Why set up a business in Singapore?

Many international companies operate their businesses in Singapore because Singapore is ranked as one of the top location to run a business.

With a stable political environment, business owners enjoy benefits like attractive corporate tax rates, availability of funding, talented workforce and flexibly immigration policies for foreign workers. These are the reasons why business owners choose to operate their businesses in Singapore:

  • Singapore is rated #1 as the most politically stable country in Asia
  • Singapore is rated #1 as the best labor force in the world
  • Singapore is rated #1 in Asia for quality of life
  • Corporate tax rates is a flat 17%
  • There are no dividend or capital gains taxes in Singapore
  • Personal tax rates start at 0% and max out at 20%

Credits: Guidemesingapore