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a company in Singapore? We provide professional Singapore
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Singapore Business
Guide:
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Options for Foreign Individuals
As a foreign entrepreneur you can freely
incorporate a private limited company in Singapore.
100% foreign shareholding is allowed. If you plan to move to Singapore to be actively in your
company operations, you need to apply for entrepreneur visa
called EntrePass. If however you don't plan to move to
Singapore but just need to incorporate a
Singapore company, you will need our nominee
director service because at least of of the
directors has to be a local resident director.
To learn more about these topics, see:
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Singapore Company Incorporation
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EntrePass (Entrepreneur Visa)
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Singapore Permanent Residence
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Company Incorporation FAQs
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Our Ready-Made Packages
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Why Singapore?
Singapore
Advantage for Global Entrepreneurs
Singapore
consistently ranks as one of the top most competitive and
profitable places for business investors. Singapore today
is a reputable financial centre, a key regional trading centre,
the world's busiest port, and a top location for investments
and doing business.
A
further testimonial to Singapore's pro-business approach is the
latest introduction of further tax cuts and tax benefits that will
be available from YA 2008. For more details on this, refer to
New Tax
Benefits introduced for Singapore Companies in Budget 2007.
Singapore's safe, pro-business environment is
supported by a well-respected government with transparent and consistent
policies that protect companies' physical and IP investments.
|
Ranking Category |
Singapore
Ranking |
Source |
|
World’s most cost-competitive place for doing business |
1 |
KPMG
Competitive Alternatives Study, 2006 |
|
World’s easiest place to do business |
1 |
World Bank
report: "Doing Business 2007: How to Reform" |
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Minimum bureaucracy and red tape in Asia |
1 |
Political
and Economic Risk Consultancy, June 2006 |
|
World’s top globalized nations |
1 |
A.T.
Kearney/FOREIGN POLICY Magazine Globalization Index 2006 |
|
World’s freest economies |
2 |
The
Heritage Foundation, Index of Economic Freedom 2007 |
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Best labour force |
1 |
BERI's 2005
Labour Force Ranking |
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Corporate governance standards |
1 |
Political
and Economic Risk Consultancy, June 2006 |
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Asia’s
highest integrity government |
1 |
Political
and Economic Risk Consultancy, March 2006 |
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Top countries for investment potential worldwide |
2 |
BERI Report
August 2005 |
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Top 20 business environments worldwide |
6 |
The
Economist Intelligence Unit, in its Business Environment
Ranking (2006-2010) |
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Quality of air and transportation |
1 |
World
Competitiveness Yearbook 2006 |
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Most ‘Network Ready’ country worldwide |
2 |
Global
Information Technology Report 2005/06, World Economic Forum |
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E-readiness rankings worldwide |
13 |
Economist
Intelligence Unit, 2006 |
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Most technologically ready nation worldwide |
11 |
Global
Competitiveness Report 2006-2007 |
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Countries with the least restrictive immigration laws for
employing foreign workforce |
4 |
IMD World
Competitiveness Yearbook 2006 |
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Most attractive environment for highly-skilled foreigners |
2 |
IMD World
Competitiveness Yearbook 2005 |
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Most vital international air travel hubs |
4 |
National
Academy of Science, May 2005 |
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Overall competitiveness |
3 |
IMD World
Competitiveness Yearbook 2006 |
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Worldwide Nightlife/Dining |
2 |
Global
Country Brand Index, 2006 |
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Asia’s best
place to live, work, and play |
1 |
Mercer
Human Resource Consulting, 2005-2006 |
Related Topic: Details of incorporating a Singapore company
Related Topic:
EntrePass for foreign
entrepreneurs
Small and medium size enterprises (SMEs) are
critical to Singapore's economic success. There are more than 100,000
SMEs in Singapore, accounting for about 35% of the economy's value added
and more than 50% of the employment.
Singapore economy is based on free enterprise,
with no restrictions on foreign ownership of business. The repatriation
of profits and the import of capital are freely allowed. Singapore has
low corporate tax
rate compared to other leading economies in the world. A company is taxed at a flat rate on its chargeable income. With
effect from year 2005, the corporate tax rate has been reduced from
22% to 20%. Capital gains are not taxable.
There is minimum red-tape for doing business in
Singapore. The country is one of the top five least corrupt countries in the
world and least corrupt nation in Asia. Singapore has been consistently
ranked as one of the most competitive nations and best places for
business in the world.
Singapore has a well-developed infrastructure
that meets all the needs of business industry. Singapore is ranked as
one one of the top three countries in the world for its infrastructure
capabilities.
Singapore has signed free trade agreements (FTAs)
with many of the world leading economies including USA, Australia, EU,
India, and New Zealand. Such agreements help to improve market access
and create greater business and investment opportunities. They
help to build a network of strategic links for Singapore with different
parts of world.
Singapore has one of the highest literacy rates
in Asia, at above 94%. English is the most widely used language in
Singapore. All schools use English as the primary medium of instruction.
There are more than 30 schools catering to the educational needs of
expatriate communities.
Singapore is a major international air hub
served by more than 70 international airlines. Singapore's international
airport (Changi
Airport) is considered one of the best in the world.
Singapore is one of Asia's safest cities and
offers residents and visitors a wide range of entertainment, cultural
and lifestyle options. It's hard to beat Singapore for a lifestyle
that's both vibrant and comfortable. Everything works, and when
something does break down, it's fixed quickly. The people are friendly, helpful, and focused on achievement.
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