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One-stop company registration in Dubai services

A pioneer in the field of consulting and supporting foreign entrepreneurs and companies to incorporate a company in Dubai.

Company set up and A to Z services in Dubai

  • +10 years of experiences, +700 companies.
  • Reasonable cost, dedicated support, professional service.
Hỗ trợ thành lập công ty Singapore trọn gói
Our customers
+700
Customers
Our experiences
+10 years
Cross-disciplinary experience
Our Awards
Top 10
Leading Asian Brand
Gói dịch vụ mở công ty Singapore từ A đến Z

A-to-Z Dubai company registration service just for you

100% foreign ownership, providing investors with full control of their businesses;

Favorable governmental policies and a liberal regulatory environment;

Significant tax benefits with no personal income tax and a competitive corporate tax rate of just 9% (applicable as of June 2023);

Dubai's excellent transportation infrastructure make it a global hub for business;

Access to a large and diverse consumer market, serving as a gateway to the MENA region;

Networking and partnership opportunities with attractive Investment climate;

Efficient Business Setup.

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Attractive Incentives for Company Formation in Dubai that Businesses Can't Ignore:

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100% foreign ownership for international business owners.

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Attractive tax benefits with low corporate income tax rates:

  • Mainland companies: 9% corporate income tax from July 2023.

  • Offshore companies: 0% corporate income tax.

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Reputable brand and business-friendly environment.

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Easy and efficient company formation process.

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Global connectivity and collaboration in an attractive investment climate.

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Access to a large and diverse consumer market, serving as a gateway to the Middle East and North Africa region.

Tại sao nên thành lập công ty tại Singapore
Đội ngũ chuyên gia Global Link Asia Consulting
Comparing company setup in Dubai with Other Countries?
Global Link Asia Consulting is a consulting firm specializing in providing company formation services in over 10 countries such as Singapore, the United States, Hong Kong, offshore, and more. We advise on the differences when establishing a company abroad and offer the best choices based on the business's needs.
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A-Z company registration services in Dubai for foreigners

Global Link Asia Consulting supports company incorporation in Dubai and provides comprehensive, professional company setup services in Dubai.
Dubai is an ideal location for:
  • Trading and Import-Export Companies
  • Advertising, Technology, and Information Technology Firms
  • Businesses in the Healthcare and Tourism sectors
Công ty Singapore dành cho cá nhân và doanh nghiệp
Which person sounds like you?

Global Link Asia Consulting is here to help you solve the puzzle!

Giải pháp mở công ty Singapore tối ưu cho kế toán viên
Giải pháp mở công ty Singapore trọn gói cho công ty Start-up
Giải pháp mở công ty Singapore cho doanh nghiệp

Comprehensive company formation services in Dubai, no hidden fees

For individual or corporate investors from overseas.

Unleash success with our end-to-end Dubai company formation service
Establishment and maintenance of a Dubai company in compliance with Dubai's legal regulations, with complete documentation provided.
Opening a corporate bank account in Dubai with either an online or physical bank in Dubai.
Free international standard website design, with only hosting fees applicable.
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All-in-one company setup for Dubai's offshore, mainland, and freezone entities

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Address services, office setup in Dubai
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Digital or physical corporate bank account opening services for Dubai companies

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Accounting, internal financial reporting, tax filing preparation, and auditing for Dubai companies

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5.0 / 5.0 reviews

WHAT PEOPLE SAY ABOUT OUR COMPANY FORMATION SERVICES?
Khách hàng

Eric Nguyen Very professional service. Enthusiastic support, all questions are clearly answered by GLA friends. In addition, you will also be advised on the most beneficial solution for your business. Thank you GLA team for your support.

Khách hàng

Peter Doan Global Link truly excel in providing new and practical solutions for businesses. They support me throughout the process of opening a bank account, ensuring my success with enthusiasm and dedication. I highly recommend their services.

 
Making a difference in services
Global Link Asia Consulting is a leading, pioneering consulting firm with over 10 years of experience in advising and assisting individuals and businesses in company formation in Dubai.
Discover why working with Global Link Asia Consulting is the smart choice
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  Global Link Asia Consulting Law firms Oversea filling agents
Consult and compare options between Dubai and other countries
Consult on the most suitable bank and the account opening success rate at the start
Consult on tax, accounting, and annual obligations right from the start
Transparent fee from the start
Check your company name
Company opening
Free mail forwarding support     Charge fee
1-1 support throughout the incorporation and management process
Remind and track important deadlines
Prepare financial reports, audited reports, Annual General Meetings and Annual Returns
Dubai country domain name for your website Depend
Register DUNS for your Dubai company Depend

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Unique account openining service for Dubai companies

