Singapore, as many of us belonging to the business world know, is one of the most appealing locations in the world for establishing private limitedcompanies. The place even provides opportunity to many foreign business entrepreneurs to set up new businesses in the area or to even relocate their existing business in the region. It is because it is this place of the world, which provides an internationally linked, top ranking atmosphere for setting up businesses. The place not just has one of the best infrastructures for efficient business performances but is even attributed with a set of laws, which protect both individual as well as intellectual property. And there comes the importance of Singapore company registration, which is one of the most important things to be done for a new business or for the relocation of any business in Singapore. Apart from that, there are many other advantages of Singapore business setup, some of which are as follows:
- Low Taxes: The corporate as well as the individual Singapore tax prices are quite reduced than that of the majority of the nations in the world. Additionally, this place does not levy any kind of tax on capital gains. In fact, zero taxes on the primary 100 K taxable revenue for each and everyone from the initial 3 years are appreciated by the Singapore business setup.
- Satisfying Immigration Policies for Companies: Singapore is known for its immigration policies, which is quite liberal in nature. Entrepreneurs, who want to set up or relocate their business, can apply for their Dependent Pass or Entrepreneur Pass as well. In the due course of time, they can even apply for Singapore citizenship.
- Minimal Bureaucracy: Singapore is featured with least bureaucracy. This leading nation is highly recognised to be one of the productive nations in the world and even the gap in between the creation and the implementation of the guidelines is extremely less.
- Stable Social and Political Atmosphere: This place is believed to be one of the most peaceful and secure regions in Asia. It not just welcomes business oriented individuals but is even keen to attract foreign business talents, which in turn is bound to contribute towards the overall financial development and improvement of the nation. A parliamentary democracy, stable political condition, well-established judicial construction as well as the presence of domestic institutions provide a favourable and more appealing business atmosphere to the international business entrepreneurs for setting up a new business or relocating an old one in Singapore.
- Superb Infrastructure: This place is considered to be one of the highly linked nations in the globe, which is connected to the different parts of the world by the diverse modes of transport like air transport and sea transport. The area even has developed telecommunication facilities, which is needed for the establishment as well as operation of most of the businesses. Say for example, high speed broadband connection, which is accessed by around 99 % of the total population of Singapore.
Author Bio :
Andrew Thomas is a freelance copywriter specializing in the business startup industry, currently writing on Singapore company registration from Contactoneps.com.sg. Contactoneps is a Singapore based company that provides company incorporation, corporate secretarial, human resource management for startups and small to medium enterprises.