in Asia Hong Kong's two-tiered tax rate regime offers a welcome tax incentive and relieves the tax burden for small and medium-sized enterprises.

🌍 With technology booming, Singapore is admittedly lacking talent in this area. As Singapore’s Prime Minister Lee Hsien Loong once said, “Talent is key as Singapore develops its technology ecosystem."

🚀 That's why Tech.pass designed for foreign technological experts has been introduced in Singapore to bring professional expertise and further revolutionize its technology sector.

Shoutout to tech entrepreneurs, Singapore is hunting for talented tech minds worldwide! Pin the Lion City on your list and check out what you need to prepare to get a Singapore Tech.pass below. 👇

👉 Learn more about our Immigration services at: https://mybusiness-asia.com/offers/immigration/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

✨ MBiA wrapped up July with a successful event! 🇭🇰

Last week, in collaboration with Aspire, InvestHK, Alpha Intelligence Capital, and PayPal, our MBiA Hong Kong Country Manager, Vincenzo Casciaro, hosted an interactive session titled “Kickstart Your Global Business from Hong Kong.”

📈 The session emphasized the key role of digital solutions in leveraging Hong Kong as a global business launchpad and provided valuable networking opportunities.

Key insights:
✔️ Government and VC funding and support for startups with promising IPs and technical differentiation
✔️ The importance of enhanced cash flow visibility and competitive transaction pricing for SMEs and new businesses
✔️ The crucial role of user-friendly payment gateways for entrepreneurs establishing online businesses

🙌 A heartfelt thank you to our enthusiastic speakers and participants for making this event a success. Special thanks to our sponsors, Italy Alliance Business Centre for the venue, and Cheese Club for the refreshments.

Stay tuned for more upcoming events!



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

Must-know essentials of PSG Grant in Singapore

In the dynamic and fiercely competitive world of business today, achieving high levels of productivity is paramount for the success of organizations.

⭐ Recognizing this, the Singaporean government has implemented the Productivity Solutions Grant (PSG) to support local companies in their efforts to boost productivity.

1️⃣ Key Facts about the PSG

The Productivity Solutions Grant (PSG) from the Monetary Authority of Singapore (MAS) offers financial support for small and medium-sized enterprises (SMEs) to increase their productivity by implementing IT solutions and consultancy from pre-approved vendors.

Since 1 April 2023, business entities registered and operating in the country can claim up to 50% of qualifying costs for all solutions, except:
🌱 Job redesign consultancy solutions - solutions to increase productivity and make work attractive for employees will continue to receive enhanced support at 70%.

🌱 Pre-scoped IT solutions for the legal sector - the legal sector will continue to receive enhanced support of 70% until 31 March 2025.

2️⃣ Benefits of the Singapore Productivity Solutions Grant (PSG):

📈 Financial Aid: PSG provides financial assistance to eligible businesses, co-funding up to 50% of qualifying expenses, with a cap of S$30,000. This helps companies overcome financial barriers, accelerating the adoption of productivity-boosting solutions.

📈 Enhanced productivity: PSG encourages the uptake of tech solutions to streamline processes, automate tasks, and optimize operations. Leveraging PSG funding enables businesses to deploy innovative tools, cut costs, and gain a competitive edge.

📈 Increased competitiveness: PSG empowers businesses to embrace advanced technologies, upgrading their capabilities for a competitive edge. Through digital integration, organizations enhance agility, responsiveness, and market competitiveness, paving the way for sustainable growth.

3️⃣ Who is eligible to apply for PSG?

Business entities can apply for PSG if they meet the following criteria:

➡️ Registered and operating in Singapore
➡️ Purchase/lease/subscription of the IT solutions /equipment /consultancy service must be used in Singapore
➡️ (For selected solutions only) Have a minimum of 30% local shareholding
➡️ (For consultancy service solutions only) Have at least three local employees at the point of application

Please be reminded that PSG support is available exclusively for companies choosing to implement solutions from the approved vendor list. For the full range of approved solutions and vendors, please refer to the comprehensive list provided by the authorities.