Experience our specialized bank account opening service for Dubai companies. Our streamlined process ensures personalized support in securing the right bank account for your business.
Consult with an expert
Mở tài khoản ngân hàng số cho công ty Dubai tại nước ngoài uy tín và trọn gói
What is the optimal choice for a Dubai business?
Physical bank account
Có
Trusted banking experience
Có
Security and stability
Không
Business owner, including the director and shareholders, must be present in Dubai to open the company's bank account
Digital bank account
Có
Easy to open
Có
Cost-effective transfers
Có
Quick support
Có
No deposit required
Có
No need to deposit
Không
Unfamiliar for most entrereneurs
 
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Professional tax accounting service for company in Dubai

Elevate your business with our comprehensive tax and accounting services in Dubai. Our team of seasoned experts, well-versed in Dubai's intricate tax and accounting landscape, is dedicated to providing tailored, high-quality solutions that address your specific financial needs.
Choose from our flexible monthly, or annual service options that best suit your needs. Explore our range of tax and accounting services here.
Consult with an expert
Dịch vụ chuẩn bị báo cáo tài chính, thuế trọn gói cho công ty Singapore
 
Why choose to work with Global Link Asia Consulting
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Over 10 years of experience, providing comprehensive services.
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Transparent services, no hidden fees.
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Accurate, easy-to-understand, and practical legal advice tailored to business needs
Hỗ trợ dịch vụ thuế - kế toán trọn gói cho doanh nghiệp Singapore

Foreign entrepreneurs can set up a company in Dubai easily.

What is more, you can own 100% of the company for more than 1,000 commercial and industrial activities thanks to the Federal Decree-Law No. 26 of 2020.

Dubai provides a diverse array of business prospects and embraces a variety of industries. Among the frequently permitted sectors in Dubai are e-commerce, healthcare, tourism, and IT.

Moreover, emerging industries such as Fintech and Cryptocurrencies find Dubai's process for obtaining an operational license more straightforward and efficient than many other countries.

  • Mainland Company: This option allows you to set up a business in the local market (outside the freezones) and engage in various commercial activities across the UAE.
  • Freezone Company: Free zones offer a specialized environment for specific industries, providing benefits such as 100% foreign ownership, tax exemptions, and simplified procedures.
  • Offshore Company: An offshore company offers benefits like asset protection, financial privacy, and tax optimization, 100% ownership and international business activities.

These options provide flexibility and cater to different business needs and preferences when incorporating a company in Dubai.

Yes, foreigners can open a bank account for a company in Dubai, and the account opening process does not require residency status. However, it is crucial that the business owner (director, shareholder) be physically present in Dubai to proceed with the company's bank account opening.

In addition to the undeniable convenience when dealing with Dubai clients, the robust stability of the Dubai banking sector enables international businesses to operate smoothly and conveniently.

Yes, our pricing models are completely transparent. We offer a variety of accounting packages suitable for different business needs, and there are no hidden charges. You'll know exactly what you're paying for from the outset, ensuring cost-effective solutions.

Once you engage our tax accounting service, our experts will conduct an initial review of your financial records to ensure compliance with Dubai's Accounting Standards. We will then guide you through each step of the process, from filing taxes to annual returns, ensuring accuracy and adherence to regulations.

Our team comprises seasoned professionals with extensive knowledge of Dubai's tax landscape. We provide personalized attention, proactive guidance, and dedicated support to ensure your financial success. Our commitment to transparency, efficiency, and expertise sets us apart in delivering top-notch tax accounting solutions.

To get started with our tax accounting service for your Dubai-based company, simply reach out to us through our contact information. Our team will be glad to discuss your requirements and provide you with the necessary guidance to initiate the process.

We offer support for mainland, freezone company formation as well as offshore company incorporation in RAK.

Experience the power of our secure and user-friendly online corporate services platform. It revolutionizes the process of incorporating and maintaining compliance for your Dubai company. Gone are the days of relying on slow email responses or unanswered calls.

Our platform puts you in control. Each task is intelligently assigned and tracked, ensuring prompt and high-quality delivery. With full visibility into the status of every task, you stay informed and empowered. Embrace the future of corporate services and leave behind the inefficiencies of the past.

Once you join our platform, our dedicated service delivery team will be there to assist you every step of the way. Rest assured, you won't be dealing with impersonal chatbots during your company incorporation and compliance journey. Instead, our experienced professionals will personally engage with you on a task-by-task basis, ensuring top-notch service quality.

Through our online platform, you'll enjoy seamless coordination and collaboration with our team, making your experience efficient, dependable, and enjoyable.

Global Link Asia Consulting is ready to help

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Let Global Link Asia Consulting help you set up and manage your overseas company from A to Z so that you can focus on global ambitions and create business breakthroughs.
More than 700 business owners have chosen Global Link Asia Consulting as their strategic consulting partner for a successful company incorporation and management. And so can you too. Contact our expert and start your journey today.

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Ready to explore the Dubai business landscape? Our continuously updated article section has you covered with all the information you need!
  • Country: Singapore
  • Services: Digital bank account, Traditional bank account
  • Rating Count: 41
  • Rating Value: 5

Having a multi-currency account can be a fundamental change for international students, frequent travelers, foreign entrepreneurs, and international businesses.

