This article points out reasons why an entrepreneur should set up a company in Singapore, highlighting the benefits that a Singapore company provides.

1.
Why
you
should
set
up
a
company
in
Singapore
Singapore
is
one
of
the
biggest
financial
hubs
in
the
world.
It
is
a
huge
player
in
world
trade
and
has
the
world's
fifth
busiest
seaport.
As
a
leading
financial
centre
it
provides
a
very
attractive
location
for
the
establishment
of
a
corporate
presence.
What
makes
it
even
more
appealing
is
that
Singapore
offshore
company
set
up
is
usually
a
relatively
easy
procedure.
Having
said
that,
anyone
considering
establishing
a
company
in
Singapore
should
obtain
expert
guidance
in
advance.
That
expertise
can
be
beneficial
for
legal
matters
as
well
as
for
financial
matters.
Why
would
someone
wish
to
establish
a
company
in
the
Republic
of
Singapore
in
the
first
place?
Well
one
reason
might
be
that
the
person
intends
to
live
there.
According
to
experts,
it
has
the
best
quality
of
life
of
any
city
in
Asia.
Recently,
and
possibly
as
a
result
of
this,
Singapore
is
becoming
an
increasingly
more
expensive
place
in
which
to
live.
But
apart
from
increased
cost
of
living,
a
very
favorable
taxation
regime
for
Singapore
offshore
companies
exists.
That
attractive
regime
applies
to
the
individuals
as
well
as
to
companies.
For
example,
there
is
no
local
tax
liability
on
profits
gained
from
non-­‐
Singaporean
sources,
subject
to
certain
conditions.
This
includes
dividends
and
income
sourced
from
abroad.
A
company
incorporated
in
Singapore
and,
correctly
structured,
is
effectively
exempt
from
taxation
of
profits
earned
outside
the
republic.
Setting
up
a
company
in
Singapore
is
relatively
straightforward,
although
the
authorities
still
implement
stringent
guidelines
to
ensure
legitimacy
of
business
operations
and
maintain
the
reputation
Singapore
holds.
The
amount
of
capital
required
by
law
is
low.
Indeed
the
Republic
is
regarded
as
one
of
the
easiest
places
in
which
to
operate
a
company
from
the
point
of
view
of
regulatory
obligations.
One
prerequisite
that
must
be
adhered
to
is,
that
at
least
one
director
has
to
be
ordinarily
resident
in
Singapore.
To
support
a
start
up
company
in
Singapore,
the
procedure
for
setting
up
a
corporate
bank
account
is
also
relatively
easy
and
a
good
professional
services
firm
can
manage
this
process
for
you.
Singapore
is
not
regarded
as
a
‘tax
haven’.
This
term
has
been
used
in
reference
to
low
tax
jurisdictions
and
is
viewed
with
suspicion
by
revenue
authorities
fighting
tax
evasion.
Singapore
also
has
the
benefit
of
being
a
very
stable
country,
politically
and
economically.
The
Singapore
government
is
very
business
friendly.
Many
local
consultants
offer
virtual
office
services.
There
are
little
or
no
restrictions
on
fund
transfers
and
general
international
financial
transactions.
In
2010
it
was
voted
the
world's
"easiest
places
to
do
business"
by
the
World
Bank.
www.healyconsultants.com

2.
English
is
an
official
language
and
all
official
documentation
is
accepted
in
English.
While
an
annual
financial
statement
must
be
submitted
to
the
Inland
Revenue
Service,
an
annual
financial
audit
is
only
required
for
companies
with
sales
/
turnover
of
five
million
Singapore
dollars
or
above.
Singapore
has
double
taxation
agreements
with
over
sixty
countries
worldwide.
Other
benefits
of
Singapore
company
formation
for
business
people
include
a
very
strong
legal
framework
and
strict
protection
of
intellectual
property
of
companies.
From
the
information
technology
viewpoint,
Singapore
is
in
the
top
three
countries
worldwide.
Singapore
is
now
the
third
largest
Southeast
Asian
country
in
terms
of
the
value
of
foreign
direct
investment.
A
Singapore
offshore
company
set
up
is
a
very
attractive
vehicle
for
entrepreneurs
throughout
the
world.
Healy
Consultants
is
a
leading
corporate
services
firm
providing
international
entrepreneurs
with
all
Singapore
company
incorporation
requirements.
The
firm
provides
a
range
of
services
for
Asia
business
set
up,
tax
planning
and
offshore
investing.
More
information
can
be
found
on
the
Singapore
company
incorporation
section
of
our
business
website,
www.healyconsultants.com.
www.healyconsultants.com