There are a lot of different pros of doing business in Singapore. The first pro that comes when a business has to setup a Singapore company is that the business has the ability to pay lower taxes in Singapore than they would have to in other countries. A bvi company is not going to have to pay any capital gains and they will not have to pay taxes on the first 100,000.
The second pro when a business has to form a Singapore company is that Singapore is very well known for their very friendly immigration policies. This means that the people who own the company can get a entrepreneur pass and dependent pass for each one of their family members. But if the owners want to, they can apply for a permanent residence if they would like to live their permanently.
The third pro for the company registration in Singapore is that a company has the opportunity to deal with a lot less red tape in Singapore during the registration process. Singapore is one of the top countries when it comes to registering a company. They have very few rules involved in the process and they do everything that they can to make sure that these rules implemented into your registration.
The fourth pro with the process on a company formation in Singapore is that Singapore has a very stable society. This means that the company is never going to have to worry about losing any customers while the business is in Singapore. Singapore also has a stable political environment. Therefore, they have a very well established judicial system that comes with great corporate practices with their government.
The fifth pro for the nominee director of a company who is wanting to set up in Singapore is that Singapore has a great infrastructure. This means that Singapore is connected to all of the links that a company is going to need in order to have a successful company in Singapore. Plus the owners are going to be able to travel throughout the country without any issues because of their transmit systems, buses, and taxi cabs.
The sixth pro of a company incorporation in Singapore is that it is a great place to live. It has been rated the best place to live and work in for several years. This is because of the variety of cultures that live in Singapore that comes with a lot of different cuisines that the people of Singapore love. All of the people of Singapore have a lot of energy.
The seventh pro of an offshore company formation in Singapore is that there are not a lot of requirements that a company is going to need to do in order to set up their business in Singapore. These requirements include minimum of one shareholder, minimum of one director, a local company secretary that needs to be qualified, a registered Singapore address for the company, and a share capital of at least one dollar. Discover more details in moving and starting a business in Singapore.
In 2010, Singapore was ranked number one globally by the World Bank for its “Ease of Doing Busines”, Watch this video and find out more.