There are countless reasons why organizations choose to form a company in Singapore. The stronger business environment, government policies and the island state’s strategic location in the premium markets make Singapore an ideal platform for foreign companies who wish to set up their business overseas. If you are planning to do the same look no further, we can assist you with your company formation needs.
Singapore is an excellent location for company formation. As one of the most prosperous and developed countries in the world, it has a stable political environment, a well-educated workforce and a robust economy, making it an ideal place to do business.
If you are considering incorporating your business in Singapore, here is what you need to know:
1. The World's Easiest Place To Do Business – Doing business in Singapore is relatively easy, as the country has an open business environment and offers investors a simple regulatory framework. The World Bank's annual Doing Business report lists Singapore as the easiest place to do business in the world. The ease of doing business is due to factors such as low levels of corruption, strong rule of law and efficient government processes.
2. Stable Political Environment – Singapore has been ranked first for political stability for several years by the Political Risk Services Group. It was also named “nation most prepared for disasters” by the United Nations Office for Disaster Risk Reduction in 2015.
3. Lowest Corporate Tax Rate In The World – After Hong Kong, Singapore has the lowest corporate tax rate in Asia at 17 per cent and one of the lowest rates in the world. This makes it very attractive for foreign investors who want to establish their businesses there.
In conclusion, there are many reasons businesses choose to incorporate in Singapore. At its most basic reason, the desire of a business to conduct business has brought them to Singapore Enterprise City. The easiest, most cost effective and accommodating way to register your company would be at one of these centers and it is a smooth process once you get started. The key to choosing the right company formation service ( attorney) in Singapore is knowing how to evaluate the attorneys you are speaking with. It’s not so much the recommendations that matter, but the reputation and ability of that particular attorney. There are many factors involved, but price will have to be considered since time is critical for registering your company in Singapore.
For more details about company incorporation, Singapore company formation or company setup, visit https://www.a1corp.com.sg/singapore-company-formation/
