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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 right now. <br>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.<br><br>For More information visit this link: <br><br>http://precursor.com.sg/7-reasons-registering-company-singapore-best-choice-foreigners/<br>

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7 Reasons why registering company in singapore is best choice for foreigners

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  1. 7 Reasons why registering company in singapore is best choice for 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.  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. 

  3. 1)Number one place for doing business 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.

  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%).

  5. 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.

  6. 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, 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

  7. 5) Affordable and wide transportation network 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.

  8. 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, Singapore has a relaxed immigration policy, making it easier for foreign professionals to gain Singapore Permanent Residence (PR) status.

  9. 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. 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.

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

  11. Contact us: Precursor Group Pte ltd. • Address : 60 Albert Street #14-04 OG Albert Complex Singapore (189969) • Phone : (65) 63365500 • Email id : clients@precursor.com.sg • Website : http://precursor.com.sg

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