#corppass

[incorpglobalsstuff]

What are the Key Benefits of Using CorpPass for Business Authentication and Transactions?

By leveraging CorpPass, businesses in Singapore can benefit from enhanced security, convenience, and operational efficiency while conducting various transactions and authentication processes with government agencies and other entities. This digital identity system supports the nation's efforts to promote a business-friendly environment and drive digital transformation in the corporate sector.

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A Guide to GST Registration for Companies in Singapore

In Singapore, the Goods and Services Tax (GST) is a consumption tax levied on the supply of goods and services. If your company’s taxable turnover exceeds S$1 million annually, GST registration is mandatory. Here’s how to gst registration company singapore.

Understand the Requirements

Before starting the registration process, determine if your company meets the criteria for mandatory GST registration. If your company’s taxable turnover in the past 12 months exceeds S$1 million, or if you expect it to exceed this threshold in the next 12 months, you must register for GST. Companies can also voluntarily register for GST if their turnover is below the threshold but they wish to benefit from GST credits on business purchases.

Preparing for Registration

Ensure your company is prepared to handle the responsibilities that come with GST registration, such as maintaining detailed records, issuing tax invoices, and filing GST returns. Understanding the intricacies of GST rates and exemptions will help in accurate sme accounting and compliance.

The Registration Process

Access myTax Portal: Begin by logging into the Inland Revenue Authority of Singapore (IRAS) myTax Portal using your company’s SingPass or CorpPass.

Complete the Application: Fill out the GST registration form with accurate company details, including financial statements and expected revenue.

Submit Supporting Documents: Upload necessary documents, such as the company’s business registration certificate, financial statements, and a completed GST F5 form if applicable.

Declaration and Submission: Carefully review the information, make the necessary declarations, and submit the application online.

Post-Submission Process

After submission, IRAS will review your application and may request additional information. Upon approval, your company will receive a GST registration number and an effective date of registration.

Post-Registration Compliance

Post-registration, your company must charge GST on taxable supplies, submit quarterly GST returns, and keep detailed records. Non-compliance can result in penalties, so it’s essential to stay informed and adhere to GST regulations.

By following these steps, companies can successfully register for GST in Singapore and ensure they meet all regulatory requirements. Proper preparation and adherence to guidelines will facilitate a smooth registration process and ongoing compliance.

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Becoming a PSG (Productivity Solutions Grant) pre-approved vendor is a significant step for businesses looking to offer their solutions to a broader market in Singapore. The PSG grant supports companies in adopting IT solutions and equipment to enhance business operations. Here's a step-by-step guide on how you can become a PSG pre-approved vendor:

1. Understand the PSG Criteria and Objectives

Eligibility: Ensure your business meets the criteria set by the PSG, which typically includes being registered and operating in Singapore and offering solutions that align with the grant's objectives.

Objectives: The PSG aims to support SMEs (Small and Medium Enterprises) in digital transformation. PSG Grant Pre Approved Vendor Your solution should clearly demonstrate how it can help SMEs improve productivity and efficiency.

2. Develop or Refine Your Solution

Ensure your product or service is reliable, market-ready, and capable of meeting the needs of SMEs in the sectors identified by the PSG.

Your solution should be user-friendly, cost-effective, and should have a proven track record of successful implementations.

3. Application Process

Visit the Business Grants Portal (BGP) to access the PSG application. You'll need a CorpPass account to log in.

Prepare a detailed proposal that includes your company profile, product information, case studies or testimonials, pricing, and implementation support details.

4. Documentation and Compliance

Ensure all your documents are complete and accurate. This includes business registration documents, product certifications, and any other relevant compliance documents.

Pay attention to data security and privacy, especially if your solution involves handling sensitive business information.

5. Submit Your Application

Once you've compiled all necessary documents and information, submit your application through the BGP.

Ensure all details are accurate and your application clearly demonstrates how your solution meets the PSG criteria.

6. Evaluation Process

After submission, your application will undergo an evaluation process. The authorities might request additional information or clarifications.

Stay prepared to engage in discussions or presentations if required.

7. Approval and Onboarding

If your application is successful, you'll be notified and required to complete any additional steps for onboarding.

Once approved, your solution will be listed as a PSG pre-approved solution, making it available to SMEs to leverage under the grant.

8. Maintaining Your Status

Keep your solution updated and ensure continuous compliance with PSG standards.

Provide excellent customer service to SMEs using your solution, as their feedback can influence your status as a pre-approved vendor.

