| Why Set Up a Business in Singapore? | | | | Singapore offers low effective personal and corporate |
| Many people consider relocating to Singapore because | | | | tax rates. The Personal income tax has a tier |
| of its political climate, pro-business environment, cultural | | | | system that starts from 3.5% and up to 20% for |
| atmosphere, health and education system, public | | | | those with income above $S320,000. |
| service and infrastructure, and natural environment. | | | | Effective corporate tax rate for Singapore private |
| Foreign investors and entrepreneurs are setting up | | | | limited companies with profits of up to S$300,000 per |
| businesses in Singapore because it is a doorway to | | | | annum is less than 9%. While those with profits of up |
| almost all of the Asian markets. | | | | to S$300,000 have a 17% tax rate. |
| Here is a checklist that will help you in your decision on | | | | Singapore’s single-tier tax policy provides that once |
| setting up a business in Singapore: | | | | the income has been taxed at the corporate level, the |
| Factors | | | | dividends can be dispersed to shareholders free of |
| What Singapore Has to Offer | | | | taxation. |
| Strategic Location | | | | Furthermore, Singapore has one of the lowest Goods |
| Singapore is easily accessible by air or by sea. | | | | and Services Tax (GST) rates, which is only 7%. |
| Singapore's port is one of the busiest in the world. | | | | Infrastructure |
| The Changi Airport allows you to connect to over 180 | | | | The infrastructure of Singapore is highly advanced. |
| cities worldwide. Incorporating a Singapore business | | | | Singapore’s physical and research infrastructure |
| entity is a smart move since the location allows you an | | | | helps make setting up your Singapore business |
| easy geographic access to all premier Asian markets. | | | | uncomplicated. |
| Diverse Cultures | | | | Free Trade Agreements |
| Setting up a business in Singapore allows you to cater | | | | FTA's or Free Trade Agreements allows you and |
| to many cultures, and thus, a wider market. | | | | your business to enjoy benefits such as tariff |
| Stable Legal System | | | | concessions, exclusive access to certain sectors, |
| Singapore has an efficient, transparent and sound legal | | | | speed market entry and Intellectual Property (IP) |
| system. | | | | protection. |
| Good Governance | | | | Work Force |
| Singapore has a stable, pragmatic, rational and | | | | The work-force of Singapore is competitive, |
| proactive government. You can be assured that | | | | productive and meets world-class standards. Its |
| setting up a Singapore business entity will not involve | | | | work-force is known for its high educational level, |
| red-tape or bureaucratic delays. | | | | excellent output, proficiency, industriousness, |
| Liberal Immigration Policies | | | | professionalism and technology-savvy culture. |
| The liberal Singapore immigration policies allow for an | | | | To cater to people who wish to migrate, Singapore |
| easy relocation of foreigners who want to set up their | | | | presents different options for migration. These are: |
| businesses in Singapore. | | | | 1. Migration to Singapore using the Employment Pass |
| Pro-business atmosphere | | | | (EP); |
| Singapore is known for its attractive schemes for | | | | 2. Migration to Singapore using the EntrePass |
| foreign entrepreneurs. Setting up and doing business | | | | (Entrepreneur Pass); |
| in Singapore is easy. It will only take you 1 to 2 days | | | | 3. Migration to Singapore using the MAS Scheme; and |
| to incorporate a business in Singapore. | | | | 4. Migration to Singapore using the EDB Scheme. |
| Attractive Tax Schemes | | | | |