Why start a business in singapore!
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Why Choose Singapore For Incorporating Your Business!
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For more info visit: http://www.one-visa.com
Transcript of Why start a business in singapore!
Why Choose Singapore
For Incorporating Your Business!
Singapore
Singapore is a country situated in Southeast Asia. Singapore is an island country made up of 63 islands. Singapore has over 5 million population. Singapore is the perfect blend of Western and Asian culture.
Why Singapore!
● Singapore is rated #1 in the world by World Bank for ease of doing business.
● Singapore is ranked the third wealthiest nation in the world by Forbes magazine.
● Singapore has been ranked as the third most globalized economy among 60 of the world’s largest economies in the recently released Ernst and Young 2011 Globalization Index.
● Singapore is rated #1 as the most politically stable country in Asia.
Tax System of Singapore
● Corporate tax rates are about 8.5% up to $300K profits and a flat 17% above that 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 20%
above $320K.
Immigration & Registration
Registration Process: You can register your business in less than three days. It just takes S$315 to register a business in Singapore. Immigration: Singapore has most favorable and flexible immigration rules and you can apply for Singapore Entrepass which is fairly easy to get.Workforce: Singapore has educated and qualified workforce which is essential for business. Business Environment: Singapore is known for it's business which is capable of attracting foreign investments.
Singapore Economy
Economy: Singapore economy doing well even other countries suffering from recession.Per Capita Income: Singapore has the highest average per capita annual income after Tokyo among the 12 cities featured in the World Cities Cultural Report 2012.
Other Factors
● Culture: Modern, westernized environment helps people from world over to easily adapt to the culture.
● Language: Wide use of English as the main language is appreciated and attracts foreigners.
● Safety: Scoring high on safety and has low crime rates makes the people feel safe.
● Environment:Clean and healthy environment to live.
There are several different types of entity which will influence the legal liability of the company and tax benefits. One-Visa will guide you to make the right choice to ensure your maximum benefits. For more info visit:http://www.one-visa.com
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