SW Singapore

SW International 2024 Partners Conference in Guangzhou, China

Sharon Loo — Wed, 23 Oct 2024 08:56:50 +0000

United under the theme of “Smart Synergies: Building a Shared Future”, SW International ran its energetic and forward looking international partners conference from 26 to 28 September 2024, hosted by SW China in Guangzhou and attended by over 200 SW partners and guests from around the world.

Ms. Li Xiaoying, SW China’s Chairperson, opened the event by welcoming delegates to Guangzhou, a city renowned for its role in global commerce. She stated: “The AI Plus model is upgrading and creating immense value for the profession. What used to be impossible is now a reality and what once was a barrier has now turned into a bridge. As AI and digital technologies take a leap forward, our profession must evolve alongside them.” She further stressed that embracing innovation and digital transformation is essential for SW International to continue providing exceptional services and building a shared, sustainable future.

Mr. Zhang Ke, SW International’s Chairman, delivered a keynote speech on the importance of leveraging new technologies and collaborative strategies to drive global growth. He shared the challenges posed by global instability and the rapid pace of technological change and then prompted the importance of adaptability. He commented “Considering the domestic and international macro-economic contexts, SW International has to adopt an active and forward-thinking approach towards enhancing digital capabilities and growing non-audit services. With a core focus on China, we intend to improve efficiency and foster collaboration among member firms through the incorporation of new software and digital tools, in order to bolster our global competitiveness and brand influence.”

Mr. Marco Carlei, SW International’s Managing Director, provided insights into SW International’s global expansion, sharing the membership criteria for selecting member firms, the key areas for future development and the international secondment program. He stated: “By prioritising key regions such as Asia Pacific, Africa, Middle East and Europe, SW strives to be a truly international professional service provider, helping our stakeholders to unlock transnational opportunities.”

The event also featured high-profile guest speakers, including John Jiang, Corporate Vice President of China Power International Holding Limited (SPIC), and Prof. Simon S.M. Ho, President of The Hang Seng University of Hong Kong, who offered their insights on innovation, technology, and economic recovery.

Mr. John Jiang talked about the future prospects of foreign direct investments by Chinese enterprises in overseas clean energy markets.

Prof. Simon S.M. Ho delivered a speech on “China Economic Outlook and New Quality Productive Forces”.

Additionally, the conference addressed key themes such as brand and marketing, international affairs, digital transformation and joint initiatives and development opportunities with US Firms.

The conference encompassed a highly anticipated session on “Talent Management and Leadership Development”, with invited SW partners across the network sharing their experiences in fostering leadership qualities and managing talents effectively in their regions.

There was also a panel discussion on “Business Development Exchanges”, with the panellists providing their experiences and perspectives on driving business development in their respective regions, as well as discussing the opportunities and challenges encountered in cross-border collaborations.

The conference concluded with the majority of the attending partners voting for Sydney, Australia as the host city for the 2025 International Partners Conference, followed by breakout sessions.

Chairman Zhang’s remarks set the stage for next year: “The future belongs to those who can imagine it, visualise it and accomplish it. This is what SW can do! We look forward to gathering in Sydney, Australia next year!”

The post SW International 2024 Partners Conference in Guangzhou, China appeared first on SW Singapore.

Outsource Services

mengjia — Mon, 28 Aug 2023 08:03:09 +0000

Empower Your Business with Expert Financial Guidance

In the fast-paced world of business, having a skilled finance professional is vital to your company’s success. They serve as the backbone of financial stability, overseeing critical aspects such as cash flow, debt management, and financial decision-making. At SW Singapore, we understand the significance of robust financial management and offer you the perfect solution – outsourced CFO/Controller/Finance Manager services.

Why Partner with SW Singapore

Access to Dedicated Financial Experts: When you choose SW Singapore, you gain access to a team of dedicated financial experts who excel in their field. Our professionals bring a wealth of experience and industry knowledge to the table, allowing you to tap into a vast pool of expertise without the commitment of a full-time employee. With their support, you can rest assured that your finances are diligently monitored, accurate reports are prepared, and opportunities for growth and cost savings are identified.

Tailored Services for Your Needs: We understand that every business is unique, and that’s why we offer flexible services tailored to suit your specific needs. Whether you require periodic financial analysis, comprehensive financial strategy development, or targeted cost control initiatives, we have the expertise to meet your evolving requirements. Our team will work closely with you to understand your business goals and devise a customized financial management plan that aligns with your vision.

Scalable Solutions without Overhead Costs: One of the greatest advantages of outsourcing your finance management to SW Singapore is the flexibility it offers. As your business evolves, so do your financial requirements. With our services, you can scale your financial operations without the constraints of fixed overhead costs. This means you can enjoy the benefits of expert financial guidance without the burden of hiring additional full-time staff.

