When it comes to company incorporation, Singapore provides a wide range of benefits to today’s business owners. No matter if you are a small startup or a large, flourishing company, you may want to consider the key reasons for you to move into this country to achieve your business’s goals. Is the move right for all companies? That may not be the case. It is up to you to know what your company’s needs are, what steps you will need to take, and what Singapore business incorporation can mean for your company. Luckily, there are some pretty good long-term benefits of registering your company here that you need to think about before making any decision.
Singapore company registration is a simple and straightforward process. This is why many entrepreneurs from around the world are keen to register a Singapore based company. Not only is the company formation process smooth, but acquiring a work visa is also straightforward if you meet all the requirements. Not to mention the tax exemption schemes and corporate tax benefits which make businesses here a lucrative decision. No matter what your business activities may be, you will find a home here in Singapore (provided they are legal of course).
The Financials Are Safe
There are many companies that worry about this – is the country financially stable. That’s a big deal, but with Singapore, you have some key advantages. The country was rated highly by the World Bank for its easy of doing business. More so, it is also one of the wealthiest countries in the world (as noted by Forbes magazine.) And, the country has one of the best overall economies present in the region as well as in the world itself. Those are all key advantages that your company can bank on for both safety and for growth potential.
The Political Atmosphere Is Positive
Next, take a look at the political atmosphere of the country. Unlike many others in the region and throughout the world, you will not find the same level of insecurity and unrest. In fact, Singapore is rated as the most stable of all Asian countries when it comes to politics. That can give you a sense of peace of mind!
What About The Business Component?
Think about running your business here. First, you get access to a top-rated workforce that is growing and doing well. Your tax rates are affordable compared to most other countries. And, there are no concerns about dividend or capital gains taxes or estate, death, or inheritance taxes. With rates as low as 17 percent in some cases, that makes this a financially sound move to make. All you would need to go is acquire a registered address at a good location, get your company incorporated and you’re nearly ready to commence business operations.
The Economy Is Strong
Of course, your business needs to be able to make money here. The good news is that it can. Singapore has a respectable economy that is growing. This is a significant advantage over many would-be safe countries in Europe, for example. If you are looking for a place to provide services, this country offers a number of reasons to do so. Any corporate entity that you establish in Singapore has a high change of thriving. This is a great place to build your business profile as you work on gaining momentum for your success.
When you pull all of these things together, it makes sense to make registering your business in Singapore a priority for you. The entire process of making this move is not hard to do either. If you have thought about making the move, but worried about the process, think again. You will find this process is one of the best overall decisions you can make for right now but also for the long term growth and development of your company.
Categories: Singapore Incorporation and Company Registration