Singapore has been the go-to location for a lot of businesses to register and operate. There are several reasons for the same.
We have listed a few below:
Singapore has a robust, well developed, free-market economy. Its service accounts for 75% of the country’s GDP, which in turn employs 80% of its workforce.
The infrastructure has been astonishingly stunning with modern facilities all in place. Various incentives are in place to develop Singapore as an IP hub.
Singapore levies no tax on capital gains and dividends received from a business. New firms /start-ups receive noteworthy tax breaks during their first 3 years, reducing their tax rate to 0% for the first $100k Income. This enchants a lot of entrepreneurs to the country.
Singapore charges one of the lowest value-added tax rates in the world.
As a foreigner, you are allowed to hold 100% of the stock of a Singapore incorporated company. It's not compulsory to have a local partner or shareholder. There are also no restrictions on the amount of investment that you bring from your home country to be invested in your Singapore company.
The requirements to incorporate a company here are simple and straight forward. It is efficient and not time-consuming. Incorporation, if everything works well, takes less than a day.
Singapore is regarded as one of the easiest places to do business. The workforce is highly educated and proficient. It has one of the most leading arbitration centers in the world. To make things even better, it has an open immigration policy.
New Company Setup
New Company Setup
Existing Company
New Branch Setup
New Setup
Singapore Bank Account