This article covers everything you need to know about multi-currency accounts and the best ones in Singapore, helping you make the right choice based on your unique needs.

What Is a multi-currency account?

A multi-currency account allows you to hold, receive, and make payments in multiple currencies under a single account. 

This straightforward way avoids conversion fees, simplify global transactions, and provide greater control over currency management makes it particularly valuable for businesses and frequent travelers.

What are the benefits of a multi-currency accounts?

With a multi-currency account, you can get

  • Financial flexibility: You can receive/transfer money, make payments and investments (Buy bonds, stocks, or secure best FX rates) in different currencies.
  • Lower maintenance fee: You can manage all transactions in one account, avoid having multiple accounts, unfavorable exchange rates. In addition, some banks offer free payment transfers within the bank network
  • Easy account management: You can get a dedicated account manager who can support you directly and offer insights you need.

Who can benefit from a Singapore multi-currency account?

Multi-currency accounts can benefit both individual users and businesses. Examples are frequent travelers, foreign students, expatriates, e-commerce sellers, exporting-importing businesses.

2 types of multi-currency accounts in Singapore

You can get 2 types of multi currency accounts in Singapore depending on your needs:

Business accounts

These accounts support a wider range of currencies and higher transaction limits, often with specialized features like access to foreign exchange markets. They’re popular among businesses with international dealings or expenses in different currencies.

Personal accounts

Personal multi-currency accounts are substantial for individuals who travel often, make purchases in foreign currencies or receive funds in different currencies. 

Some banks offer benefits, such as straightforward access to unique features (low or no minimum balance and easy online management).

Top 5 best multi-Currency accounts in Singapore

Here’s a look at some of the most popular options in Singapore for multi-currency accounts, including both traditional banks and innovative FinTech providers

Types of bank account Best for minimum

 Minimum deposit (in SGD)

Features
Wise Multi-Currency Account International transactions and frequent users None
  • Real-time exchange rates
  • Low transfer fees
  • Over 50 currencies supported
  • No hidden charges
HSBC Everyday Global Account (Personal Banking) Expats and frequent travelers $2,000 to qualify for cashback
  • Up to 10 currencies supported
  • Access to the global banking network of HSBC
  • Free withdrawals from HSBC ATMs globally
  • 0,05% minimun annual interest and 4,1% maximum annul  inerest
DBS Multi-Currency Account Individuals or SMEs with cross-border dealings A Singapore company does not require an initial deposit if it is incorporated less than 3 years ago.
  • Supports digital invoicing
  • Access to over bfor cross-border trades
  • One-stop solution for accounting, payroll, and banking
  • Multi-currency account support
UOB Global Currency Account Frequent travelers and regional businesses

$1,000

(Initial deposit depending on the currency)

  • 10 major currencies (USD, EUR, CAD) supported
  • Competitive exchange rates for FX conversions
  • Multi-currency funds transfer globally
Standard Chartered Bonus$aver Multi-Currency Account Individuals looking for both savings and FX $2,000
  • Up to 14 currencies supported
  • Access to competitive FX rates
  • Bonus interest rates for spending, investments, and deposits

How to set up a multi-currency account?

You can open a bank account in Singapore on your own, but the majority of foreign businesses struggle to do so. 

With the support from our banking expert, we offer a 5-step process to help you open a business multi curency account in Singapore as below:

Step 1: Gather documentation

Before you start the application process, you have to gather the necessary documentation. This typically includes:

  • Identification Documents: A government-issued ID, such as a passport or national identity card, to verify your identity.
  • Proof of Address: A recent utility bill, bank statement, or rental agreement showing your name and residential address.
  • Business Documentation (if applicable): For business accounts, you need your company registration documents , tax identification number, and details about company ownership and structure.

How to manage a Singapore multi-currency account?

Charges and Reccurring fees

Managing the right multi-currency account involves evaluating several factors. One important factors are charges and recurring fee. Those charges and fees can be

  • Annual account maintenance fee;
  • Currency conversion fee;
  • ATM withdrawal fee;
  • Online transfer, overdraft, wire transfer;
  • Fall below fee if the account balance is low than the minimum requirement.

High-risk activities

Banks will freeze accounts if they notice unusual transactions, like large deposits or international transfers from unknown sources, as a precaution against fraud. 

Solution

To prevent this, inform your bank if you’re expecting high activity or significant transactions, and have documentation ready if needed. 

If your financial activities change, consider talking to your bank about adjusting transaction limits. This communication helps keep transactions smooth and avoids interruptions, especially useful for handling multi-currency or international payments effectively.

Avoid trading with high-risk countries

To avoid account freezes, it’s also crucial not to trade with sanctioned or high-risk countries, like those under international sanctions, as these transactions often trigger banking restrictions. 

