Why you should register a company in Singapore? [ Benefits]
Singapore is one of the best places in the world to incorporate your business. The registration process is quick and easy. You will easily find a skilled workforce and a better working environment there. Here is a list of some of the great benefits of incorporating in Singapore.
The first benefit is convenience in the registration procedure. You can easily register your company within a day in Singapore. You can engage the services of a company registration service provider and they will do everything including all the necessary paperwork for you.
Another great benefit is the low taxes. Tax that is levied upon businesses in Singapore is very low as compared to corporate tax in other countries. One great benefit is that your newly incorporated company is not required to pay any tax on the first 100,000 Singapore dollars profit. The corporate tax varies from 0-17%, whereas personal income tax varies from 0-22%.
Another benefit of working in Singapore is the skilled workforce that is available here. Singapore is filled with an educated and proficient working population.
Singapore has a relatively open immigration policy. You can easily start a business there. Relocate your employees. Also, Singapore has one of the most politically stable governments in the world with no corruption.
The international network of businesses is very strong in Singapore. You can easily conduct business anywhere in the world from here.
Singapore has a network of 160 banks which makes it the largest corporate banking center in Asia. You do not have to worry about funds while commencing a business in Singapore.