9. Networking and Promotion

Actively promote your PSG-approved solution to reach potential SME clients.

Engage in networking activities and events to build your reputation and expand your market presence.

10. Continuous Improvement

Gather feedback from your users and continuously improve your solution to stay relevant and competitive.

Stay informed about any changes in PSG Grant Pre Approved Vendor policies or criteria to ensure ongoing compliance.

Becoming a PSG pre-approved vendor is a valuable opportunity to expand your market reach and contribute to the digital transformation journey of SMEs in Singapore. It requires a thorough understanding of the grant's objectives, meticulous preparation, and a strong commitment to delivering quality solutions.

[devtempmail1]

A Quick Look into the EDG Grantin Singapore

Every company yearns to break into the global front within the shortest time possible. But things tend to be difficult for most businesses especially when they lack enough funds to compete with well-established companies. The good news is most governments now lend a helping hand in the form of grants to aid companies in stamping their authority as global powerhouses and compete on an international front.

Singapore has not been left regard since it excels in this regard. One SME grant that’s definitely worth your attention is the popular EDG. But how much do you know about the Enterprise Development Grant in Singapore?

Well, most people don’t seem to understand the essence of the Enterprise Development Grant. To clear any doubts that you might have in mind, EDG aimsto support specific projects that improve your business, inject innovations or even help your company compete at the global market.

No wonder it is no longer surprising when the government of Singapore issues grants to help with mergers and acquisitions. Simply because you run a business, it does not mean you qualify for a grant directly.  It is for this reason that you ought to know the eligibility criteria for government grants.

In Singapore, all businesses having a solid financial background are eligible for grants. In addition, the company should be registered and operational in Singapore and havea minimum of 30% local share holding. If your business is having a new project that is not generating income, then you can still apply for a grant.

Unfortunately, most business owners are still in limbo regarding how to apply for EDG grant Singapore.  To offer a helping hand, you need to log in to the Business Grants Portal using your CorpPass after which you can submit the proposal. Keep in mind you can never submit your proposal without having a CorpPass.

When it comes to how long for approval for EDG grant to be processed, you will have to wait at least 8 to 10 weeks after submitting the project proposal. Those who qualify for a grant receive a Letter of Offer (LOF) stipulating the grant amount awarded. 

To avoid invalidation, it is mandatory to acknowledge receipt and accept the terms and conditions of the LOF.  It is then that you can benefit fromgovernment schemes to help small businesses. Feel free to work with a reputable digital marketing grant consultant if having doubts.

[bbcincorp]

Singapore CorpPass – A Comprehensive Guide

CorpPass is a digital business identification and authentication system for businesses in Singapore. It was launched in September 2016 by the Ministry of Finance and Ministry of Manpower. Singapore CorpPass provides businesses with access to over 80 government digital services, including those related to taxation, manpower, and immigration. This article will provide a comprehensive guide to CorpPass and how businesses can use it to access digital services.

What is Singapore CorpPass?

CorpPass is an authentication system designed to streamline access to digital services. It is an initiative by the Singaporean government that enables businesses to access public sector digital services with just one set of credentials. With CorpPass, businesses can apply for government services, submit payments and documents, and manage their government accounts online.

CorpPass is a secure system that requires businesses to authenticate their identity using a Singaporean identity number, a Singaporean business registration number, or a Singapore-registered company name. It also requires businesses to register with the CorpPass system and create a unique username and password before they can access government digital services.

Benefits of CorpPass Singapore

1. Convenience: CorpPass provides a convenient and secure platform for businesses to manage their digital transactions with the Singapore government. It eliminates the need to remember multiple usernames and passwords, and simplifies the process for businesses to access online government services. 2. Improved security: With CorpPass, businesses can control who in their organization can access the government digital services. This provides an additional layer of security and reduces the risk of unauthorized access. 3. Increased transparency: With CorpPass, businesses can track their online transactions with the Singapore government, making it easier to ensure accuracy and compliance. 4. Data protection: CorpPass helps to protect businesses’ data when accessing government digital services. It also ensures that businesses’ information is only shared in accordance with Singapore’s data protection laws.

How to Register for CorpPass

Businesses must be registered with the Accounting and Corporate Regulatory Authority (ACRA) to use CorpPass. Once businesses have registered with ACRA, they can then apply for CorpPass. Businesses must provide information such as their business registration number, date of incorporation, and type of business when applying for CorpPass. They will also need to create a unique username and password. Once the application is approved, businesses will be able to access government digital services with their CorpPass credentials.

