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/advantages, you should be able to better decide whether or not you should incorporate company in Singapore on the basis of these reasons and your business goals. For More information visit this link: http://precursor.com.sg/7-reasons-registering-company-singapore-best-choice-foreigners/

2. 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.
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.

3. Singapore in this context fits the best considering
it’s business-friendly environment.
Here are 7 reasons why registering company in
Singapore is best choice for foreigners. We believe
that by knowing these reasons/advantages, you
should be able to better decide whether or not you
should incorporate company in Singapore.

4. 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, which means
that the report ranks Singapore the most business-
friendly country.
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.

5. This makes sense for a serious business or
entrepreneur to register company in Singapore.

6. Global Business Ranking: Singapore was ranked
1st under ”Ease of doing business” category

7. 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%).

8. 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%).

9. Taxes are often one of the major factors for any
entrepreneur that influences the choice of country for
setting up a business. Singapore does not only have a low
corporate tax of 17%, but the personal income tax rate in
Singapore has a tier system that starts from just 0% and
goes up to 22% for income above S$320,000.
There are no capital gains taxes in Singapore, which
follows a single-tier tax policy; for income that has been
taxed at the corporate level, dividends can be distributed
to its shareholders tax-free.

10. 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%.

11. 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.
In 2010, internet service providers in Singapore rolled out the Next
Generation Nationwide Broadband Network (Next Gen NBN) service
plans. The Next Gen NBN is Singapore’s nationwide ultra-high speed
fibre network. It offers competitively priced broadband speeds of up to
1 Gbps at comparable prices to ADSL and cable connection.

12. In 2015, one of Singapore’s internet companies launched a 2Gbit/s
fiber broadband service in Singapore, offering the country’s fastest
internet connection.
With such high-speed internet and telecom facilities, registering
company in Singapore just seems a great idea as you can make sure
that you’ll be connected and can get the work done with speed.
As shown in the graph below, we can infer that Singapore has 217
internet service providers, 43,000 over public Wi-Fi access points and
15 millions of mobile subscribers. Basically, internet service is
everywhere in Singapore. Business owners can find themselves
connected online almost everywhere to ensure their international
transactions take place seamlessly without delays. Hence, registering
company in Singapore is a wise choice for both local entrepreneurs
and foreign companies.

13. 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,

14. Following are some of the notable facts about Singapore’s labor
and workforce:
Singapore’s labor regulations and workforce have consistently been
rated highly by leading international organizations such as the
World Economic Forum and Washington-based risk consultancy
agency, Business Environment Risk Intelligence (BERI).
Singapore has Top position in BERI’s Labor Force Evaluation
Measure
Among the top 10 in Asia for the most motivated workforce
Among the top 10 in Asia for the best-skilled labor
Among the top 5 in the world for the most business conducive labor
regulations
The best labor/employer relations in Asia
Foreign talent rank Singapore as Asia’s best country to work in
The first choice for Asian expatriates
Singapore’s immigration laws for foreign talent highly-regarded for
being business-centric

15. 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. Singapore is also home to the busiest port in the
world and having the most extensive international port
connections makes Singapore the top docking
destination for trade.

16. At times, the entrepreneurs looking to incorporate company in
Singapore might want to relocate to Singapore for setting up the
business.
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, Singapore has a relaxed immigration policy,
making it easier for foreign professionals to gain Singapore
Permanent Residence (PR) status.

17. Foreigners can now find much flexibility in
immigration procedure for foreign entrepreneurs to
register company in Singapore.
Total population (migration & immigration)

18. 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.

19. As a foreigner looking to register company in
Singapore, You must engage a professional firm to
register a Singapore company. Singapore law does
not allow foreign individuals or entities to self-
register a company in Singapore.
For More information visit this link:
http://precursor.com.sg/7-reasons-registering-
company-singapore-best-choice-foreigners/