Avoid high-risk activities, such as handling enormous sums without obvious sources or sending frequent, high-value transfers to multiple new recipients, as these can raise red flags.

Solution

  • Track ransactions: Maintain records of all your transactions, particularly for business accounts, to verify any flagged activity.
  • Know your transfer partners: Only transfer funds to verified recipients, and ensure their locations are reputable. You should check the lists of Sanctioned designated Individuals and Entities from the Money Authority of Singapore for information.

How can we help you open a multi-currency account in Singapore?

As a recognized partner of Singaporean banks, our expertise lies in simplifying the process and increading your chance opening Singapore bank accounts with success. We ensure a smooth, prompt, and thorough experience for our clients, prioritizing professionalism throughout the entire procedure.

  • Recommend the right bank and the right bank account for your need
  • Support you in opening a reliable, trusted digital bank account or traditional bank account;
  • Prepare necessary documents for account opening;
  • Schedule an appointment with a Singapore bank representative;
  • Monitor and assist in opening personal bank accounts (physical and digital) for clients in Singapore.

Global Link Asia Consulting, as your trusted one-stop corporate service provider helping hundreds of business owners start their businesses overseas and manage their companies with success, can help you

FAQs about multi currency accounts in Singapore

What’s the best multi-currency account for individuals?

For personal use, you can use Standard Chartered Bonus$aver Multi-Currency account, HSBC everydayglobal account or Wise account for an affordable, accessible options with strong digital features.

With over a decade of experience serving as a trusted partner to more than 750 business owners seeking professional development and breakthroughs in the international market, we are an  expert strategic corporate service provider helping you incorporate and operate successfully in 10 different countries

Our areas of expertise include:

With over 10 years of experience and a team of experts with 5 to 25 years of experience (international standard certifications) as well as direct partnerships with institutions such as OCBC, UOB, DBS, PayPal, and Stripe, we are proud to offer professional, legal, transparent, sustainable services with no hidden costs.

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Customers
+10 years
Cross-disciplinary experience
Top 10
Leading Asian Brand
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  • Country: Singapore
  • Services: Tax - Accounting
  • Rating Count: 32
  • Rating Value: 5

Record keeping is a foundational element of running a successful business in Singapore.

Beyond ensuring compliance with ACRA and IRAS, proper record-keeping helps businesses maintain transparency, manage financial health, and prepare for potential audits. 

This guide provides an in-depth overview of record-keeping requirements, best practices, challenges, and more.

What is proper record keeping in Singapore?

In Singapore, recordkeeping means storing all documents and information related to a company’s financial activities and transactions. 

According to IRAS, this includes maintaining accounting ledgers, journals, and schedules that show the company’s income, expenses, assets, liabilities, profits, and losses. 

Additionally, businesses must keep source documents, like receipts, invoices, bank statements, and any other paperwork related to sales and purchases. These records prove the accuracy of financial information and help with tax reporting, compliance checks, and audits.

For companies registered for GST, extra documents are required, such as tax invoices and records for the sale or disposal of business goods, as they are needed for GST reporting.

Why do businesses keep records in Singapore?

Keeping accurate records is not only recommended but mandated under the Companies Act and Income Tax Act in Singapore.

Without organized and up-to-date records, companies face numerous risks, including:

  • Legal and financial penalties: Singapore law imposes fines for non-compliance with record-keeping requirements. Failure to produce accurate records can lead to investigations or increased tax liabilities.
  • Operational inefficiencies: Poor record-keeping can hinder decision-making, making it difficult to assess the company’s financial status or forecast cash flow accurately.
  • Reputational damage: If non-compliance becomes public knowledge, it can harm client trust and discourage future partnerships.

In addition to these risks, Singapore companies may face potential audits by ACRA or IRAS. 

Well-organized and complete records make it easier to provide necessary documentation during an audit, reducing stress and ensuring a smoother audit process.

Must-know Singapore record-keeping requirements

How long to keep accounting, and tax records for the Singapore company?

The Singapore Companies Act stipulates that businesses must retain records for a minimum of five years from the end of the relevant assessment year. 

This duration ensures that all necessary documentation is available for audits or inquiries by tax authorities.

For example, a trading company in Singapore's financial year ends in November. For the company’s financial year of 2023, it must keep all of its required records until at least 31 November 2028.

Where to keep the Singapore company records? 

According to ACRA and IRAS guidelines, Singapore companies can maintain business records in 2 ways.

  1. At the company registered office or at a place deemed suitable by the company’s directors or;
  2. On cloud storage with robust security. 

The stored document must be legal, and accurate. These business records must be available for inspection at all times in the required period.

What business records must the Singapore company maintain?