Conclusion

Singapore CorpPass is a secure authentication system for businesses in Singapore that enables them to access government digital services with just one set of credentials. It simplifies the process of authentication and helps to reduce the risk of fraud. It is an important tool for businesses in Singapore that need to access digital services and manage their accounts online.

If you need help getting your business up and running in Singapore, the professionals at BBCIncorp can provide you with the support and guidance you need. Visit here: https://bbcincorp.com/sg/articles/an-introduction-to-the-singapore-corppass

BBCIncorp has years of experience in helping businesses start, develop and grow in Singapore. They have a team of experts that specialize in business formation, corporate restructuring, and other business needs in Singapore. BBCIncorp also offers a range of business services such as accounting, taxation, and legal services. With their help, you can get your business off the ground and make a success of it.

Contact: BBCIncorp Pte. Ltd Email: service@bbcincorp.com Phone: +65 6011 8200 Address: 9 RAFFLES PLACE, #29-05 REPUBLIC PLAZA, SINGAPORE (048619)

[bestaccountingsoftwaresingapore]

How To Increase The Productivity With A Solutions Grant Through Enterprise Singapore?

Are you looking for PSG Grant Accounting Software? User Basic Software is a PSG Vendor for PSG Grant in Singapore. PSG Grant supports companies in Singapore

As a business visionary, you really want to work on your efficiency to expand your benefits, however, you face a test in bearing the cost of tech efficiency arrangements. The Singapore government provides financial support through the productivity solution grant.

PSG makes technology profitability solutions more affordable for Singapore's small businesses. With the help of this government grant option, improve the efficiency of your business processes to assist in lowering costs associated with work and increasing profitability.

A grant application for a productivity solution grant in Singapore combines several previous grant schemes. On April 1, 2018, this application will be implemented. PSG will pay up to 70% of the cost of some IT equipment and solutions that help your business run better and increase profits. The grant will provide you with solutions tailored to your industry if your company operates in retail, food, logistics, precision engineering, construction, or landscaping. You can get tools like an automated cake slicer, high-speed oven, vertical carousel, etc. if your business is in the food industry.

You will also receive a grant for other solutions, such as customer management, data analytics, financial management, inventory tracking, etc. if your company does not fall into these categories.

If you meet the basic requirements for PSG, such as owning a registered SME that is based in Singapore, making use of grant money to purchase IT solutions and equipment in Singapore, and having a 30% local shareholding, you can get a quote from us (Pre-Approved vendor – User essential software Pte Ltd). If you have more than 200 employees or annual revenue of less than $100 million, you can get a quote from us.

After that, submit your application through the BGP by logging in with your CorpPass account to the Business Grant Portal (BGP).

We also offer software for custom solutions that will help you manage all of your business's finances, from creating reports to automating invoices. A customized software solution can be combined with a variety of apps and tech solutions to increase efficiency.

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IR21 is filled by employers on behalf of their employees 1 month before their departure. You can file IR21 by following the procedure given below- You can file IR21 through online mode by signing in to IRAS’s myTaxPortal with your company’s CorpPass credentials. After that, you need to enter the incomes of your employees, which are earned in the year of departure. After that, you have to hold all the dues of your employee, such as gratuity payment, leave pays, allowances, etc. Now, you can give 7 working days to IRAS for the e-filing of IR21. Otherwise, it would take 21 days for the paper filing of the form. Once the IRAS has processed the form, then you will receive a tax clearance directive on myTaxPortal within 3 working days and also through the post, which will take 5 to 7 working days. When the clearance directive is like a directive to pay tax, then you are required to pay the amount within 10 days to IRAS. And in another case, you will receive a notification and pay all the dues of your employee

[3ecpacomsg-blog]

CorpPass Registration and Third Party Authorisation in Singapore

[moneyhealthfinance-blog]

SingPass, CorpPass services restored after 4-hour disruption, second outage in 2 days Fri, Feb 09, 2018 - 12:43 PM UPDATED Fri, Feb 09, 2018 - 5:14 PM After a six-hour outage on Thursday, access to national authentication systems SingPass and CorpPass slowed to a crawl again for about four hours on Friday, disrupting hundreds of essential e-government services. In a Facebook post at about 3.30pm, the Government Technology Agency of Singapore (GovTech) said services were restored at 3... The Business Times

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How Your Business Can Benefit from the PSG Funding

If your business meets the set PSG grant eligibility criteria, there is nothing wrong with moving on to the next step. And this is filling out the application form and waiting for the funding your business desperately needs. After all, you are sure this is the grant you need to drive business growth in Singapore without the hassle.

