As of September 3, 2021, the Singapore Exchange is among Asia’s first major bourse to allow the listing of special purpose acquisition companies (SPACs).
Individuals and companies are increasingly using electronic signatures, or e-signatures, to sign contracts and complete other transactions in Singapore.
Withholding taxes in Singapore are low by global standards, in line with the city-state’s reputation for business-friendly policies.
International investors can expect the US government’s renewed emphasis on its soft economic power in ASEAN.
On July 23, 2021, the updated Indonesia-Singapore double taxation agreement entered into force, strengthening efforts to prevent tax evasion, and increase investments between the two countries.
On July 23, 2021, Singapore introduced its latest S$1.1 billion (US$800 million) economic support package as the country returned to Phase 2 restrictions.
Biotechnology company BioNTech will establish its Asia-Pacific regional headquarters in Singapore, where it will also establish an mRNA manufacturing facility.
Singapore will increase the Central Provident Fund (CPF) contribution rates for employees aged 55 to 70 years from January 1, 2022.
Singapore’s government has provided an array of fiscal and non-fiscal incentives to help businesses reduce their overhead costs during the pandemic.
The Maritime and Port Authority of Singapore (MPA) will implement a two-phase increase in port dues rates from January 2022.