Success Solutions

Helping a Hong Kong-Based SaaS Startup Stay Tax Compliant in Singapore

A Hong Kong-based SaaS startup launched a Singapore entity to support its Southeast Asia expansion. Without a finance team on the ground, the founder tried to handle compliance personally — but soon realized Singapore’s tax filing and accounting requirements were too complex to juggle alone.

That’s when they partnered with Stars Bridge for expert tax and accounting support.

🧩 The Challenge

  • Unclear Tax Obligations

    The founder didn’t know when or how to file ECI, Form C-S, or GST returns, or what documents were needed.

  • Messy Financials

    They had 18 months of scattered reports and expenses, not in IRAS-compliant format.

  • Lack of Local Guidance

    Working with a non-specialized accounting firm in Hong Kong caused delays and mistakes.

🚀 How Stars Bridge Helped

  • Local Accounting Setup

    • Rebuilt and cleaned 18 months of financial reports
    • Migrated accounting into Accounting System with tailored SaaS metrics
    • Ensured all records followed IRAS standards

  • End-to-End Tax Filing

    • Filed ECI, Form C-S, and GST returns on time
    • Developed a clear compliance calendar with alerts
    • Offered tax advice on withholding tax, foreign income, and tech grants

  • Founder-Friendly Support

    • Assigned a responsive manager with 1-day turnaround
    • Shared visual reports for easy performance tracking

💡 Results at a Glance

  • ✅ 100% on-time tax filings since onboarding
    📁 18 months of cleanup completed in 3 weeks
    📊 Real-time Xero dashboard customized for SaaS metrics
    ⚖️ Avoided SGD $1,500+ in late penalties
    🧠 Founder now spends 90% less time on admin

“We needed a partner who understands both SaaS and Singapore tax. Stars Bridge was efficient, responsive, and proactive. They saved us from a compliance nightmare.”