But first things first, what is PSG grant? The Productivity Solutions Grant (PSG) aims to subsidize the costs of pre-approved digital solutions by up to 70%. This means that you can enjoy digital marketing solutions at a significant discount. This is especially the case when you want to scale up or improve your business processes by adopting IT solutions.

Unlike applying for any other digital marketing grant, the Productivity Solutions Grant application process is straightforward. You will first have to identify relevant solutions that can satisfy your small business needs by going through the list of supportable solutions. Once you do this, it is time to submit a quotation request to a PSG Digital Marketing vendor to provide the equipment and IT solutions you need.

Finally, you have to register your business and set up a CorpPass account to apply for the grant. Fortunately, the registration process is quick and easy. All you have to do is state whether you're the Registered Officer, the Admin, or the User and follow the prompts. Of course, there is nothing wrong with asking for help if you can't get things right without the hassle.

The renowned MediaOne is one of the best places worth turning to when you need help with your PSG grant application process. Here, you can find everything you need to know about this business grant in Singapore before completing the application process.

Applying for the Productivity Solutions Grant (PSG) is no longer a hassle as some people tend to think in the first place. As long as you do your homework and find a PSG vendor you can trust, be rest assured that everything will turn out how you expect.

Hopefully, this quick guide will ensure you reap maximum benefits from the PSG grant in Singapore. If in doubt, get in touch with MediaOne Marketing representatives and get all the help you need to complete the application process without leaving any stones unturned.

[singaporepr]

What is a UEN?

A Unique Entity Number is an identifier related with and gave to organizations, LLPs, Representative Offices, or social orders in Singapore. As it were UEN-issuance offices (ACRA, ROS) are approved to allow UENs.

Is the CorpPass obligatory for neighborhood organizations working in Singapore?All Singapore enlisted organizations should acquire a CorpPass to cover representative expenses, corporate expenses, permit charges, stamp obligations, etc.

Is the CorpPass obligatory for unfamiliar organizations working in Singapore?

Indeed, Branch and Representative Offices of Foreign firms in Singapore must additionally apply for and acquire a CorpPass.

Please visit below link to know more: https://ondemandint.com/singapore-corppass-guide

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Benefits of CorpPass

CorpPass Essentials

The CorpPass is the Singapore government’s virtual identity management software that exclusively authenticates and authorizes transactions between businesses and the government.

Ideally, such transactions are handled by specialists such as accountants, cashiers, etc. For the purpose of delegating a company owner’s signing authority, the CorpPass allows you to assign CorpPass administrators and CorpPass users with access to completing those transactions.

you can read more about "Benefits of CorpPass" here

CorpPass Uses

You can use a CorpPass to:

Pay Taxes, Get Permits, Licenses more

200+ Digital Services

All G2B Transactions

CorpPass Registration Quick View

Collect all documents needed for registration.

Visit the CorpPass website and navigate to ‘Register as a CorpPass Admin’.

Set CorpPass logins, fill-in details of admins, sub-admins, and users.

Select the online services your company needs for its business.

Link those online services with the user accounts for your organization.

Documents Required for CorpPass Registration

For Local Entities:

Your entity UEN

Personal Details of CorpPass Admins: complete names, email addresses, NRIC, PR, SingPass login

Personal Details of CorpPass Registered Officers (ROs): complete

names, email addresses, NRIC, PR, SingPass login For Foreign Entities:

Registered Business Particulars

Admin login details for your CorpPass

CorpPass Advantages

A CorpPass can be used by authorized employees to

assign roles responsibilities to employees conducting business with the Singapore government,

pay corporate taxes,

register for the GST,

obtain tax reference number for holding companies,

obtain income tax reference numbers,

apply for permits,

pay license fees,

obtain government grants for startups (eg. from Enterprise Singapore),

deal with the Singapore Accountant General’s office to curate public buildings, etc.,

authorize your accountants service providers to conduct government transactions on your behalf (thus adding an extra layer of security to your SingPass – which is needed for non-corporate services with the government),

pay customs duties,

sell goods or services to the Singapore government via the GeBIZ portal,

perform G2B transactions.

How is the SingPass Different from a CorpPass?

While a SingPass allows you to authenticate user logins to various government services, a CorpPass allows you to authorize other users/employees to conduct G2B transactions on behalf of the company or other entity. In this manner, the CorpPass adds a layer of corporate security for all your digital transactions.

Is the CorpPass mandatory for local companies operating in Singapore?

