Singapore has become a popular destination for incorporating businesses, especially for startups and international companies. Here are some of the key reasons why:
- Easy Setup & Low Taxes: Streamlined incorporation, flat 17% corporate tax rate, and tax breaks for startups make Singapore business-friendly.
- Strategic Hub: Ideal location for accessing Asian markets with strong political and economic stability.
- Access to Talent and Funding: Singapore has a highly skilled and educated workforce. Additionally, the government provides various grants and programs to support startups and entrepreneurs.
- World-Class Infrastructure: Singapore boasts excellent infrastructure, including a modern transportation network, reliable communication systems, and advanced technological facilities.
- Openness to Foreign Ownership: Unlike many countries, Singapore allows 100% foreign ownership of companies, making it attractive to international investors.