Is Singapore the right place to start a business?
When seeking the perfect location to open an enterprise, Singapore comes as a reliable choice. More entrepreneurs have started to choose this place to register their company, after analyzing a few important factors. Regardless of the profile of your emperies, or the particularities of your business domain, thinking more about selecting Singapore is a good idea. Why is Singapore so popular among entrepreneurs? What does this location offer you? The following aspects are the ones that increase the appeal of Singapore for a business start-ups:
Simple business registration process
The first thing you should know about this location, in regards to opening a business, is the registration process required. Singapore is known for implying the easiest of steps when it comes to starting an enterprise, making things as convenient as possible for entrepreneurs. Once you search what a standard Singapore company incorporation involves, you will be pleasantly surprised to discover the simplicity behind the process.
Business friendly environment
Researching the business environment of a place is essential before actually opening a company. You need to find out if the industry there is actually fluctuating in a positive way, and if your prospective gains are actually worth the effort. Well, Singapore will not disappoint you in this department. Being rated as one of the most reliable and safe choices in terms of infrastructure, IP processes and ease of doing business, the stable economy will be perfect for investments and future expansion. The level of business friendliness its environment offers is one that will immediately catch your interest. The odds of achieving the level of success desired are higher in Singapore than in other places around the world, so you will be starting out on the right foot.
You probably know by now that Singapore is where top companies around the world have their headquarters. Being in close proximity to India and China’s emerging markets, and having 80 international airlines with connections to all big cities across the globe, the country will certainly stand at your disposal with the strategic location you desire to handle effective business relations and strategies.
Last but not least, when researching the topic more thoroughly, you will discover that Singapore excels in terms of tax benefits. With over 21 free trade agreements, the barrier that is usually linked to business trade activities are minimized. Dividends and capital gains taxes are also not something entrepreneurs in Singapore don’t have worry about, detail that is certainly appealing, considering the large amount of money that usually goes on taxes of this kind.
Opening a business can quickly become challenging, involving a long list of responsibilities. Choosing a location is one of the most important first decisions you will have to make, and you will need to think through serval details to figure out if the option you are considering is the best one for you or not. As you can see, after analyzing the information above, Singapore is one of the options that need your attention.