Singapore Company Incorporation, Make the Most of Opportunity

02/12/2018

If you are thinking of a Singapore company incorporation, let me ask you a question. What do you know about Singapore Inc? Well, first of all, it is not a company. The term is well-meant and used to describe the professionalism in Singapore. It aptly describes how this country is run by its authorities.

Rest assured, you have chosen well. The World Bank lists it as the easiest place to do business in. During the last few decades, Singapore has come up as the most favorite business destination for the entrepreneurs and multinationals. Go ahead with your planning and get your Singapore business incorporation without delay.

Singapore Company Incorporation Services

Singapore company incorporation services are the most helpful entities that can simplify your task. A few of these firms provide combo incorporation packages for as less as S$699. The beauty of these packages is that you only pay for one service and get registered local office address and company secretary services for FREE for the first year.

You may like to choose one of the cheaper options to incorporate your company in Singapore. However, the free services provided by combo packages are essential. Without them, the registration of a Singaporean company is not complete, which means if you buy them separately you actually end up paying more money.

Singapore Business Incorporation, the Right Choice

Choosing to incorporate a company in Singapore is a wise decision. The Forbes Magazine has described this place as the 'Zurich of the East.' The innovation and the sheer hard work has transformed this city-state into the most thriving business hub. Here, you can expect to find a well-established business environment.

Incorporate a Company in Singapore? Is it the Right Place?

In its 'Ease of Doing Business Report 2017,' the World Bank has ranked Singapore at 2nd place. And it has occupied the top spot for the previous ten years consecutively. It is no wonder the entrepreneurs and corporates from all over the globe dream about incorporating a company in Singapore.

It also easy to Register a business in Singapore. In most of the cases, it takes only a day or two to do so. There, literally, is no corruption or the bureaucratic red-tape to stop or delaying you from doing so. Moreover, the country has transparent laws and a well-built support system for the startups.

Benefits for Singapore Startups

The lower tax rate is one of the attractive parts of the Singapore business incorporation. The country also does not apply inheritance or capital gains tax which, in turn, attracts investors and FDI. Its authorities support startups by offering a highly attractive tax exemption scheme. They have funding, accelerator, incubator, startup schemes for these entities. They also have tax exemption, rebates, and schemes for the existing companies. The aim is to lower their operating costs.

Also Read: How Small Businesses Get Impacted by the Corporate Tax Singapore?

Singapore authorities really believe in their SME sector. It employs nearly two-thirds of the workforce. They do their best to support these entities at every stage of their lifecycle. The SMEs can count on these schemes and programs to upgrade to innovative technology or equipment, skill development of its staff, research & development, etc. For an entrepreneur having innovative ideas, a Singapore company incorporation is the right career choice.

Contact us:
SBS Consulting Pte Ltd
High Street Center,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: +65-6536 0036
Email: info@sbsgroup.com.sg