Why is Singapore a great place to incorporate a company?

-> Singapore offers unmatched penetration options to gain recognition and reputation in international markets with its strong economic fundamentals and pro-business base.

-> Singapore is said to have the lowest corporate tax rates (17%) compared to other business-friendly cities.

-> Along with this, Singapore also offers unbeatable tax rebates, benefits and business incentives, ensuring Singapore-based foreign companies have to spend less on taxes and invest more in business to do better.

-> Singapore is a small island nation, reaching almost all Asian markets is easier and cheaper. Located at the center of ASEAN (Association of Southeast Asian Nations) and developed in network and connectivity by road, sea and air, it takes no more than seven hours to reach the huge population of ASEAN from any port in Singapore. According to the Leading Maritime Center, Singapore has one of the busiest ports in the world.

-> Singapore, apart from having its own culture, has accepted and fostered cultures of different nations and races. Without a doubt, Singapore is a destination where East meets West in a true and luxurious way.

-> Singapore, in addition to offering a favorable business environment, also offers flexible immigration policies, skilled and hard-working workforce, high-tech and cutting-edge infrastructure, subtle yet high quality of life, an efficient legal system, and finally, Singapore It has a stable and supportive government.

Resume: Over the years, Singapore has been successful in developing a business-focused environment. Furthermore, Singapore aims to provide equal and easy opportunities for all entrepreneurial minded people to transform their ideas into lucrative ventures with relative ease. It takes almost 1-2 days to incorporate a company in Singapore. Incorporation firms like SBS consultancy and various government bodies are always helpful and supportive in all aspects of business incorporation in Singapore.

Awards and rewards won by Singapore praising its business-friendly environment

-> According to the World Economic Forum’s Global Competitiveness Report 2014-2015, for the fourth consecutive year Singapore maintains its second overall position. Of the 12 pillars on which this ranking is based, Singapore is the only country that has appeared in the top 3 positions in almost seven pillars. Topping the Goods Market Efficiency pillar and places, and claiming the second position in the Labor Market Efficiency and Financial Market Development pillars, Singapore ranks after Hong Kong SAR in delivering world-class infrastructure with excellent roads, ports and air transport facilities.

-> According to the Asian Risks Report 2010 by Political and Economic Risks Consultancy, Singapore is ranked second for having the most stable government and well-developed national institutions with professional staff to operate legally and without any kind of political interference.

-> According to the latest MyExpatriate Market Pay Survey by Human Resources and Relocation Consultancy ECA International, Singapore is the sixth most expensive city in Asia to hire expatriates. On average, the overall middle management package costs about $257,000 per year. Remember that the expat package includes all cash salary, taxes and benefits. Taxes and benefits usually consist of accommodation, international schools, public services like cars, etc.

-> According to Mercer HR Consulting survey conducted in 2014, Singapore is ranked as the second most expensive city in the Asia Pacific region after Hong Kong. In addition, the 2014 Mercer survey also states that it is the city that offers the best quality of life in the Asia Pacific region.

-> IMD’s World Competitiveness Yearbook 2014 ranked Singapore 3rd for overall competitiveness. Remember that a country cannot scale a competitiveness index based on some magic recipe; in fact, a lot depends on your local context. Exports, business efficiency, innovation, and strong government policies to stimulate the economy and business environment have helped Singapore improve its international image and subsequently rank third among the world’s 60 most powerful economies.

-> According to the Heritage Foundation’s Index of Economic Freedom, Singapore’s economic score for the year 2014 is 89.4 (same as 2013) making it the country with the second lowest indexed economy for the year 2015. The management of the public spending has increased, monetary freedom and labor freedom have not changed, while freedom from corruption is decreasing slightly. Leader Hong Kong is ahead by just 0.2 points, yet claiming a second position out of 42 countries in Asia Pacific economies is sure news to celebrate.