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Benefits of Setting up Business in Singapore

Update Date:2016-4-4 9:01:05 Source:Tannet (Malaysia) Sdn Bhd Views:633

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Known for its pro-business environment, one can easily turn ideas into business and achieve significant profits in Singapore. As Singapore is situated in the heart of South-East Asia, entrepreneurs can easily venture into other Asia countries. The port is one of the busiest in the world and the country is classified as a premier International Maritime Centre (IMC). With its international airport, location and maritime center, Singapore is a prime location where businesses can easily venture out into other ASEAN countries for investments.

-Singapore is rated #1 in the world by World Bank for ease of doing business

-Singapore is ranked the third wealthiest nation in the world by Forbes magazine.

-Singapore has been ranked as the third most globalized economy among 60 of the world’s largest economies in the recently released Ernst and Young 2011 Globalization Index

-Singapore is rated #1 as the most politically stable country in Asia

-Singapore is rated #1 as the best labor force in the world

-Singapore is rated #1 in Asia for quality of life

-Corporate tax rates are about 8.5% up to $300K profits and a flat 17% above that

-There are no dividend or capital gains taxes in Singapore

-There is no estate/death/inheritance tax in Singapore

-Personal tax rates start at 0% and max out at 20% above $320K

 

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