According to IRAS guidelines on Records That Your Company Must Keep, businesses are required to keep accurate records of all transactions. This includes:

  1. Accounting ledgers, journals, and schedules: These should reflect the company’s financial details, such as income, expenses, assets, liabilities, profits, and losses.
  2. Source documents: These are essential records of each transaction, including receipts, invoices, bank statements, vouchers, and other documents provided to or received from customers.
  3. Additional transaction evidence: Any other documentation that verifies business transactions must also be maintained such as contracts.

Important note

The type of records to be kept can vary based on the company's GST registration status. 

For example, GST-registered businesses must keep tax invoices for revenue transactions and records of business asset disposal, which are not required for companies not registered for GST.

Here is a checklist from IRAS listing all the records your company must keep depending on the company's GST status.In total, there are 30 types of records your company must maintain. 

Summary of documents for record-keeping requirement
Type of records Documents GST-registered company Not-GST registered company

Income records 

(Records of each sale
transaction)

Record of goods taken for private usage Required Required
Credit notes for goods returned Required Required
Export-related documents Required Required
Serially numbered receipts issued or invoices issued Required Required
Tax invoice issued Required Not required
Evidence of payment received (i.e. bank statement) Required Not required
Business expense records
(Records of each
business expense
transaction)
Receipt received or invoice received Required Required
Receipt received or invoice received Required Required
Evidence of payment (i.e. bank statement) Required Not required
Employer’s CPF contributions Required Required
Staff remuneration payment vouchers Required Required
Payment to individuals or companies for rendered services and related contracts Required Required
Purchase records
(Records of each
purchase transaction)
Receive invoices, receipts, or tax invoices Required Required
Import-related documents Required Not required
Evidence of payment (i.e. bank statement) Required Not required
Other records for GST purposes Business goods used for non-business purposes Required Not required
Disposals of business goods, whether or not for a consideration Required Not required
Removal of goods from customs-licensed warehouse Required Not required
Bank statement Separate statements for personal and business purposes Required Not required, but recommended
Accounting records and schedules Stocklist Required Required
Book of sales record or listing Required Required
Purchase listing or purchase record book Required Required
General ledgers Required Required
Balance sheet, profit and loss statement Required Required
GST account summary of input & output tax (including tourist GST refunds) Required Not required
GST account summary of input & output tax (including tourist GST refunds) Required Required
Records of travelling expenses Required Required
Records of entertainment expenses Required Required
Records of capital allowances Required Required
Fixed asset schedules Required Required

Note: The requirement records are mandatory for tax purposes. The recommended records such as bank statements should be kept as good practices. These records should be available upon request by the tax authorities when needed.

Best tips for effective record-keeping for small business

Maintaining an effective, simple record-keeping system helps for small and medium businesses reduce compliance risks, improves accuracy, and ensures that records are readily available if needed.

Choose a consistent record keeping system

Choose a method for categorizing and storing documents, whether physical or digital. Label folders clearly and group documents by type, date, or purpose. 

Examples of record-keeping systems

  • Alphabetical or Chronological Organization: Helps to quickly locate documents and check if any records are missing. For example A, B, C, D, E, in alphabetical order or format Month/Year for chronological order.|

Example of keeping records in chronological order and alphabetical order
  • Segregation by Type: Create separate folders for financial, operational, and statutory records, as well as tax-related documents.

Example of keeping records by type

Leverage the best record-keeping software

The shift toward digital records offers security, convenience, and ease of access. Accounting software like QuickBooks, Xero, and Zoho Books can help automate tracking, categorization, and storage with these 2 benefits:

  • Cloud storage: Store records in cloud platforms with security protocols and encryption for sensitive information. 
  • Automated tracking: Many accounting tools offer real-time tracking, expense categorization, and document storage, helping to streamline monthly reconciliation.

In addition, to cloud storage systems, small and medium businesses can opt for Google Drive or OneDrive to use.  To optimize the fee, you can choose to use a physical disk of around 5-10 TB to keep digital documents in a safe place.

Security measures

Securing records is essential to protect sensitive information. 2 tips below is recommended for extra protection

  • Access Control: Restrict access to sensitive documents to authorized personnel only.
  • Regular Backups: To avoid data loss, schedule regular backups and keep copies of critical records in secure, secondary locations.

Penalties for not following record-keeping requirements

Non-compliance with record-keeping regulations is a serious issue for businesses in Singapore, and it can have significant consequences. Your business records may be considered improperly kept if:

  1. Records are not maintained: If you fail to keep your accounting and related documents up to date, this is considered improper record keeping.
  2. Records are not kept for the required time: Businesses must retain accounting records for a minimum of five years. 
  3. Records are not organized properly: If your accounting records are disorganized or stored inappropriately, they may be deemed improperly kept.

If your business does not maintain adequate records, both the company and its officers could face serious penalties, including a jail term of up to 12 months or a fine of up to $5,000, along with a default penalty under the Companies Act.

Additionally, improper record-keeping is considered an income tax offense. This could result in IRAS rejecting your company’s claims for capital allowances and expenses. Under the Income Tax Act, those found guilty of poor record keeping could face up to six months in jail or a fine of up to $1,000 if they fail to make required payments.