Strategic Planning for Long-Term Success: We believe that strategic planning is paramount to your business’s success. Our team will assist you in creating a comprehensive strategic plan that outlines your business’s purpose, budgets, goals, and mission statement. We’ll work with you to evaluate your progress regularly, ensuring that your results align with your strategic plan. This ongoing assessment allows us to make adjustments and fine-tune your financial management strategies, ensuring that your business stays on track towards achieving its goals.

Partner with SW Singapore Today!

Don’t let financial management be a roadblock to your business’s growth and success. Partner with SW Singapore and gain the expertise of seasoned professionals dedicated to optimizing your financial operations. Contact us today to schedule a consultation and discover how our outsourced CFO/Controller/Finance Manager services can transform your business. Together, we’ll pave the way for financial stability and strategic growth.

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SW International Partners Conference 2023 in Jakarta, Indonesia

mengjia — Sat, 27 May 2023 03:12:56 +0000

SW International held its International Partners Conference 2023, hosted by SW Indonesia, in Jakarta, Indonesia, from 23 to 25 May 2023. The conference brought together over 130 SW partners across the world.

This year’s theme, “Sustainable Quality Growth in a Challenging World”, aimed to provide delegates with opportunities to understand the changes taking place in the global market, and identify new opportunities globally through improved collaboration and communication among member firms.

Mr. Michell Suharli, CEO of SW Indonesia, expressed his warm welcome to all the partners who participated in the conference and highlighted the growth potential for SW Indonesia. “We are honored to host this year’s International Partners Conference in Jakarta and provide our Partners with one of the most thrilling experience to explore the beauty and uniqueness of Indonesia. This conference created a platform for us to shed light on varied topics including global network, geopolitical future and digital innovation. Formulating a strategic response is essential for a successful global network. We take pride on maximizing our capacity and offering a complete range of services. As we stress on collaboration within our expanding network and catalyst for accelerating transnational success, SW Indonesia works closely with all global partners to leverage our knowledge and expertise to create value for clients and make contribution to the network.”

Mr. Zhang Ke, Chairman of SW International, said, “Despite three years of the COVID pandemic, SW International has continued to evolve. Our network is increasingly recognized as a strong and well-managed organization with positive growth prospects. As we navigate through the changes, developments and trends in the international accounting industry, we remain our commitment to strengthen multi-disciplinary capabilities through diversifying services and enhancing international collaboration. In the next two years, we target to increase the number of member firms considerably and empower our member firms to improve quality and management, especially under the technological wave. Together, we are expanding growing influence in the world and creating a stronger professional services brand, which is built upon our connected dream and spirit of cooperation.”

Mr. Marco Carlei, Managing Director of SW International, added, “At SW International, we focus on key strategic initiatives to build a strong and diverse global network of member firms. We are keen to welcome new member firms that align our goals and purpose, demonstrating strong leadership, a clear and effective strategy, a significant scale of operations and resources, global capabilities and a deep cultural understanding in the local market. This conference has brought up an excellent opportunity and vision for all of us to further discuss international referrals and secondment, strategic support and business development, allowing us to further achieve a higher global market presence for SW.”

The conference featured other prominent guest speakers who offered insights and advice on critical issues and development trends.

General (Ret) Moeldoko, Ph.D, Presidential Chief of Staff, previously serving as Commander of the Indonesian National Armed Forces delivering a presentation on geopolitical future

Prof. Dr. Ir. Richardus Eko Indrajit, M.Sc., M.B.A., M.Phil., M.A., Rector Universitas Pradita and expert in Information Technology, Digital Innovation and Informatics Research delivering a presentation on digital innovation – macro view

Mr. Bing Li, Head of Asia Pacific of Bloomberg delivering a presentation on future economic outlook

4 new member firms, including Chile, Turkey, Saudi Arabic and Spain gave an introduction about their firms and deliberated on the strengths and opportunities of the regional markets.

The conference program included panel discussions and breakout sessions on specific topics such as future services across ESG, technologies and wealth management, international collaboration and referrals, audit quality control policy, taxation for multinational companies, consulting services, management strategies, etc.

This conference was designed to further strengthen relationships among member firms and develop the future through sustainability, quality, innovation and collaboration. Overall, the SW International Partners Conference 2023 was a resounding success, enabling our partners to come together to develop strategies to navigate the ever-changing global market.

