Singapore’s Strategic Location

Strategic location at its finest. That is what the Republic of Singapore has to offer. Its favourable location has allowed it great connectivity to key markets in the region, such as China, India, Vietnam, Thailand, Japan, Australia and Malaysia.

Over the years, Singapore has strengthened its foothold on Asian maritime trading. In fact, Singapore is home to the world’s busiest port in terms of shipping, cargo and container throughput. There are two terminal operators in Singapore: The PSA Corporation and Jurong Port. The PSA Corporation alone handles approximately one-fifth of the world’s total container transhipment throughput. Singapore also ranks as the world's top bunkering port.

When it comes to air transport, Singapore’s Changi Airport is recognized worldwide, having accumulated more than 250 awards during the course of its operations. Changi Airport has 80 airlines that serve more than 180 cities in over 50 countries. It is considered as a chief aviation hub in the Asia Pacific Region, with an annual handling capacity of more than 70 million passengers.

Singapore’s Pro-business Government Policies

After attaining its independence in 1965, Singapore was plagued with problems. Two of which were an apparent lack of physical resources, and a small domestic market. The Singapore Government immediately responded to this crisis by adopting a pro-business, pro-foreign investment and export oriented economic policy framework. The government then combined these with state-directed investments in strategic government owned corporations. The Singapore Government’s strategy proved to be a success. From 1960 to 1990s, Singapore produced real growth that averaged 8.0%.

To date, Singapore continues to adopt a pro-business environment.

One of these pro-business manifestations is in Singapore’s company formation process. Singapore company registration can take only one to two days. The government plays its part by providing assistance for Singapore residents or non-residents who wish to set up companies in Singapore.

Second, Singapore encourages innovation and artistry and provides adequate protection for its inventors and artists. For example, here in Singapore, an author automatically enjoys copyright protection as he creates or expresses his work in tangible form.

Singapore’s Appealing Taxation Scheme

Singapore boasts of one of the lowest corporate tax rates in the world. Doing business in Singapore is fairly easy because Singapore offers tax schemes and incentives to help companies expand their business.

The Singapore Government implemented a full tax exemption for newly incorporated companies. In fact, a full tax exemption is granted on the first S$100,000 of certain qualified new Singapore companies’ chargeable net income for the first three years of its operations.

In Singapore, capital gains are not subject to taxation.

In an effort to promote a more competitive economy, Singapore adopted a consumption tax called the Goods and Services Tax (GST). Singapore’s current GST is 7% -- one of the lowest GST rates in the Asia Pacific region.

Efficient Transportation and Communication Services

Singapore’s telecommunication and internet facilities are highly advanced and state of the art. Radio and television stations in Singapore are either government owned or government linked, thus resulting in these to being effectively monitored. The print media offers newspapers in various languages – English, Chinese, Malay, and Tamil. Singapore has four major Internet Service Providers (ISP), these are SingNet, StarHub Internet, PacNet and MobileOne.

Getting around the island of Singapore is easy and affordable as it has an efficient public transportation network. For business meetings, luncheons or occasional leisurely tours, you can go around by taxi, bus or Light Rail Transit (LRT) or the enormous Mass Rapid Transit (MRT) rail system.

Singapore’s Clean and Transparent Governance

Singapore has a largely corruption-free, proactive and transparent government. Its political infrastructure is sturdy, rational and pro-business. Its proactive and pro-business approach is evident in the government programmes set up in the wake of economic crises.

The Singapore government is very transparent and aims to conduct all dealings with transparency and integrity. Efficiency and effectiveness is often stressed.

Excellent Quality of Life

Relocating to Singapore will be easy for you and for your family. Here are good reasons why migrating to Singapore is trouble-free:

1. Singapore is a highly-proficient English-speaking country. Thus, communication is not a barrier when it comes to your daily dealings.
2. Singapore offers diversity – in both culture and people. The Singaporean lifestyle is both multi-cultural and cosmopolitan.
3. Singapore, despite being a small island, is relatively safe as it does not face threats of volcano eruptions, hurricanes or earthquakes.
4. Singapore is a highly advanced society. Thus, you can expect most people and business establishments to be IT or gadget savvy.
5. Singapore offers one of the best health and nutrition programmes in the region.
6. Singapore’s education system is highly esteemed worldwide due to its emphasis on math and sciences.

Are you ready to pack your bags and relocate to Singapore? You may check out our ready made Express Packages for an easy and convenient Singapore company incorporation and migration process.

For further enquiries, contact us, and we will gladly serve you.