Incorporate in Singapore

Singapore is the largest port in Southeast Asia and one of the busiest in the world. Despite the relatively short history of the country, there’s surely reason to believe that Singapore is an attractive destination to incorporate a company.?Economically, financially, socially, and considering the location aspect of Singapore, there are countless benefits to incorporate in Singapore.

Avoidance of double taxation

Tax, it is one of the major factors when it comes to incorporating in Singapore. When incorporated in Singapore, there’s no tax on capital gains or on dividends received from a business. This puts companies in a great position to maximize the profit. Other than double taxation, there’s more tax benefits such as tax credit pooling, unilateral tax credit, and reduced withholding tax on foreign-sourced income.

Government support for startups

Government’s support can’t be ignored as it plays a big part in incorporation in Singapore. As mentioned when introducing tax benefits, there’s 74 DTAs (Double Tax Agreements) from the government along with 41 IGAs (Investment Guarantee Agreements) which is the support that especially startup companies can utilise and 26 FTA/EPAs (Free Trade Agreement/ Economic Partnership Agreement) which makes partnership or collaboration which companies in other countries more feasible and approachable.?

Location benefit (easy to collaborate with other Asian countries)

Location of Singapore provides an efficient business environment. Singapore is situated in the heart of Southeast Asia, making it possible for your business to access a market of 2.8 billion people within a few hours flight. Singapore’s Changi Airport serves over 15 million passengers annually. The airport’s emphasis on competitiveness, efficiency and service have helped make it the “Best Airport in the World” for 20 consecutive years. A hub in the Asia-Pacific region, Singapore’s Changi Airport provides businesses with easy access to all major Asian markets.

As such, Singapore has numerous advantages when it comes to incorporating business. It is important to highlight that despite these opportunities, to follow up with action in practice, there will be several guidance needed. Follow us for more information!#incorporation #Singapore #startup #startupbusiness #business #southeastasia?