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Singapore offers the ideal environment for company incorporation
and branch office expansions. In spite of the current economic
weaknesses exhibited by other countries, the
Singapore economy continues to show a great deal of strength as
we enter 2012. A recent study affirmed what many companies already
know – Singapore maintains its firm grip on the top
position in a ranking of the world's best business
environments.
The World Bank survey rated
leading world economies on a number of criteria, from the ease of
starting a business, to tax and contributions burden on a medium
size firm. Singapore ranked first for the quality of its overall
business environment, and came in fourth place for its taxation
policies. Singapore businesses pay an overall tax rate that places
it among the lowest for any world economy. Even more impressive,
Singapore businesses spend only 84 hours each year preparing taxes,
far less than the number of hours spent by other countries,
including those in the East Asia and Pacific regions.
That's why business owners, entrepreneurs and CEOs are
placing Singapore at the top of the list when deciding where to
expand their businesses globally.
Setting up a Singapore company or
setting up a Singapore branch office is indeed a calculated
risk that could yield great benefits for international corporations
and entrepreneurs. When considering a new location for the
incorporation of your company, there are many reasons to say
consider Singapore, one more impressive than the next. They
include:
Singapore is ranked first in the world as the city with the
best investment potential
Singapore ranks in the top 3 in foreign trade and
investment
Singapore is the best business environment in the Asia Pacific
region and worldwide
Singapore is Asia's most 'network ready'
country
Singapore supports the protection of intellectual property,
especially important in the 21st century economy
That's why so many businesses have already made Singapore
their preferred location for the incorporation of their companies,
and made Singapore branch office registration a top priority.
Whether you are a CEO or COO contemplating a major operational
change, or an entrepreneur considering whether to make Singapore
the location where you will setup your company, statistics support
that choosing Singapore could be the best business decision you
will make this year.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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