When it comes to the business arena, Singapore is no more a small player. It is home to numerous multinational corporations and has great standing as the business epicenter of Southeast Asia.
As per the report of World Bank’s Doing Business of 2020, Singapore ranks second in the category of ‘Ease of Doing Business’.
So, if you are planning to register a company in Singapore then this article is going to help you. Business owners from around the world have settled in Singapore to start their own company because of the effectual working atmosphere and controlled safety systems.
Below-stated are few reasons that reveal why you should incorporate a company in Singapore
Singapore is a stellar place:
Being the world’s busiest ports, every day Singapore sees a noteworthy amount of business inflow and outflow. It’s close immediacy to some of the world’s most important economies like China and India has made it a great spot to springboard into those marketplaces.
Singapore’s airport is also ranked within the world’s top three airports because it aids more than 100 airlines to more than 350 cities, making it easy for business owners to travel for business purposes.
Get ready to enjoy low tax rates:
Being a business owner, it can be quite difficult for you to do business with high tax rates. The government of Singapore offers the world’s most rational corporate tax structures.
Now the corporate tax rate in Singapore is just 17% which helps the new companies to obtain noteworthy tax breaks within the first 3 years of incorporation.
If you register a company in Singapore, then expanding your company and trading across the borders will be easy for you because Singapore has now signed more than 20 free trade agreements along with 27 global economies.
Connect to a business-friendly ecosystem:
Be it a small business or just a start-up, the Singapore government recognizes everyone’s creativity. It also offers amazing tax-incentives, programs, and grant schemes to encourage startup companies.
Being a financial hub, you can find several local and international banks in Singapore which helps you in easily attaining the capital resources.
Opportunity to access robust legal system and safety:
Singapore gives latent business owners and investors security because it is considered as the most constant political environments in the Southeast Asia region.
It is also an ideal place for tycoons because Singapore has low corruption and crime rates.
Get ready to take the benefit of the quick incorporation process:
Do you want to incorporate your company in Singapore in just five minutes? You can because this country has got a rapid incorporation framework across the world.
All the requirements of commencing a company in Singapore is quick, simple, and hassle-free. Submitting all the required documents will take just five minutes and approval of the incorporation will be done in less than a day time.
So, get ready and be a part of Singapore’s bustling business landscape with HeySara.