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新加坡家族办公室税收优惠的最新情况

mengjia — Wed, 19 Oct 2022 03:47:22 +0000

根据新加坡贸易和工业部长、文化社区及青年部长、金融管理局董事会成员陈圣辉先生近期的报告显示，新加坡政府正在鼓励家族办公室投资本地公司。

这对新加坡家族办公室来说意味着什么？

近年来，新加坡已逐渐成为高净值家庭管理财富的理想地，在这里设立的家族办公室越来越多。新加坡的法律和税收环境、稳定的政治环境以及有利的商业环境，使其成为了高净值人士财富管理的中心。

2022年4月11日，新加坡金融管理局更新了一套新准则的条件和程序要求。新规鼓励成立更多的家族办公室，同时本地公司亦受惠于该计划。

以下是新准则的一些摘要:

要求	《新加坡所得税法》第13O条（原为第13R条）	《新加坡所得税法》第13U条（原为第13X条）
资格	强化型基金税收优惠计划，或《新加坡所得税法》第13O条，豁免新加坡家族办公室在每个计税基期的所得税。	强化型基金税收优惠计划，或《新加坡所得税法》第13U条，豁免由新加坡家族办公室管理的基金产生的所得税。
基金资产管理规模	a) 最低资产管理规模为 1000万新币 b) 承诺在 2年的宽限期内将其资产管理规模增加至 2000万新币	最低资产管理规模为 5000万新币
投资专业人员	至少聘用2名投资专业人员，如果在申请时无法做到，将会被给予1年的宽限期去聘用第二位投资专业人员。	至少聘用3名投资专业人员，其中至少一位投资专业人员是非家族成员，如果在申请时无法聘用到非家族成员作为其投资专业人员，将会被给予1年的宽限期去完成该聘用。
年度业务开支	a) 若基金资产管理规模小于5000万新币，年度业务开支需达到 20万新币； b) 若基金资产管理规模在5000万到1亿新币之间，年度业务开支需达到 50万新币； c) 若基金资产管理规模大于1亿新币，年度业务开支需达到 100万新币。

信永中和提供单一家族办公室的服务，即仅为一个家族或代表一个家族管理资产，由同一家族的成员完全拥有或控制。点击查看我们的服务范围，联系我们了解更多细节。

郭达仲
私人财富服务部门经理
tattchong@swgroup.sg
+65 9323 8281

回到出版刊物

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Updates on Singapore Family Offices Tax Incentives

mengjia — Wed, 19 Oct 2022 01:00:06 +0000

With the recent statements made by Mr. Alvin Tan, Minister of State, Ministry of Trade and Industry and Minister of Culture, Community and Youth, and Board member of MAS, the Singapore government is now encouraging family offices to make investments in local companies.

What does this mean for Singaporean Family Offices?

Singapore has earned a reputation as a desirable destination for high net-worth families (HNWIs) and there has been an increase in the number of Family Offices established to manage the affairs of these high net-worth families in recent years. Singapore’s legal and tax landscape, its political stability and conducive pro-business environment have contributed to its attractiveness as a wealth management hub for HNWIs.

On 11 April 2022, the Monetary Authority of Singapore (MAS) has updated the conditions and procedural requirements for a new set of guidelines. With the new regulations, these encourage more families offices to be established and at the same time local companies will benefit greatly from such scheme.

Some of the new guidelines are summarised below:

Requirements	Section 13O (formerly Section 13R) of the Act	Section 13U (formerly Section 13X) of the Act
Eligibility	The Enhanced-Tier Fund Tax Incentive Scheme, or Section 13O of the Act, exempts from Tax the income earned throughout each basis period in any year by a family office in Singapore.	The Enhanced-Tier Fund Tax Exemption Scheme, or Section 13U of the Act, exempts from tax the income arising from funds managed by a Singapore-based family office.
Minimum Fund Size (AUM)	a) Minimum fund size of S$10 million at the point of application b) The fund commits to increasing its AUM to S$20 million within a 2-year grace period	Minimum S$50 million at the point of application
Minimum Number of Investment Professionals	At least two investment professionalsemployed at the point of application, and will be given a one-year grace period to employ the second investment professional if it fails to do so by the point of application	At least three investment professionals employed at the point of application, with at least one investment professional being a nonfamily member, and will be given a one- year grace period to employ one nonfamily member as an investment professional if they are unable to do so by the point of application
Minimum Annual Business Spending	a) S$200,000 annual business spending if the Fund’s AUM is less than S$50 million; b) S$500,000 annual business spending if the Fund’s AUM range is between S$50 million and S$100 million; or c) S$1 million annual business spending if the Fund’s AUM is at least S$100 million

SW Wealth Services offers Single Family Office (SFO) which manages assets for or on behalf of only one family and is wholly owned or controlled by members of the same family. Read here for our services covered or you can talk to us for more details.