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

🤔 Vous envisagez de lancer une entreprise à Singapour ou à Hong Kong ? Vous ne savez pas par où commencer ?

Pas de panique, MBiA est votre partenaire de confiance. Nous vous accompagnons en toute transparence dans le processus d'enregistrement grâce à notre expertise et à nos solutions digitales.

Découvrez les étapes clés pour un démarrage sans encombre et réussi 👇
https://mybusiness-asia.com/news-insights/incorporating-a-company-in-singapore/
https://mybusiness-asia.com/news-insights/incorporating-a-company-in-hong-kong/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

🛡️ Beyond Hong Kong's reputation as one of the world’s freest economy, there are many other benefits that foreign investors can take advantage of. One of which is the use of Special Purpose Vehicles (SPV) to safeguard their investments.

💡 A Special Purpose Vehicle (SPV) is a distinct legal entity formed to isolate risks by keeping major assets distinct from the parent company. Foreign investors aiming to minimize the risks of bankruptcy might consider using a Special Purpose Vehicle (SPV) as a backup plan for their business.

Carefulness is never excessive. Join us to explore why applying SPV solutions can thrive your business in Hong Kong. 👇

👉 Learn more about our Holding Companies & SPVs services at: https://mybusiness-asia.com/offers/holding-companies-spvs/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

5 AI tools every SME should use

In today's digital era, AI is a game changer that empowers SMEs to gain a competitive edge, particularly within the thriving business ecosystem.

Check out these 5 practical AI tools to level up your game 📩:

1️⃣ Dialpad Ai: Best for business communications & overall productivity
For small businesses juggling phone systems, video apps, and messaging tools, Dialpad is like your communication toolkit in your pocket! ✨

2️⃣ 6sense: Best for automating lead capture
6sense aims to Supercharge your sales pipelines by spotting potential buyers early in their journey, slipping through the cracks of traditional lead-capture systems. It sounds like having a sales superhero on your team, right? 🦸

3️⃣ Clari: Best for sales forecasting
Clari - another robust tool designed for sales teams. Clari is a reliable partner to boost revenue predictability, enhancing data quality, identifying opportunities, and minimizing potential risk! 🧙‍♂️

4️⃣ Jasper AI: Best for marketing
Our pick for the best AI marketing tool today is Jasper AI, covering copywriting, content strategy, and integrated end-to-end marketing campaigns 😎.

5️⃣ ChatGPT: Best for business ideation and general knowledge sourcing
ChatGPT is your go-to for interactive conversations, answering questions, brainstorming ideas, and crafting or rewriting content. The ultimate language wizard is at your fingertips! 💬

As technology dances forward, staying ahead of the curve is key for SMEs. Embrace these AI tools, and watch your business not just survive but thrive in today's fast-paced and ever-changing landscape!



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

✈️ 🇸🇬 Considering a career move to Singapore? This means you need to secure a Letter of Consent (LOC) first.

💡 Singapore LOC is a permit from the Ministry of Manpower that allows foreigners already in Singapore on a Dependent’s Pass, Long-Term Visit Pass, or other types of work passes to legally work there.

📈 With over 1.5 million foreign workers contributing to Singapore's economic engine (as of December 2023), this competitive landscape can make your LOC approval more selective. Don't worry, we're here to make things easier for you.

For foreign professionals seeking employment opportunities in Singapore, please take a look at our recent article to gain essential insights on criteria and steps to apply for a LOC! 👇
https://mybusiness-asia.com/how-to-work-with-a-letter-of-consent-in-singapore/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2418

How to work with a Letter of Consent in Singapore? - MyBusiness in Asia Foreigners in Singapore who hold a Long Term Visit Pass or a Dependant Pass are allowed to work with a Letter of Consent.

💡 A key characteristic of private limited companies is that its shares are transferable.

🔍 In Singapore, shares and debentures are movable property transferable under the provision of the company's constitution and the Companies Act, involving the voluntary transfer of member rights and responsibilities.

