Reasons to register company and incorporation in Singapore
Singapore may be a small red dot in the global map to register company and incorporate an entity, but when it comes to doing business and incorporating a company in Singapore, it is one of the ideal and popular choices for local and foreign entrepreneurs for company registration. There are solid reasons that make Singapore a top choice for registering a company and start a business entrepreneurs, and these include:
Singapore has one of the lowest personal and corporate tax regimes worldwide for company register Singapore. Newly incorporated companies in Singapore are allowed a tax-exemption of the first $200,000 SGD they earn, if it is viewed as a zero tax jurisdiction. Then, the tax rate grows gradually over the years with your income. Usually, corporate taxes for incorporated firms are only 8.5% up to S$300,000 profits and a linear 17% above that. Besides this, there are no capital gain, dividend or estate/inheritance taxes in Singapore.
Over the years, through its extensive and dedicated diplomatic efforts, the city-state has established 76 DTAs (Double Taxation Agreements) and 20 FTAs (Free Trade Agreements) that have helped Singapore incorporation company connect to major economies of the world, providing excellent business prospects for entrepreneurs operating in Singapore.
- Strategic-Geographical Location
Located in the centre of South East Asia (SEA) with access to key trade routes, register company in Singapore will entitle a strategic geographic location, providing businesses an easy way to venture into other ASEAN countries for growths and investments
- Meritocacy-Business Policies and Environment
Singapore is both politically stable and provides an excellent pro-business environment to entrepreneurs to register company in Singapore. The city-state is rated as number 1 in the world by the World Bank, typically because of the ease of setting-up and doing business here.