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Why singapore and mauritius are preferred investment destinations
- 1. Singapore and Mauritius: Preferred Investment Jurisdictions Dr. CA. Nabeel Ahmed B.com, ACA, CMA, AICWA, AIA, MBA, Ph.D.
- 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
- 4. Singapore
- 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 $200,000 Fully Chargeable Partial tax exemption for companies (from AY 2020)
- 10. Infrastructure Monitored and controlled by Government agencies Changi International Airport -It caters to 80 airlines serving more than 180 cities in over 50 countries. -The three terminals at Changi Airport together can handle 70 million passengers a year -Operated as Free Trade Zone Telecommunications Singapore is the most wired country in the world, with a household broadband penetration rate of 115.2% The least expensive place in the world to make a phone call or surf the internet using a broadband connection
- 11. Statistics
- 12. Singapore GDP [$ Billion] – Past 10 Years 209.39 239.81 254.83 266.16 278.98 289.86 298.25 307.08 318.44 328.44 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
- 13. Main Investors Main Investors in Singapore are United States United Kingdom British Virgin Islands Netherlands Japan China
- 14. Singapore FDI Inflows - $ Billion 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 12.20 23.82 55.08 49.16 55.31 64.39 68.70 69.77 73.55 94.81 82.04
- 15. Singapore FDI Outflows - $ Billion 0.00 10.00 20.00 30.00 40.00 50.00 60.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 7.96 32.04 35.41 31.90 20.48 45.28 52.48 45.22 39.78 43.70 36.33
- 16. Mauritius
- 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
- 21. Statistics
- 22. Mauritius GDP [$ Billion] – Past 10 Years 9.58 10.00 10.41 10.78 11.14 11.55 11.97 12.42 12.90 13.39 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
- 23. Main Investors The main investors are United States India United Kingdom The Cayman Islands China
- 24. Mauritius FDI Inflows - $ Millions 0.00 100.00 200.00 300.00 400.00 500.00 600.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 377.72 256.68 429.96 433.36 589.02 293.34 455.56 216.46 378.76 442.95 371.52
- 25. Mauritius FDI Outflows - $ Millions 0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 180.00 200.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 52.43 37.84 128.70 157.81 180.37 167.88 141.13 99.66 28.29 85.54 83.35
- 26. Credits and Acknowledgments Harish Kumar R Thirumal V
- 27. Thank You DVS Advisors LLP India-Singapore-London-Dubai-Malaysia-Africa www.dvsca.com Copyrights © 2019 DVS Advisors LLP Scan the QR Code to Join our Research Group on WhatsApp Scan the QR Code to explore more Research from our Website