How can Global Link Asia Consulting help you maintain proper records?

No matter what stage you are, a startup, a running business or a company wanting to expand overseas, Global Link Asia Consulting can help you on your mission.

We can help you:

Register a company in Singapore;

  • Open a corporate bank account in Singapore with a 99% success rate;
  • Appoint a reliable nominee director and an experienced secretary;
  • Choose the right company types for tax optimization in Singapore;
  • Apply for Singapore business licenses;
  • Get an affordable, professional registered office address for business;
  • Support to open, authenticate, and manage Stripe Paypal Business in Singapore, Hong Kong, and the U.S;
  • Handle all your tax accounting needs, timely annual filings, auditing, and more.

FAQs about record keeping for Singapore company

How long to keep personal tax records?

Keeping personal tax records for or at least five years. This allows income and business expenses to be easily verified if needed.

What records must I keep to comply with Singapore tax regulations?

To meet tax regulations, keep records of income, expenses, deductions, and financial statements that support any data reported to IRAS. These records help ensure transparency and accuracy in tax filings.

What records must I keep to comply with Singapore tax regulations?
Can I store business records digitally?

Yes, digital records are generally accepted as long as they are easily accessible, legible, and meet security standards. However, some statutory documents may still need to be kept as physical copies.

How often should I update my records?

Real-time updates are ideal. If that’s not possible, update records monthly, weekly to ensure they reflect the latest financial and operational activities.

What are the penalties for non-compliance in record keeping?
 

Penalties vary based on the infraction. Companies may face fines from ACRA or IRAS and, in severe cases, legal action if discrepancies or missing records are identified.

What are the best tools for digital record keeping in Singapore?
 

Popular tools include QuickBooks, Xero, and Zoho Books, which streamline financial tracking, automate reports, and provide secure storage options to simplify compliance.

We offer a comprehensive range of accounting and tax services for Singaporean companies. Our services include:

  • Tax Consulting including corporate income tax, GST tax, contractor tax, and more.
  • Monthly/Annual Tax Accounting services in accordance with Singapore accounting standards (SFRS).
  • QuickBooks Consulting and Licensing.
  • Corporate Income Tax Return Preparation
  • GST Tax Return Preparation.

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+700
Customers
+10 years
Cross-disciplinary experience
Top 10
Leading Asian Brand


  • Country: Hong Kong
  • Services: DUNS registration
  • Rating Count: 21
  • Rating Value: 4.8

A DUNS number can be a big asset if you're running a business in Hong Kong and want to work with international clients, suppliers, or partners. 

This unique business ID, issued by Dun & Bradstreet (D&B), helps companies worldwide verify that your business is legitimate.

In this guide, we’ll cover how to register a DUNS number for a Hong Kong company, which industries and activities you need a DUNS number for, and the benefits of having an ESG-registered certificate along with your DUNS number in this day and age.

Which industries and activities do you need a DUNS number for?

A DUNS number (Data Universal Numbering System) is a nine-digit ID identifying your business. It is like a business “fingerprint” that’s recognized worldwide. That is why, some industries and activities a company engages in must have a DUNS number for verification.

Financial services

Banks, insurance companies, and investment firms in Hong Kong use DUNS numbers to verify other companies before working with them, ensuring financial security and compliance.

In addition, some activities your company engages in need a DUNS number most are

How to register a DUNS Number for your Hong Kong company

For foreign companies registering a company in Hong Kong, getting a DUNS number can be challenging. That is why, we offer quick, cost-effective registration services with this step-by-step process.

Step 1: Receive the request

Businesses needing a DUNS number to verify their Google Ads account can contact Global-Link Asia Consulting. Our team of experts will assess the business’s needs and model to recommend the most suitable DUNS service package.

How can Global Link Asia Consulting help you get a DUNS number

If your business needs to register a DUNS number for your Hong Kong company. 

Global Link Asia Consulting is here to help. Contact us today for a consultation, and let us handle the complexities while you focus on growing your business. With over 10 years of experience and a proven track record, we offer:

  • Fast DUNS registration: We can secure your DUNS number in 3 to 5 business days.
  • Tailored solutions: Our services are customized to meet the unique needs of your business, whether you operate in Vietnam, Singapore, the U.S., or other regions.
  • End-to-end support: From the initial consultation to the final registration, we guide you every step of the way.

FAQs about DUNS number for Hong Kong company

Is a DUNS number mandatory for my Hong Kong company?

While a DUNS number is not legally required for most Hong Kong companies, it is often necessary if you want to engage in international trade, bid on certain government contracts, or do business with larger corporations or for verification purposes with Apple, Google, TikTok, etc.

