Wednesday, September 7, 2011

Company Registration Singapore - Why You Should Invest in Singapore

Singapore is a small city and it is a small country as well. But its size is not to be misunderstood as being too small to invest in. In fact, Singapore is a first world country - meaning it is well developed and the economy is doing really good. Location wise, Singapore is in the center of everything in Asia. Most of the ASEAN (Association of East Asian Nations) are near Singapore and all the major airline companies have direct flights from all over the world to Singapore. They are not a major shipping hub for nothing. Singapore has everything actually from the ground to the air to the sea all the Multi-National Companies have their headquarters in Singapore. If these are not solid testaments of how good it is to have a company registration in Singapore I don't know what is.

The government is encouraging business people to invest in Singapore. Whether you are a micro industry or a multinational company, they welcome your company registration in Singapore. Just to entice the business owners to invest in the Singapore, they give full tax exemption on the first three years to newly registered businesses who earned from S$0- S$100,000. For profits beyond that, they will just impose the lowest corporate tax rates that one can find in the region. These rates range from 8.5% - 17% depending on how much you profited.

In terms of governance and stability in their political system, Singapore is faring really well. They have the work force that is qualified for every job requirement that your company may need. That is why a registration of a Singapore company is one of the best moves a businessman will have if he wants to expand his business.