🔁 Join us in discovering the exact procedure of initiating a share transfer for your Singapore-based company. Dive in below! 👇



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

❓ Saviez-vous que le système d'incitations fiscales de Singapour est un moteur essentiel de la croissance économique et de la prospérité individuelle locale ?

🌏 Le système fiscal de Singapour est internationalement reconnu comme efficace et compétitif, ce qui permet aux investisseurs étrangers de bénéficier de faibles taux d'imposition et de nombreuses incitations fiscales. Ces incitations visent à favoriser le développement économique et l'innovation, en créant un environnement accueillant et en soutenant les entreprises de rang mondial.

👇 Explorez les détails et donnez à votre entreprise les moyens de croitre dans l'une des économies les plus dynamiques du Sud-Est asiatique.



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

❓ Stuck at the starting line: Choosing the right business structure for your Hong Kong startup

Selecting the appropriate business structure is an initial and crucial step, setting the foundation for your entire journey. However, reality shows that many entrepreneurs in Hong Kong find themselves at a crossroads: sole proprietorship or private limited company. 🤔

🔍 While a sole proprietorship offers simplicity, a private limited company presents advantages such as limited liability and potential for growth. Each option comes with its own set of pros and cons, impacting factors like personal liability, compliance obligations, and tax responsibilities.

Our comprehensive guides break down everything you need to know, providing clear strategies to help you make the best decision for your unique startup. Dive in now! 👇
https://mybusiness-asia.com/sole-proprietorship-vs-plc-in-hong-kong-everything-you-need-to-know/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

Sole proprietorship VS Private Limited Company in Hong Kong: Everything you need to know - MyBusiness in Asia Let's explore the key differences between sole proprietorships and private limited companies to make an informed decision for your business in Hong Kong.

📈 In Hong Kong, there's a growing emphasis on ESG (Environmental, Social, and Governance) factors, which encompass aspects of a company's operations and its broader societal and environmental impacts.

💥 This heightened focus is driven by rising expectations from investors and customers who seek greater transparency and accountability from businesses.

1. Challenges faced by Hong Kong businesses
➡️ Limited understanding of ESG issues and the struggle to incorporate them effectively into business strategies.
➡️ The fragmented ESG landscape in Hong Kong challenges companies to meet standards and navigate complexities effectively
➡️ Difficulty in balancing ESG considerations with other business priorities such as financial performance and growth.

2. Benefits for Hong Kong businesses in embracing ESG
🌱 Growing market demand for sustainable products and services due to increased consumer consciousness about environmental and social issues.
🌱 Potential for cost reduction and operational streamlining by implementing sustainable practices, offering financial benefits especially for smaller businesses.
🌱 Improved stakeholder relations and reputation through addressing ESG concerns, facilitating trust-building with employees, customers, and investors, ultimately contributing to business success.

3. Navigating the ESG landscape in Hong Kong
✍️ Gain a deep understanding of the relevant ESG issues that directly impact the company's operations and stakeholders.
✍️ Define clear and actionable ESG goals and targets that are consistent with the company's overall strategy and objectives.
✍️Create a robust ESG reporting framework that enables accurate measurement and transparent reporting of progress towards achieving ESG goals.
✍️ Actively engage with diverse stakeholders, including investors, customers, and employees, to gather insights into their expectations and concerns regarding ESG matters, and to foster support for the company's ESG initiatives.
✍️ Integrate ESG considerations into all aspects of the company's business operations, including supply chain management, procurement processes, and corporate governance practices.
✍️ Continuously monitor and evaluate progress towards ESG goals, and regularly review and refine ESG initiatives to ensure they remain effective, relevant, and aligned with evolving stakeholder expectations and regulatory requirements in Hong Kong.

🚀 Excited to share about the incredible opportunities offered by the Hong Kong Cyberport Incubation Program!

Are you a budding entrepreneur looking to kickstart your startup journey? Look no further! The Cyberport Incubation Program is here to fuel your aspirations and turn your innovative ideas into reality.

🌟 Aiming to support early-stage companies in Hong Kong, focusing on digital technology growth, the Cyberport Incubation Program offers extensive financial aid of up to HK$500,000, subsidies for talent and research, professional training, business development support, and expert consultation.

