OBJECTIVE
Singapore’s robust economy, highly-educated workforce, excellent connectivity, and high standard of living offer businesses the ideal landscape to invest with confidence. Similar, the case for Mauritius where a stable system and skilled workforce are available.In this webinar, we will be having insights about why Singapore and Mauritius is considered as one of the preferred investment jurisdictions.
2. Legends used in the Presentation
FDI Foreign Direct Investment
GDP Gross Domestic Product
3. Presentation Schema
Singapore Introduction Benefits Track Records
Incorporation
of Company in
Singapore
Tax structure
Infrastructure Statistics
Singapore
GDP
Main
Investors
Singapore FDI
Inflows
Singapore FDI
Outflows
Mauritius Introduction Benefits
Incorporation
of Company in
Mauritius
Tax structure Statistics
Mauritius GDP
Main
Investors
Mauritius FDI
Inflows
Mauritius FDI
Outflows
5. Introduction
An island nation located in the heart of Asia, Singapore’s robust economy, highly-educated workforce, excellent
connectivity, and high standard of living offer businesses the ideal landscape to invest with confidence.
In the past 50 years, Singapore enjoyed rapid catch-up growth from being less economically advanced to one
of the more developed economies in the world
Started from having less than a third of the USA’s purchasing-power-parity-adjusted gross domestic
product (GDP) per capita in 1965, to being on par with the USA today
Singapore’s pro-business climate is anchored by its commitment to nurturing innovation, and pursuing
responsible growth.
With a strong track record across various facets of economic performance, it provides companies the
infrastructure, talent and regulatory support necessary to grow their businesses in a competitive world
6. Benefits
Lesser time duration for incorporation of company – 14 days to 2 months
Attractive tax rates
Tax Treaties with 94 countries
Strategic geographical location – easy access to a market of 3 billion people –
India, China etc.
Sound legal system – business friendly environment
7. Track Records
Holds No. 1 position for most
competitive economy in the
world
No. 2 position in the world for
ease of doing business
No. 1 in Asia for intellectual
property protection
No. 1 in Asia for sustainability 3rd Least Corrupt Nation
8. Incorporation of Company in Singapore
Average time taken to incorporate ranges from 3 days to 2 months
The fee for incorporation of company is SGD 315 (name application SGD 15 and registration SGD 300)
Offers a cost-effective package, which is suitable for local and foreigners who want to Setup a Company in Singapore
Company incorporation in Singapore is a straightforward and simplified process
9. Tax structure
Follows a progressive tax rate
Levies attractive tax rate
Companies are taxed at flat rate of 17%
Chargeable Income % exempted from Tax Amount exempted from tax (S$)
First $10,000 75% 7,500
Next $190,000 50% 95,000
Above $200,000 Fully Chargeable
Partial tax exemption for companies (from AY 2020)
10. Infrastructure
Monitored and controlled by Government agencies
Changi International Airport
-It caters to 80 airlines serving more than 180 cities in over 50 countries.
-The three terminals at Changi Airport together can handle 70 million passengers a year
-Operated as Free Trade Zone
Telecommunications
Singapore is the most wired country in the world, with a household
broadband penetration rate of 115.2%
The least expensive place in the world to make a phone call or surf
the internet using a broadband connection
17. Introduction
Mauritius is known for its political and social stability
It has good quality infrastructure and has modern information and telecommunications facilities
The 4th largest destination for FDI in the Small Island Developing States
Mauritius is the 20th most favourable country in terms of business environment
Offers investors a stable economic and political environment, a solid judicial system, modern
infrastructure, a stable financial system and a highly skilled and dynamic workforce
18. Benefits
Infrastructure and connectivity
A reliable and expanding logistics platform with modern infrastructure
A well-maintained road network
An efficient port with deep-water quays
An international airport with a modern terminal, and an airport city catering for high-value cargo
Mauritius is well connected with the global business by submarine fibre optic cables
19. Incorporation of Company in Mauritius
Setting-up a company in Mauritius is a non-complex process
The cost to incorporate a company ranges from USD 65 to USD 380
The time taken for incorporation of a company can be as low 1 working day
20. Tax structure
Levies attractive tax rate
Companies engaged in export of goods are taxed at 3%
and for other companies flat 15%
Tax-free dividends
No capital gain tax