What Sets Company Incorporation Singapore Apart from Others

1
What Sets Singapore Company IncorporationApart
from Others?

• If you are keen on establishing your business
  empire in a pro-business environment, you should
  consider registering your company in one of the
  best South Asian country i.e. Singapore. The
  bureaucratic hurdles involved in the process of
  company incorporation Singapore are very minimal.
  It might be the major factor that drives global
  entrepreneurs to visit and establish their bases
  in this island nation. There are also a set of
  advantages which have transformed Singapore into
  a prominent start-up ecosystem in the region.

2
Singapore Company Registration Process is Easy,
Fast, and Effortless

• As mentioned above, easy process of company
  incorporation Singapore attracts the global
  entrepreneurs most to set up their bases here. It
  takes hardly one to three days to complete the
  process as long as you are complying with the
  statutes. ACRA (Accounting Corporate Regulatory
  Authority) regulates the laws of companies. The
  process could be accomplished undertaking two
  simple steps- 1) Company Name Approval and
  Registration and 2) The Company Registration.
• The authority has made the process fast and easy
  by computerizing it. An online business portal
  called BizFile of ACRA is being used to carry
  out all the formalities vis a vis company
  registration. Under Singapore jurisdiction, 100
  foreign ownership is allowed. In addition, no any
  specific approval is required for a foreign
  individual to own a company in Singapore.

3
Taxation Regime of Singapore is Progressive in
Nature

• Secondly, Singapore taxation is often considered
  to be one of the vital driving factors behind the
  massive influx of foreign entrepreneur aspirants
  to the shores of this island nation. The Nation
  offers one of the lowest tax rates in the world,
  and its plenty of incentives and benefits are the
  boon for the startup organizations.
• IRAS (Inland Revenue Authority of Singapore) is
  responsible for collecting the taxes. The
  headline tax rates for corporate income tax and
  personal income tax are 17 and 22 respectively.
  The rate of GST (Goods and Service Tax) is one of
  the lowest in the world i.e. 7. Additionally,
  the nation has more than 70 comprehensive double
  taxation agreements with various nations.
• The availability of full tax exemption and
  partial tax exemption schemes for start-ups and
  existing companies enables the new businesses to
  pay zero and on-going companies to pay less
  effective taxes to the authorities. The absence
  of capital gains tax which translates to no tax
  on dividends are making the taxation regime even
  more lucrative one.

4
Wealth of Government Grants and Private
Investment Schemes are Easily Available

• In a bid to wipe out the funding problem faced by
  most of the startup businesses, the government of
  Singapore has rolled out a series of funding
  initiatives including cash grants, equity
  financing schemes, incubator schemes, debt
  financing schemes, and tax incentives.
  Additionally, there are plenty of angel
  investors, venture capitalists available in
  Singapore. The presence of major international
  banks, financial institutions, investment
  management firms has also created generous
  financial incentives for investors there.

Conclusion
All in all, Singapore is perceived as a paradise
of businesses for having a set of advantages that
are mentioned above in this article excerpt.
Apart from those, there are a few more attributes
which make the island nation a robust business
hub. The state-of-the-art infrastructure,
diverse culture, political stability, strategic
geographical location, seamless immigration
policies, strong intellectual property law and
talented workforce are to name a few. After
going through this guide, one can easily figure
out what sets company incorporation Singapore
apart from others.
5
About Us (Bio)

• SBS Consulting is a leading corporate firm in
  Singapore that consistently strives to make the
  company registration easier for the both foreign
  and local clients alike. The expert team of SBS
  extends their end-to-end support to entrepreneurs
  until their business is ready to take off.

6
Contact Us

• Office Address
• High Street Centre,
• 17-02, 1 North Bridge Road,
• Singapore - 179094
• Phone [phone]
• Email info_at_sbsgroup.com.sg
• Website www.sbsgroup.com.sg