Are you planning to setup a company in Singapore or make a company transfer? Then if that is your plan, then this page will tell you that you have just chosen the right choice.Singapore is considered to be as a top-class world city where one wants to live and work. The place is competitive and this is one place where setting up a business or company is easier. In addition to this, entrepreneurs and businessmen would favor this place because it is considered as the second best country due to its best investment potential.
Other reasons for investors and entrepreneurs to set up business in Singapore also include the quality of life, the best labor force and the economic status of the country.
If you are foreign to the land, then you are welcome to establish your business in Singapore. The laws are less restrictive compared to other countries and foreign investors and local businessmen would enjoy the following benefits:
- The suitable social and political environment
Doing business in Singapore is an exceptional choice of businessmen and entrepreneurs. This is because the country is highly reputable and well-regulated. Furthermore, this is considered to be as the least corrupt country.
- Ideal geographical location for business
The location of Singapore makes it suitable for company incorporation because you can reach other places in Asia without any hassle. With their daily inbound and outbound air travel, doing business is made more convenient and easier.
Furthermore, Singapore has signed 20 free trade agreements or FTA with other countries such as Korea, Japan, US and China. It also has a good international connection in terms of trading at which the country effectively preserves.
- Ease of processing of setting up company
Singapore business registration is quick and easy for both natural born citizens and foreigners. Within one day, you can complete the processes provided that you have completed all the requirements and your application is accordingly submitted to the respected office.
- Competitive taxes in Singapore
Why setup a company in Singapore? Compared to other countries, the Singapore tax rates are competitive. The registered companies will enjoy its tax exemptions from the profits earned outside Singapore and incentives. Less than 9% is paid for the first S$300, 000 annual profits and afterwards, you will pay a 17% flat. Furthermore, there are also no capital gains or dividend taxes.
- Technology, telecommunication and infrastructure
Another advantage to the businesses and companies in Singapore is the efficient technology, infrastructures and telecommunication. Having all these, doing business transaction will run smoothly and effectively.
- Intellectual Property (IP) Protection
Singapore offers a comprehensive intellectual property protection because it becomes a one-stop center for businesses that seeks IP asset management.
Why set up a company in Singapore? With the unique blends of competency and advantages, doing business in Singapore is more efficient and realistic. It offers a suitable environment and an array of benefits for entrepreneurs and businessmen that will warrant business success and growths for investors.