Koay Tatt Chong
Head of Private Wealth Services
tattchong@swgroup.sg
+65 9323 8281

Back to Resources & Publications

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SW Singapore Launches its Newly Revamped Website

swgroup — Mon, 03 Oct 2022 01:00:44 +0000

Singapore, 3 October 2022 – SW Singapore, a fast-expanding professional advisory firm under the group companies of SW International, launches its newly revamped website at https://www.swgroup.sg.

SW International refreshed its brand in November 2021 and the new website of SW Singapore (formerly ShineWing Singapore) is in line with the site of SW International. This new website demonstrates our renewed ambition to become a key player in the accounting and business advisory sector.
The user interface has been completely refreshed to enable website visitors to effortlessly browse and navigate through our comprehensive and expanding suite of services – audit and assurance, tax, accounting and business consultancy, wealth management as well as recruitment services. The new navigation structure provides comprehensive menus to allow easier navigation to different types of information on the website.

“Through the launch of the SW Singapore website, we have sought to understand the evolving needs of our clients. Providing our clients with a better way to access information, the new website aims to bring a new level of user-experience. Our aim is to create awareness of SW Singapore as a member firm under the SW International network as well as our expanded service offerings to clients globally. Available both in English and Chinese, our Chinese speaking audience can easily access our website and contact us. We are committed to providing outstanding services to help our clients in every industry to succeed in today’s fast-changing business landscape.” said Kent Lim, Managing Partner of SW Singapore.

For any questions or feedbacks, please e-mail us at admin@shinewing.sg

About SW Singapore
SW Singapore LLP (formerly ShineWing Singapore LLP) is an overseas branch of SW International and was established in July 2007. We provide a diverse spectrum of audit and assurance, business advisory and tax consulting services. At the same time, we act as the frontline representative of SW Certified Public Accountants in pursuing international business. We guide our clients through familiarisation of Singapore business entry and operations and work hand-in-hand with them. Also a member of the Praxity Alliance, our combined global footprint and connections span over 110 countries.
For more information, please visit SW Singapore website.

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The Annual International Partners Conference shined a spotlight on ShineWing’s new brand 25 Nov 2021

mengjia — Thu, 25 Nov 2021 07:35:46 +0000

SW held its 6th annual International Partners Conference on 9 and 10 November 2021, attended by over 200 partners from 16 countries and regions. The 2-day on-line conference featured the theme of “Transformation of cross-border collaborations in a post-pandemic world”, focusing on key strategic collaborations among member firms to seize new opportunities globally.

New look of SW

Our new SW brand was unveiled to the world during the conference, highlighting a major milestone in the rapid growth of SW’s global network while maintaining continuity in our history and strengths.
The rebrand is reflective of our current journey towards developing into a world-leading brand in professional services.

Transformation in the right time

Chairman Zhang Ke said, “The pandemic wreaked great havoc on the whole world, hindering the process of globalization. The growth of global economy has therefore stagnated. However, such will further accelerate the shift of the center of world economy to East Asia in the post-epidemic world. I believe China will continue to play a prominent role in the near future. This will indeed open up new markets and enable numerous transnational opportunities for the growth of SW.”

“As the global economic pattern and industry landscape are reshaped following the impacts and emerging challenges imposed by the pandemic, we have never stopped marching forwards in pursuit of extending our global presence and developing new businesses to drive continued success. With our deep experience and growing pool of expertise across the network, I believe the energy and resources we derive from our global network will help drive SW to grow and expand into new regions,” continued Chairman Zhang Ke.

Mr. Marco Carlei, Managing Director of SW International added, “Our strategy is to expand growth in Europe, Africa, Middle East, America and other parts of the world. We are a leading international professional services organization that has deep roots in Asia. We remain totally committed to offering quality and seamless services and creating benchmarks for the future.”

The Conference also featured leading SW professionals and experts who offered industry insights and professional advice on critical issues and development plans. We were delighted to have Mr. James Peterson, a Chicago based senior counsel with deep experience of the global accounting sector, to be our keynote guest speaker who delivered a presentation on “Globalizing China’s Accounting Profession: An American’s Perspective”. He felt optimistic about the globalization of the Chinese accounting profession, along with the significant progress in accounting practices in China.

Knowledge sharing to build a future with opportunities

Over the conference, there was a panel discussion on international co-operation and business referrals. A number of breakout sessions were held, covering different topics such as building a robust quality management framework, enhancing cross-border referrals and understanding opportunities in the China Greater Bay Area, etc.

Our new brand echoed our global vision and empowered our people through the conference, enabling us to develop rich knowledge of global service capabilities and our international development blueprint. All member firms join hands to enhance our exceptional client service and further solidify our position as a leading professional service provider in the world.

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