News & Insights

As 2024 comes to a close, we reflect on a year of progress in the realm of work passes in Singapore. From greater clarity around the COMPASS system to streamlined processes for Employment Pass and Dependent's Pass holders, businesses are better positioned to navigate Singapore’s work pass requirements. 

Looking ahead to 2025, the rising cost of living in Singapore will continue to influence workforce decisions, encouraging professionals to stay for economic stability as salaries adjust. With fewer expatriates leaving and economic factors favouring retention, Singapore’s job market is becoming more stable again. CSLB Asia remains committed to guiding clients through these evolving trends, offering insights and support for all their business needs including work pass applications.

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Running a business means dealing with more than just day-to-day operations. Accurate financial statements are a legal necessity, no matter your company’s size or profitability.

In this article, we’ll highlight some common mistakes businesses make when it comes to their financial statements—missteps that can quickly escalate into costly problems if left unchecked.

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Singapore's work pass process can be quite complicated, with each pass catering to different types of foreign workers with their own set of criteria and potential challenges. 

In our latest article, we break down the complex system of work passes and work permits for both employers and employees in Singapore.

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As a business looking to expand into Southeast Asia, it can be hard to know where to start to tap into a region rich with business potential. The diverse landscape of regulations, cultural nuances, and logistical challenges can seem daunting. In this article, we are taking a deeper look into the key aspects of doing business in this dynamic region.

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In this article, we will simplify the concept of corporate tax in Singapore, particularly the filing of the Estimated Chargeable Income (ECI), and go through what you need to know to stay on top of your corporate taxes in Singapore.

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Data protection has risen to the forefront of corporate governance worldwide, especially as data breaches have become increasingly common.

With the Personal Data Protection Act (PDPA) setting the pace, the role of the Data Protection Officer (DPO) has now become the focus of many companies as Singapore plans to enforce the role from early 2025.

Read this article to understand the relationship between a DPO, PDPA and the inherent accountability in personal data protection.

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Australia's businesses seeking expansion are setting their sights on Vietnam, a rising star in Southeast Asia. The nation boasts robust economic growth and a strategic location, offering a diverse range of opportunities for companies looking to invest.

Read this article for a deep dive into doing business in Vietnam.

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In this article we take a closer look at the 2024 Federal Budget and how Southeast Asia fits into Australia's economic strategy, especially in the context of its trade and investment relationship with the Southeast Asia region.

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This article dissects the multifaceted nature of terms and conditions, highlighting the vital considerations necessary for crafting effective terms and conditions templates. We will delve into elements in standard Terms & Conditions, the essential components required to forge relevant agreements, and offer insights into the creation of comprehensive terms of conditions that align with the specific needs of your business.

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Southeast Asia is emerging as an educational hub, driven by a tech-savvy population and significant government investments in education. This creates massive growth opportunities for e-learning providers, ed-tech companies, and traditional institutions. The rapid adoption of digital technology in education opens up new markets for digital learning solutions.

Read through our recent article for a deeper dive into the Business of Education in Southeast Asia.

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Breaches of the Companies Act by directors of Singapore Companies are, regrettably, commonplace. The Accounting and Corporate Regulatory Authority (ACRA)’s response to a breach will vary, depending upon its severity, the public interest and the harm done. In this article we look at the most common type of breaches, but specifically the failure to hold an Annual General Meeting (AGM) or to lodge the Annual Return (AR).

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The recent ASEAN summit held in Melbourne, Australia, has set the stage for what lies ahead for business with Southeast Asia. Australian businesses looking to strengthen ties or venture into Southeast Asia should take note of the critical areas discussed at the summit.

Take closer look at what's on the agenda following the ASEAN

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In the latest edition of our newsletter 'The Southeast Asia Opportunity', I take a closer look at Singapore's allure for Australian businesses venturing into Southeast Asia.

From trade in agriculture to renewable energy, the bridge between Australia and Southeast Asia stands strong and promising.

In the third instalment of our series, we explore Singapore’s position as a gateway to Southeast Asia, highlighting the strategic advantages and insights for navigating challenges that may arise.

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With our headquarters in Singapore, we have gained first-hand experience working with global clients to establish a strong presence in Southeast Asia. One area that has captured our attention is the region's transition to a clean energy economy.

This is the second article in our series delving into the opportunities in Southeast Asia.

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The emergence of AI has changed the face of business. So much so that when we think of innovation, now we only seem to think of tech and AI. Tech has become the prevailing focus for corporate services and solutions.

At CSLB Asia, we believe in standing apart from our competitors by prioritising people and partnerships. Striking a balance between leveraging technology and providing personalised services.

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Since the release of the "Invested: Australia’s Southeast Asia Economic Strategy to 2040" report, we have started a short series of highlights from the report.

This article is the first in the series.

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In this podcast episode, Katherine talks about her experience as a trailing spouse as the impetus to change careers from law into starting her own company.

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