Registration Of Company In Singapore
A Quick Look At The Registration Of Company In Singapore
The Merlion, scores of 5-star hotels, resorts, and casinos, and a highly developed economy, these are just a few of the things that immediately come to mind when thinking about the country of Singapore. But the thing that really defines this economic superpower of a country, is how it turned its limitations into the driving force behind its rise to being one of the top countries in Asia.
Registration Of Company In Singapore, Turning Limitations Into Advantages
This so-called “limitation” is the fact that Singapore is a fairly small territory, with only 694 square kilometers of land to work with, the odds were clearly stacked against it. But this did not stop this tiny nation from looking for ways to improve its situation and oddly enough, its geographic makeup also played a key role in its rise to power.
This is because the country’s location placed it right smack in the middle of busy trading routes, making it a melting pot of various cultures and races and turning the country into a major trading capital in the region.
Benefits Of Registration Of Company In Singapore
The country’s leaders recognized this unique situation as something that should be developed further and capitalized on. This led to the country’s very welcoming attitude towards businesses and investors, and as a result, the registration of company in Singapore became a highly attractive prospect for countless businessmen and women in and around the region.
The country’s low headline corporate tax rate is the main reason why a good number of investors are constantly knocking on its doors to have their business set up amidst its very favourable economy, but there are a thousand and one more reasons why Singapore is the place to be when it comes to building a business.
This includes the various tax benefits and exemptions awarded to new companies, the business-oriented standpoint of the entire country, and the fact that the country is one of the least corrupt places in the entire planet, which means that investors don’t have to worry about excessive red tape and “under the table” dealings that are common in other countries.