Singapore is a global business hub that offers the most conducive environment for businesses to thrive. Company formation in Singapore doesn’t involve any unwanted complexities. Following a simple process, you can start your business in this country. What are the most prominent reasons that make company formation in Singapore a wise decision?
Situated in the heart of Southeast Asia, Singapore is a strategic location with excellent connectivity. Close proximity to emerging markets of China and India is an added advantage. At the Changi International Airport, around 80 international airlines operate flights to more than 330 cities in different parts of the world.
Singapore is the number one country in Asia in terms of logistics performance. Excellent seaport infrastructure is another aspect that makes company formation in Singapore a wise decision. When it comes to assessing telecommunication and information technology, this country is the best choice in Asia. With a broadband network that reaches 99% of the population, Singapore creates a highly reliable communication and information network for businesses.
World Bank’s Ease of Doing Business 2020 report shows that Singapore ranks second in the world. Easy business set-up processes, outstanding infrastructure, and the best IP protection create an ideal ecosystem for businesses. Other advantages include a triple-A-rated economy and a stable location for business investments.
Attractive tax frameworks play a vital role in making this country an investment-friendly destination. Extensive trade agreements signed by the Singapore government facilitate business and trading across borders efficiently. A stable political environment provides entrepreneurs a much-needed sense of security and comfort.
Business owners have easy access to a highly efficient and skilled local talent pool. With the best education policies and continuous training programs, this country produces a workforce of exceptional talent and discipline. All these advantages easily make company formation in Singapore a wise decision. The bottom line is that Singapore offers a perfectly suitable environment for business investments.