Singapore Monthly Guides2025-11-24T17:54:04+08:00
  • What are the Types of Partnerships in Singapore?
    4 min readLast Updated: November 24, 2025

    Setting up a business in Singapore, there are a few entities you can choose from. The most popular would be a private company.

  • Navigating Compliance & Risk in Singapore: Integrating IIA’s New Internal Audit Standards
    7 min readLast Updated: November 24, 2025

    Integrating the IIA’s updated Internal Audit Standards with Singapore’s National Risk Assessment (NRA) creates a powerful framework for businesses to enhance their risk management and governance practices. This integration ensures compliance with both global best practices and local regulatory requirements, boosting credibility and investor confidence.

  • Unlocking Startup Funding: A Deep Dive into Singapore’s Licence One (Business Grants Portal) & What It Means for Your Early Stage Business
    6 min readLast Updated: November 24, 2025

    The Business Grants Portal (BGP) in Singapore is an essential tool for early-stage startups, streamlining access to multiple government grants, licenses, and permits through a single platform. It offers significant funding opportunities for entrepreneurs, helping them grow their businesses smarter, faster, and more efficiently.

  • Choosing Between a Branch or Subsidiary in Singapore
    5 min readLast Updated: November 24, 2025

    Expanding your business into Singapore? Our brief guide here streamlines the process of registering a branch office in Singapore and explains details on the taxation of Singapore branch office

  • Opening a Corporate Bank Account in Singapore: A Complete Guide
    4 min readLast Updated: November 24, 2025

    If you are planning to set up business in Singapore, opening a corporate bank account is one of an important steps. In this article, we will cover the requirements, as well as, the tips and tricks of opening a successful corporate bank account.

  • Understanding the Unique Entity Number (UEN) in Singapore
    5 min readLast Updated: November 24, 2025

    Discover how Singapore’s Unique Entity Number (UEN) streamlines your company incorporation by serving as a single, permanent identifier for all interactions with ACRA, IRAS, and other government agencies.

  • What is SSIC Code & ROC in Singapore?
    5 min readLast Updated: November 24, 2025

    An SSIC code—a five-digit, hierarchical identifier based on ISIC—categorizes your business’s principal activities for ACRA registration, licensing, and grant or loan applications in Singapore. Learn how to find, select, and update your SSIC code on BizFile+ to stay compliant, unlock tax incentives, and avoid costly classification errors.

  • How To Setup A Sole Proprietorship In Singapore
    9 min readLast Updated: November 24, 2025

    Establishing a sole proprietorship in Singapore comes with its own set of pros and cons, and this article provides comprehensive details of the incorporation process.

If I’m planning to incorporate in Singapore, should I align this with my hiring timeline?2025-11-20T15:38:01+08:00

Yes. For most new companies, payroll forms the largest recurring cost. Incorporating during a period of slower wage growth allows founders to structure teams more efficiently, onboard early hires at predictable cost levels, and build operational stability before future wage increases return.

Which industries benefit most from lower wage pressures in 2026?2025-11-20T15:38:01+08:00

Labour-intensive and service-driven sectors see the greatest benefit, including consulting, digital marketing, back-office support, logistics, and customer service roles. Tech and finance still show healthy competition, but wage moderation has made it easier for startups to secure support and mid-level talent at sustainable rates.

Does moderating wage growth signal economic weakness in Singapore?2025-11-20T15:38:01+08:00

Not in this context. Wage moderation in Singapore is linked to post-pandemic normalisation, improved productivity, and better talent availability—not declining demand. The broader labour market is still expanding, meaning businesses can expect stability rather than contraction.

Will slower wage growth make it easier for SMEs and foreign entrepreneurs to hire talent?2025-11-20T15:38:02+08:00

Yes. When wage pressure cools, employers typically see a steadier flow of applicants and more reasonable salary expectations. This helps new SMEs and foreign-owned companies compete more effectively against larger firms when recruiting for roles in operations, sales, finance, and technology.

How does moderating wage growth in 2026 affect new companies in Singapore?2025-11-20T15:38:02+08:00

Moderating wage growth means salary increases are stabilising after several years of rapid inflation-driven jumps. For new companies, this creates more predictable hiring costs, reduced manpower pressure during the early stages, and a better opportunity to build foundational teams without facing intense salary competition.

If I’m planning to incorporate in Singapore, should I align this with my hiring timeline?2025-11-20T15:38:01+08:00

Yes. For most new companies, payroll forms the largest recurring cost. Incorporating during a period of slower wage growth allows founders to structure teams more efficiently, onboard early hires at predictable cost levels, and build operational stability before future wage increases return.

Which industries benefit most from lower wage pressures in 2026?2025-11-20T15:38:01+08:00

Labour-intensive and service-driven sectors see the greatest benefit, including consulting, digital marketing, back-office support, logistics, and customer service roles. Tech and finance still show healthy competition, but wage moderation has made it easier for startups to secure support and mid-level talent at sustainable rates.

Does moderating wage growth signal economic weakness in Singapore?2025-11-20T15:38:01+08:00

Not in this context. Wage moderation in Singapore is linked to post-pandemic normalisation, improved productivity, and better talent availability—not declining demand. The broader labour market is still expanding, meaning businesses can expect stability rather than contraction.

Will slower wage growth make it easier for SMEs and foreign entrepreneurs to hire talent?2025-11-20T15:38:02+08:00

Yes. When wage pressure cools, employers typically see a steadier flow of applicants and more reasonable salary expectations. This helps new SMEs and foreign-owned companies compete more effectively against larger firms when recruiting for roles in operations, sales, finance, and technology.

How does moderating wage growth in 2026 affect new companies in Singapore?2025-11-20T15:38:02+08:00

Moderating wage growth means salary increases are stabilising after several years of rapid inflation-driven jumps. For new companies, this creates more predictable hiring costs, reduced manpower pressure during the early stages, and a better opportunity to build foundational teams without facing intense salary competition.

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