All Singapore registered businesses must obtain a CorpPass to pay employee taxes, corporate taxes, license fees, stamp duties, and so on.

Is the CorpPass mandatory for foreign companies operating in Singapore?

Yes, Branch Representative Offices of Foreign firms in Singapore must also apply for and obtain a CorpPass.

CorpPass User Categories

There are five types of CorpPass account roles for employees who are active in conducting transactions with the government on behalf of their business entity:

1. Registered Officer (RO): The person whose name appears as the ultimate beneficiary or owner in the ACRA company register and the corresponding UEN identifier. The RO can assign rights to the Corppass users including the Admin. You may also express to be a Corppass Admin to transact on condition of your commodity, without expecting any permissions. The private whose phrase is officially enrolled with ACRA and Associated/ enrolled to the commodity he/she is incorporated will be accountable for nominating 2 Admins and ratifying the CorpPass Admin charge.

2. CorpPass Administrator: This is someone that the RO designates to create CorpPass Accounts and manages their permissions, including their access to specific digital services. For micro-entities, RO’s can allocate themselves as a CorpPass if necessary.

3. CorpPass Sub-Administrator account (CorpPass Sub-Admin): used by the CorpPass Admin to assist manage CorpPass summaries and their admission to online services on structure of their being the Sub-Admins are merely appointed by the CorpPass Administrator. Appointing someone to be a Sub-Admin does not expect the permission of RO.

4. CorpPass Enquiry Database account: A CorpPass summary assembled by the CorpPass Admin or Sub-Admin of the being Also borrowed to administer marketings with the Government’s digital employment and impression elements of their CorpPass format.

[bbcincorp]

Business Licenses and Permits in Singapore - Part 2

Many industries require extra business licenses and permits. Find out some of the most common ones and also the fastest way to apply for licenses in Singapore

Part 1: https://bbcincorp.blogspot.com/2022/03/business-licenses-and-permits-in.html 2. How to Get a Business License in Singapore One of the easiest ways for you to apply for licenses is to do it online through the GoBusiness Licensing Website with your CorpPass. 2.1. What is the website about? It is a one-stop portal for businesses to apply easily for licenses and also conveniently pay for…

[incorpglobal]

Guide to CorpPass Registration in Singapore

Singapore Corporate Access, otherwise known as CorpPass, will be the only login method for businesses to transact with the Government online from September 1, 2018 onwards.

CorpPass serves as a single platform to manage authorisation across the multiple digital services that government agencies offer. It was launched by the Government Technology Agency (GovTech) as a single corporate digital identity to centralize the digital accounts of business entities with multiple government agencies – substituting the multiple login IDs they were required to have with each government agency.

It was rolled out in September 2016 and is currently used by more than 130 government digital services as a login method. CorpPass is expected to create a more secure and organized process to allow businesses to effectively manage their transactions with the Government and gain access to more digital services without being wary of encountering fraudulent transactions.

CorpPass will be required for local entities bearing a Unique Entity Number (UEN) and for foreign entities who wish to access Singapore’s Government-to-Business digital services.

Different CorpPass Roles

CorpPass has five types of roles that entities can choose from:

Registered Officer (RO)

The person(s) whose name is officially registered with ACRA

Examples usually include: Partner, Director, Corporate Secretary

Note: Only the RO can nominate and approve new CorpPass Administrators

CorpPass Administrator account (CorpPass Admin)

An individual authorised by the RO to create CorpPass accounts and manage access to digital services; may be a person who currently manages Government-to-Business (G2B) transactions on behalf of the company

Examples usually include: Director of Corporate Services (Admin / Finance / Human Resources) or any person(s) authorised by the RO

For small organisations, the RO can assume the role of a CorpPass Admin

Note: Each entity can only have a maximum of two (2) CorpPass Admins

CorpPass Sub-Administrator account (CorpPass Sub-Admin)

A person authorised by the CorpPass Admin to help manage CorpPass accounts and digital service access on behalf of the entity

Can only be created by the CorpPass Admin, and does not require approval from the RO

Similar to the CorpPass Admin, the CorpPass Sub-Admin can also create other CorpPass accounts (i.e., CorpPass Enquiry User, CorpPass User, etc.) for users within the entity

Note: Each entity can only have a maximum of ten (10) CorpPass Sub-Admins

Read more about Singapore CorpPass Registration at InCorp Global.

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Vídeo | CorpPass: Assign Digital Service Access In A Batch https://youtu.be/poqs3RjvUPA