Benefits of Doing Business in Singapore

Singapore, often dubbed the ‘Switzerland of Asia,’ is a top choice for start-ups and global businesses. Its streamlined registration process allows companies to be established in days, backed by a business-friendly environment with government incentives, tax reliefs, and innovation grants. The stable economy, skilled workforce, and strategic location enhance its appeal. Transparent governance, robust legal systems, and low corporate tax rates further bolster Singapore’s reputation as a thriving business hub.

Why Choose Singapore for Your Business?

• Ease of Business: Minimal bureaucracy and fast registration processes.
• Government Support: Grants, tax incentives, and pro-business policies.
• Stable Economy: Consistent growth, low unemployment, and strong financial systems.
• Skilled Workforce: Multilingual talent pool with strong educational backgrounds.
• Strategic Location: Gateway to key Asian markets.

Key Benefits:

• 0% tax on the first S$100,000 for new businesses (first 3 years).
• No capital gains tax.
• Double taxation agreements with over 50 countries.
• 100% foreign ownership with no restrictions on profit repatriation.

Industries Thriving in Singapore:

Technology, biotechnology, fintech, clean energy, and research, supported by top research facilities and innovation hubs.

Challenges to Consider:

• High cost of living and competitive labour market.
• Requirement of at least one resident director (often resolved through nominee director services).

Singapore’s robust infrastructure, clear legal frameworks, and global connectivity make it an ideal base for businesses. For personalized guidance on setting up your company in Singapore, contact us today.