Business Incorporation Singapore

Why Incorporate in Singapore?

Singapore is a country that welcomes entrepreneurs and businesses with a friendly environment and a government that is willing help a business grow. Since, Singapore is situated at the crossroads of international markets, it gives businesses a competitive advantage. That advantage is executed by utilizing all of the tax benefits the Singaporean government has created which promote economic growth through expansion of the business foundation.

This surely makes Singapore a safe haven for businesses and their investors.  Few countries have succeeded in attracting new business incorporations and to convince existing businesses to relocate. All corners of the world are linked to Singapore and this is a situation that can lead to phenomenal business opportunities. Plus, in Singapore, called the Gateway to Southeast Asia, it’s possible to fly 7 hours in any direction and have access to a market of 2.8 billion people. Major markets include China, India and member countries of the Association of Southeast Asian Nations (ASAN).

Setting the Standard for Pro-Business

The Singaporean government has been working hard for years to develop a pro-business climate for multinational and foreign corporations. As a result, the country has streamlined the Business Incorporation Singapore process in a way that most bureaucracies could never achieve. The incorporation registration and documentation is regulated by the Accounting and Corporate Regulatory Authority (ACRA) which has a set protocol for fast and efficient processing.  In fact, the incorporation process usually only takes 2 days to complete. One important incentive is that the tax structure which has one of the lowest corporate tax rates in the world at 8.5% on profits up to S$300,000 and 17% thereafter. In addition, no capital gains taxes, special tax exemptions like a one-off tax (CIT) rebate or SME cash grant, and tax incentives that promote innovative business development are all part of the Singapore pro-business standards.

Working and Living

Aside from the very attractive tax incentives and being located in the heart of Southeast Asia, Singapore has one of the best infrastructures in the world. Not only does this make Singapore an investor’s dream; it makes it a safe and secure place to live and work. Singapore has a very, very low crime rate, excellent public transportation, and a mild climate year round. All of this helps contribute to the well-being of the workers and residents of Singapore, and it ensures any business of a strong, reliable workforce. Singapore: a strong, reliable, and successful country.