7 Reasons why registering company in singapore is best choice for foreigners

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7 Reasons why registering company in singapore is
best choice for foreigners

• Depending on your target audience and its needs,
  taxation laws, the nature of the local workforce
  and other factors, doing business overseas just
  might offer advantages to you that exceed those
  of the country where you live at right now. 

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• Either an existing company looking to expand its
  reach or an individual looking to expand his or
  her business, there are times foreigners want to
  register company in a country where its easy to
  register, cost is low, skilled manpower is
  available and other facilities, as well as
  environment, are conducive to doing a profitable
  business without hassle.
• Here are 7 reasons why registering company in
  Singapore is best choice for foreigners.

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1)Number one place for doing busines

• According to Ease of doing business
  report published by World Bank group, Singapore
  ranked amongst top 2 out of all the countries
  around the world.
• Notably, Singapore is being ranked amongst best
  places to do business in Ease of doing business
  as well as other prominent reports, research, and
  whitepapers from more than a decade on continuing
  basis.

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2) Affordable tax rates

• According to The World Economic Forums report,
  Singapore is the top 10 in the world in the list
  of countries having lowest tax rates. The
  Corporate Tax Rate in Singapore stands at 17
  percent, which is way lesser comparing to most
  other countries such as India (34), Australia
  (30) and Switzerland (17.92).
• Taxes are often one of the major factors for any
  entrepreneur that influences the choice of
  country for setting up a business.

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• In an effort to move away from a dependency on
  income taxes and to make the economy even more
  competitive, the government has adopted a more
  broad-based consumption tax called Goods and
  Services Tax (GST). Singapore maintains one of
  the worlds lowest GST rates (currently 7),
  ranking below the global average VAT/GST rate of
  16.4, and the Asia-Pacific average of 10.5.

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3) Availability of telecom and internet facilities

• In a globally connected world and especially when
  planning to register company in a country
  different from its principal office, availability
  of fast and reliable telecom and internet
  facility is extremely significant.
• The telecommunication infrastructure of Singapore
  spans the entire city-state. Its development
  level is high, with close accessibility to the
  infrastructure from nearly all inhabited parts of
  the country.

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Business owners can find themselves connected
online almost everywhere to ensure their
international transactions take place seamlessly
without delays.
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5) Affordable and wide transportation network

• At the heart of Asia Located at the crossroads of
  the east-west trading routes, Singapore provides
  access to fast-growing markets such as China,
  India and Southeast Asia, all within a seven-hour
  flight radius.  
• Singapores Changi Airport is considered the best
  in the world and provide you easy access to major
  cities in the Asia-Pacific, North America, Europe
  and the Middle East.

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4) Skilled labor

• According to the  Human Capital Report 2015 by
  Mercer and the World Economic Forum, 54 of
  Singapores workforce is highly skilled,
  relatively higher than the percentage in New
  Zealand and Australia. Singapore, in fact, has
  the highest proportion of high-skilled employment
  in Asia Pacific according to various surveys and
  reports.
• As mentioned on the official website of  Monetary
  Authority of Singapore, 

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6) Flexible Immigration Policies

• Singapores open Immigration policy facilitates
  the relocation of foreign nationals who wish to
  set up businesses here. If you are an
  entrepreneur who needs to relocate to Singapore
  to run your business or need to hire foreign
  professionals, the government has anticipated
  your needs and made appropriate Singapore work
  visa provisions. To help value adding individuals
  settle permanently,

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7) Incorporation process is easy

• In Singapore, setting up a business involves
  three procedures which can be completed in three
  days, at a relatively low cost comparing to
  various other countries.
• There are some simple requirements to fulfill and
  following the steps on which a Singapore company
  can be incorporated without hassle.
• Moreover, its possible to incorporate company in
  Singapore from a minimum share capital of 1
  thereby not requiring huge funds for the process.

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• For More information visit this link
•  
• http//precursor.com.sg/7-reasons-registering-comp
  any-singapore-best-choice-foreigners/

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