Singapore is #1 in Asia for sustainability
Singapore is rated #2 in the world by World Bank for ease of doing business
Singapore is ranked the #2 wealthiest nation in the world by Forbes magazine
Singapore is rated #1 as the most politically stable country in Asia
Singapore is rated #1 in Asia for quality of life
Corporate tax rates flat 17%
There are no dividend or capital gains taxes in Singapore
There is no estate/death/inheritance tax in Singapore
Personal tax rates start at 0% and max out at 22%
Singapore’s network of over 50 comprehensive Double Taxation Avoidance Agreements
Singapore’s many free trade agreements and the Investment Guarantee Agreements
Protection of your ideas and innovations thanks to Singapore’s strict enforcement of its strong intellectual property laws
The facts listed above illustrate why Singapore is a favorite destination for entrepreneurs wanting to relocate themselves and their business entirely or simply expand their operations globally.
Take for instance the ease of doing business in Singapore. The country has a score of 87.34, compared to 82.15 for the United States.
Safe living environment
Cutting-edge business community
Relaxed, stable lifestyle
Singapore provides many advantages for an entrepreneur who wants his business to grow in its prosperous environment.
For instance, Singapore provides a great strategic location in Southeast Asia. Its location gives your business access to a market of 2.8 billion people. Its pro-business environment attracts foreign investors seeking to invest in great business ideas. Singapore has an open immigration policy, which makes it simple for entrepreneurs to get work visas and to gain permanent residency status.
Accounting and Corporate Regulatory Authority – oversees the registration and regulation of business entities and public accountants. This agency also provides information on new business structures, compliance requirements, and governance practices.
SMEPortal.sg – a one stop site for entrepreneurs looking to start, sustain and grow their businesses. It features links to government information and services, also industry help and how-to guides.
Take advantage of the business opportunities that exist in Singapore. You may soon find that the opportunity to build a business will no longer be so easy to take advantage of when more entrepreneurs learn about the vibrant business environment in Singapore.