Depending on your target audience and its needs, taxation laws, the nature of the local workforce and other factors, doing business overseas just might offer advantages to you that exceed those of the country where you live right now. Here are 7 reasons why registering company in Singapore is best choice for foreigners. We believe that by knowing these reasons/ on the basis of these reasons and your business goals. advantages, you should be able to better decide whether or not you should incorporate company in Singapore. For More information visit this link: http://precursor.com.sg/7-reasons-registering-company-singapore-best-choice-foreigners/

1. 7 Reasons why registering
company in singapore is best
choice for foreigners
Depending on your target audience and its
needs, taxation laws, the nature of the local
workforce and other factors, doing business
overseas just might offer advantages to you
that exceed those of the country where you
live at right now.

2. Either an existing company looking to expand its
reach or an individual looking to expand his or
her business, there are times foreigners want to
register company in a country where it’s easy to
register, cost is low, skilled manpower is
available and other facilities, as well as
environment, are conducive to doing a profitable
business without hassle.
Here are 7 reasons why registering company in
Singapore is best choice for foreigners.

3. 1)Number one place for doing busines
According to Ease of doing business
report published by World Bank group, Singapore
ranked amongst top 2 out of all the countries
around the world.
Notably, Singapore is being ranked amongst best
places to do business in Ease of doing business as
well as other prominent reports, research, and
whitepapers from more than a decade on
continuing basis.

4. 2) Affordable tax rates
According to The World Economic Forum’s
report, Singapore is the top 10 in the world in the
list of countries having lowest tax rates. The
Corporate Tax Rate in Singapore stands at 17
percent, which is way lesser comparing to most
other countries such as India (34%), Australia
(30%) and Switzerland (17.92%).
Taxes are often one of the major factors for any
entrepreneur that influences the choice of
country for setting up a business.

5. In an effort to move away from a dependency on
income taxes and to make the economy even
more competitive, the government has adopted
a more broad-based consumption tax called
Goods and Services Tax (GST). Singapore
maintains one of the world’s lowest GST rates
(currently 7%), ranking below the global average
VAT/GST rate of 16.4%, and the Asia-Pacific
average of 10.5%.

7. 3) Availability of telecom and
internet facilities
In a globally connected world and especially
when planning to register company in a
country different from its principal office,
availability of fast and reliable telecom and
internet facility is extremely significant.
The telecommunication infrastructure of
Singapore spans the entire city-state. Its
development level is high, with close
accessibility to the infrastructure from nearly all
inhabited parts of the country.

8. Business owners can find themselves connected
online almost everywhere to ensure their
international transactions take place seamlessly
without delays.

9. 5) Affordable and wide
transportation network
At the heart of Asia Located at the crossroads of
the east-west trading routes, Singapore provides
access to fast-growing markets such as China,
India and Southeast Asia, all within a seven-hour
flight radius.
Singapore’s Changi Airport is considered the best
in the world and provide you easy access to major
cities in the Asia-Pacific, North America, Europe
and the Middle East.

10. 4) Skilled labor
According to the Human Capital Report 2015 by
Mercer and the World Economic Forum, 54% of
Singapore’s workforce is highly skilled, relatively
higher than the percentage in New Zealand and
Australia. Singapore, in fact, has the highest
proportion of high-skilled employment in Asia
Pacific according to various surveys and reports.
As mentioned on the official website of Monetary
Authority of Singapore,

11. 6) Flexible Immigration Policies
Singapore’s open Immigration policy facilitates the
relocation of foreign nationals who wish to set up
businesses here. If you are an entrepreneur who
needs to relocate to Singapore to run your
business or need to hire foreign professionals, the
government has anticipated your needs and made
appropriate Singapore work visa provisions. To
help value adding individuals settle permanently,

13. 7) Incorporation process is easy
In Singapore, setting up a business involves three
procedures which can be completed in three days,
at a relatively low cost comparing to various other
countries.
There are some simple requirements to fulfill and
following the steps on which a Singapore company
can be incorporated without hassle.
Moreover, it’s possible to incorporate company in
Singapore from a minimum share capital of $1
thereby not requiring huge funds for the process.

14. For More information visit this link:
http://precursor.com.sg/7-reasons-registering-
company-singapore-best-choice-foreigners/