We offer comprehensive DUNS registration packages for every countries including Singapore, the USA, Hong Kong, Seychelles, BVI, Belize, Vietnam, and more. Our package includes:

  • Consulting on Suitable DUNS service packages.
  • DUNS registration for Apple Developer Account.
  • DUNS registration for Google Ads account verification.
  • DUNS registration for Apple Business Manager.
  • DUNS registration for Logistics Business.
  • DUNS registration for TikTokShop, E-commerce.

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  • Services: DUNS registration
  • Rating Count: 145
  • Rating Value: 4.8

Google is updating its algorithms using AI, requiring advertisers to follow new policies. To keep your Google Ads account active, businesses must re-verify if ads are paused or accounts are suspended. 

A DUNS number is required for successful verification. 

In this article, you will discover how to get a DUNS number and complete the Google Ads verification process smoothly. 

What is the Google Ads Advertiser Verification Program?

The Google Ads Advertiser Verification Program is a process that verifies the identity of advertisers and the business operations.

Advertisers must provide details about their business and owner to comply with Google’s requirements and policies. This process helps maintain a trusted and secure advertising environment on the platform.

Why is it necessary to verify a Google Ads business account?

Verifying a Google Ads business account is crucial for running effective ad campaigns and avoiding penalties from Google. 

Without verification, your account may face suspension, inability to run ads, disruptions to your business, or even loss of ad spend.

Business account suspension due to suspected policy violations

Google has recently announced the suspension of ad accounts suspected of policy violations. After receiving the notice, businesses are REQUIRED to verify their Google Ads account by October 10, 2023 to continue running their ad campaigns. 

Case by case, Google will send an email to notify advertisers suspected of policy violations to further verify their account in the future.

Verifying business information enhances credibility with customers and partners.

Under Google's new policy, advertising account information will be displayed to ensure transparency of businesses running ads. This includes:

  • History of advertiser name changes;
  • Advertisements;
  • Time and location of ad distribution;
  • Ads removed or accounts suspended due to legal or policy reasons;
  • Business contact information.

Therefore, verifying your Google Ads account not only helps build credibility with customers and partners but also confirms that your business has been authenticated and approved by Google.

How to verify a Google Ads Business Account using a DUNS Number

The verification process for a Google Ads business account varies depending on the account structure, payment information, and whether the business is advertising on behalf of an organization or an individual. 

Google Ads Advertiser Verification Program includes:

Providing business information

The Google Ads Advertiser Verification Program requires advertisers to provide business details in the "About your business" section. You’ll need to answer questions such as:

  • Is the business an advertising agency?
  • Who pays for the business's advertisements?
  • Is the business advertising its own products/services, or running ads for another individual/organization?
  • What is the industry of the business's products/services?

Note: Google will send an email to start the verification process. You must respond within 30 days, or your account may be temporarily suspended.

How to register a DUNS number for Google Ads Verification

To complete Google Ads verification, businesses need a DUNS number. For companies established abroad, obtaining a foreign DUNS number (such as from Singapore, the U.S., or Hong Kong) can be challenging. 

We offer quick, cost-effective registration services with this step-by-step process:

Step 1: Receive the request

Businesses needing a DUNS number to verify their Google Ads account can contact Global Link Asia Consulting.

Our team of experts will assess the business’s needs and model to recommend the most suitable DUNS service package.

Step 2: Select the right package

We provide tailored advice on the most appropriate DUNS service package based on the business's needs and objectives.

With extensive experience in successfully registering DUNS numbers for diverse industries (such as gaming, software development, technology, advertising, tourism, etc.), our experts offer the right service with no hidden fee. You only pay for what you truly need.

Step 3: Prepare necessary documents

We will work with D&B on behalf of businesses to handle the application process.

Global Link Asia Consulting will verify the business information with Dun & Bradstreet (D&B) to facilitate the issuance of the DUNS number.

Step 4: Receive the DUNS Number

Upon successful registration, we will deliver the DUNS number and related information to the business for quick and efficient Google Ads account verification.

How can we help you register a DUNS number for Google Ads verification?

With experience in successfully helping businesses obtain D-U-N-S numbers for Apple Developer, Google Developer accounts, and various business purposes, Global Link Asia Consulting can help:

  • Consult and assist in selecting the most suitable D-U-N-S registration package;
  • Advise and prepare the necessary documents for D-U-N-S number registration;
  • Support in registering Google Developer accounts, verifying Google Ads accounts, Apple Developer, and Apple Business Manager from the start.

FAQs about DUNS registration and Google Ads verification

Is it mandatory for businesses to register a DUNS number to verify their Google Ads account?

Yes, businesses must register a DUNS number as it is one of the essential details required for successful Google Ads account verification.

We offer comprehensive DUNS registration packages for every countries including Singapore, the USA, Hong Kong, Seychelles, BVI, Belize, Vietnam, and more. Our package includes:

  • Consulting on Suitable DUNS service packages.
  • DUNS registration for Apple Developer Account.
  • DUNS registration for Google Ads account verification.
  • DUNS registration for Apple Business Manager.
  • DUNS registration for Logistics Business.
  • DUNS registration for TikTokShop, E-commerce.

