Singapore is one of the countries having the largest foreign currency reserves in the world. Business owners in fact have also identified Singapore as one of the best nations in the world to establish their ventures and flourish their businesses. Singapore has got a lot to offer – a relaxed and stable lifestyle, safe and comfortable living environment, good tax system and more. Take a look at the reasons why entrepreneurs prefer company formation in Singapore.
1. Strategic location:
One of the major factors that make Singapore attractive for businesses is its location. Being located in the heart of Southeast Asia, it becomes easy for businessmen to conveniently access the market. The Singapore Changi Airport also helps several businesses to access all the major Asian markets with ease.
2. A Premium Business Hub:
What makes Singapore one of the most ideal business destinations is its capability to attract foreign investments as well as in helping businesses to earn sizeable profits. Contrary to western countries, it takes only a day or two for the company incorporation process to complete. Singapore is, therefore the best place for establishing businesses with ease.
3. Efficient Tax System:
For any entrepreneur, tax is one of the key considerations while forming a business. Singapore has one of the lowest personal and corporate tax rates put into effect, making it an ideal destination for emerging businesses. Singapore also maintains one of the lowest Goods & Services Tax (GST) in the world.
4. Flexible Immigration Policies
The immigration policies adopted by the Singaporean government have helped foreign nationals to establish their businesses with ease. Should an entrepreneur need to relocate their business to Singapore or require hiring a foreign professional, the government has set easy and convenient work visa provisions to fulfill such requirements.
5. Good Quality of Life:
Most business entrepreneurs relocate their business to Singapore along with their family. For them, one of their major concerns is the quality of life the city has got to offer. Fortunately, Singapore offers great infrastructure, excellent public transportation facilities, safe and healthy environment, efficient education system and much more.
All in all, entrepreneurs can make no second thoughts for company registration in Singapore. Take advantage of what the Lion City has got to offer and take your business to great heights.
The author is an experienced business consultant in Singapore who has been assisting several clients in business formation in Singapore. He explains how Singapore is an ideal destination for prospective entrepreneurs to develop their ventures. Visit https://www.e-sandhurst.com