Ready to take your startup to new heights? Apply now and unleash your potential with the Cyberport Incubation Program! 👇



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

🧐 Bien commencer sa création d'entreprise à Singapour: La Checklist Indispensable !

Finaliser l'incorporation de votre entreprise à Singapour marque le début de votre aventure entrepreneuriale👏. Maintenant que votre entreprise est officiellement lancée, préparez-vous à naviguer entre les requis et la compliance locale pour garantir une conformité sans faille avec le cadre juridique de Singapour.

Explorez la Checklist détaillée ci-dessous pour mener à bien votre création de société en toute confiance! 👇



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
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📧 [email protected]
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🚀 Empowering your Singaporean businesses with Enterprise Singapore (ESG) 🚀

As a government agency, ESG's mission is to support committed companies in building their capabilities, enhancing competitiveness, and expanding globally. 🌍

From financing secured overseas projects with the Enterprise Financing Scheme – Project Loan to supporting market expansion through the Market Readiness Assistance (MRA) Grant, ESG is here to steer businesses towards success.

Are you ready to take your business to the next level? Learn more about how ESG can support your growth and internationalization efforts. 👇
https://mybusiness-asia.com/news-insights/how-can-enterprise-singapore-help-your-business/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

How can Enterprise Singapore help your business? - MyBusiness in Asia ESG's main objective is to help enterprises enhance their capabilities to be more competitive and eventually expand abroad.

🎉 Savoring a successful Q2 with a team lunch as crispy as a perfectly baked pizza! 🍕

🚀 From hitting project milestones to fostering creativity, we’ve crushed our goals this quarter! Cheers to an amazing team and even better months ahead! 🥂👏



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

📜 In Singapore, one of the essential compliance requirements for a company is to conduct an Annual General Meeting (AGM). This meeting allows all shareholders to engage in the company's decision-making process.

For companies with a Financial Year End (FYE) of 31 December, the AGM must be held within six months thereafter. If your company hasn't held the AGM yet, refer to the quick checklist below. 👇

👉 Learn more about our Corporate Secretary services at: https://mybusiness-asia.com/offers/corporate-secretarial/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

🌟 Hong Kong isn't playing by the same tax rules! By owning one of the simplest and most business-friendly tax systems globally, Hong Kong is no wonder a magnet for ambitious businesses setting sail in Asia!

🔍 Hong Kong taxes business profits based on where the business activity happens, not where the company is registered. This means that Onshore and Offshore Profits are taxed differently here. Therefore, to unlock maximum profit potential, understanding your company's money-making moves is key!

Dive into four strategic tips for companies to take advantage of Hong Kong's attractive tax system and optimize their operations for maximum efficiency. 👇
https://mybusiness-asia.com/news-insights/explanation-of-the-onshore-and-offshore-profits-in-hong-kong/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

🆕 To encourage more investment in Hong Kong and boost the financial sector, the Hong Kong Government launched the new Capital Investment Entrant Scheme (CIES) in March 2024, which has been met with positive responses from the market.

👉 Learn more about this news: https://www.newcies.gov.hk/en/index.html

If you're just getting started with this new scheme, take a look at our simplified guide below! 👇



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
🌐 https://mybusiness-asia.com
📧 [email protected]
📞 +65 6027 2417

💼 Ensuring a strong foundation: The significance of a registered office address in Singapore

📝 As mandated by the Companies Act, every limited company and LLP operating within Singapore must maintain a registered office address within the country's borders, both upon incorporation and throughout its existence.

Curious about the conditions for a registered office address? Uncertain whether a virtual office or home office is acceptable? Discover the answers you're looking for in the article below. 👇
https://mybusiness-asia.com/registered-office-address-for-companies-in-singapore/



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𝐌𝐁𝐢𝐀 - 𝐌𝐲𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 | 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 - 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠
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Registered office address for companies in Singapore - MyBusiness in Asia Registered office address for companies in Singapore A registered office address is a valid address lodged with the ACRA at the incorporation.