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Customers
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  • Services: Register for ESG
  • Rating Count: 13
  • Rating Value: 5

Investors and consumers increasingly prioritize companies that meet environmental, social, and governance (ESG) criteria.

If you're a business that wants to prove its ESG commitments, you'll need a robust and globally recognized system to report this data transparently. One crucial tool for this is the D&B ESG Registered TM.

In this blog, you will learn how an ESG badge from D&B can benefit your business and the step-by-step process of registering one for ESG reporting.

What is ESG?

ESG stands for Environmental, Social, and Governance, three key criteria used to measure the sustainability and societal impact of a business.

ESG reporting allows businesses to track and disclose how well they manage climate change, labor practices, corporate governance, etc.

Investors and consumers use ESG data to determine whether companies in various industries are socially responsible, environmentally conscious, and governed transparently and ethically.

D&B ESG Registered™ and Its Importance

What is D&B ESG Registered™?

The D&B ESG Registered™ is a certification from Dun & Bradstreet that allows businesses to showcase their ESG performance through verified data. It shows all your company's ESG efforts and ranking compared to the industry standard.

Why do you need a D&B ESG-registered TM?

Validating ESG efforts against recognized sustainability standards isn’t always simple. Many companies struggle to showcase their ESG goals and stand out to potential partners. Having a clear, credible ESG advantage is key to gaining market visibility.

The quicker you can provide concrete proof of your ESG initiatives, the faster you unlock endless possibilities—funding, trading, collaborations, and more.  

That is why, obtaining an ESG certificate from a trusted, reliable third party such as Dun & Bradstreet is crucial for today’s businesses.

D&B ESG Registered™ offers the tools to:

  • Approve that your company’s ESG data is transparent, consistent, and credible;
  • Facilitates compliance with global sustainability frameworks such as GRI, SASB, CDP, and more;
  • Get acknowledged for your ESG efforts;
  • Strengthen trust with international stakeholders;
  • Appeal to prospects worldwide;
  • Expand business opportunities.

How does D&B ESG Registered™ differ from other ESG certifications?

D&B ESG Registered™ specifically ties your business's sustainability efforts with D&B’s vast business information database, linking your company’s financial performance with its ESG metrics. 

In this way, the D&B ESG Registered™ certificate holds more value than other ESG certifications as the data for valuation is enormous and is verified by an authoritative, global provider of business data and analytics.

The D&B data is gathered from millions of sources

Financial Filings

  • Sanctions & Blacklists
  • Dun & Bradstreet Data
  • News Media
  • Regulatory Agencies
  • Excluded Parties Lists
  • Financial Enforcement Agencies
  • NGO Databases
  • Certifications

In addition, its ESG certification is built upon top standards such as CDP, GRI, SASB, TCFD, UN PRI, and UN SDGS.

Step-by-step guide: How to register for D&B ESG Registered™

Step 1: Determine eligibility

Not all companies may be immediately ready to apply for D&B ESG Registered™. To be eligible, your company must:

  • Have some degree of ESG data already collected;
  • Be actively engaging in sustainability initiatives;
  • Meet basic compliance standards set by ESG frameworks (e.g., GRI, SASB).

If your company is just starting with ESG reporting, Global Link Asia Consulting offers insights and consultation to help you build your ESG profile.

How can Global Link Asia Consulting help you obtain a D&B ESG Registered™ Certification?

Our team can guide you through every step of the D&B ESG Registered™ process, ensuring a smooth and efficient registration. 

We can help you

  • Consult on the right direction and preparation you can do to enhance your ESG performance;
  • Gather and organize the necessary ESG data, ensuring it meets the standards required for D&B certification;
  • Completing the D&B ESG Registered™ application, reducing the risk of errors and delays;
  • Guide you through D&B’s verification process, helping you submit accurate documentation and supporting data;
  • Monitor ESG performance and make changes with D&B where relevant;

Let us help you achieve your D&B ESG Registered™ certification and elevate your company’s ESG credibility today.

Common FAQs about the D&B ESG Registered™ Certification

How long does it take to get D&B ESG Registered™?

The process typically takes 3-4 weeks, or longer depending on the complexity of your ESG data and how quickly you can provide the necessary documentation.

We offer comprehensive DUNS registration packages for every countries including Singapore, the USA, Hong Kong, Seychelles, BVI, Belize, Vietnam, and more. Our package includes:

  • Consulting on Suitable DUNS service packages.
  • DUNS registration for Apple Developer Account.
  • DUNS registration for Google Ads account verification.
  • DUNS registration for Apple Business Manager.
  • DUNS registration for Logistics Business.
  • DUNS registration for TikTokShop, E-commerce.

5.0 / 5.0 Reviews

+700
Customers
+10 years
Cross-disciplinary experience
Top 10
Leading Asian Brand