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Facts that Reveal the Benefits of Incorporating a Company in Singapore
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Posted On :
Dec-22-2017
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Article Word Count :
475
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Today, many global businesses choose Singapore as an ideal location to site their headquarters. What makes Singapore the most competitive Asian country and the easiest place to do business is their strong trade and investment policies.
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Today, many global businesses choose Singapore as an ideal location to site their headquarters. What makes Singapore the most competitive Asian country and the easiest place to do business is their strong trade and investment policies. The three major benefits of incorporating your company headquarters at Singapore are,
- Singapore’s network of over 50 comprehensive Double Taxation Avoidance Agreements.
- Free trade agreements and the Investment Guarantee Agreements.
- Strict enforcement of intellectual property laws to protect ideas and investments.
Here are a few benefits of company registration in Singapore.
Social and Political Benefits
- Singapore is a reputable, highly regulated, business jurisdiction and is not perceived as an offshore company in a tax haven.
- Singapore is the fifth least corrupt country by Transparency International behind Denmark, Finland, New Zealand and Sweden. This makes Singapore an ideal location for regional or global headquarters for many businesses.
- Opening your company in Singapore gives access to a highly competitive economy because it is consistently ranked as the world’s second-freest economy.
- The company registration process in Singapore is straightforward and affordable. Singapore is the world’s easiest place to do business, according to the World Bank’s Doing Business survey.
Tax Benefits
- For a newly incorporated company the corporate income tax rate is 0% on the first S$100,000 taxable income for each of the first three tax filing years.
- Partial tax exemption is available for all Singapore resident companies and this effectively translates to about 8.5% tax rate on taxable income of up to S$300,000 per annum.
- The normal headline taxable rate is 17% and is charged for taxable income above S$300,000.
- Singapore companies enjoy comprehensive double taxation treaties with 62 countries including major trading jurisdictions.
- Because of the above tax relaxations, Singapore has been voted as having the least burdensome taxes in the world.
Infrastructural and Technological Benefits
- Singapore is well equipped in terms of telecommunications, public transportation, and technology and hence considered as one of the modern cities in Asia.
- Singapore ranks highest in Asia in terms of infrastructure rankings, according to a survey by Mercer Human Resources in Quality of Life.
Law and Government
- Singapore is considered to be an excellent place to register intellectual properties such as global trademarks and patents.
- According to the United Nations Conference on Trade and Development, business-friendly Singapore is the third-largest recipient of foreign direct investment in Asia.
Compared to any other Asian region, Singapore has much to offer and serve as an international business hub. Visit https://e-sandhurst.com for Singapore company registration.
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Article Source :
http://www.articleseen.com/Article_Facts that Reveal the Benefits of Incorporating a Company in Singapore_321152.aspx
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Author Resource :
The author of this article is an expert in Singapore company registration. In this article, he writes about the benefits of incorporating a business in Singapore. Visit https://www.e-sandhurst.com for more information.
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Keywords :
company registration in Singapore, Singapore company registration,
Category :
Business
:
Business
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