Forum
Last updated: 

What is Singapore's Business environment?

I want to start a business in Singapore and I want to know the business environment. A lot of business owners are atracted to making business in Singapore and i want to know the reason why. A lot of business owners makes it seem very easy to start a business in Singapore and i think it is because of the environment there which makes me want to know more.

User comments

  • user image

    No Name

    Singapore held a decade-long place at the very top of the World Bank’s list of the easiest places to do business up until last 2016. It is easy to start a business in Singapore because because there is an abundant number of business opportunities for both locals and foreigners. The income tax rate for companies that are based there is 17%. However, these businesses are only expected to pay tax if their taxable income exceeds S$300,000

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

What are Stocks?

What are the different SmartPhone devices that I need to start a business using my smartphone?

How should I invest on my medical supplements using a credit card?

WHat is the cheapest unlimited mobile data plan in Singapore?

I'm looking for an unlimited mobile data plan that is cheap and reliable. I already have one which offers me Unlimited data and unlimited call and SMS but I'm currently on a budget and I don;t really call or send SMS so I'm looking for a low priced but reliable unlimited mobile data plan with adequate speed.

What is the cheapest sim only plan in Singapore that provides data, calls and SMS?

What will happen if a foreigner borrows money from unlicensed money lenders?

Related Reviews

Emergency legal and medical assistance

Seldom would you find a card that has your best interest at heart as the AMEX Express Platinum Reserve Credit Card with its Emergency legal and medical assistance even when you are anywhere in the world. You can enjoy privileges around the globe with Live the World and American Express with all round protection against accidental damage or theft for your purchases.

American Express Platinum Reserve Credit Card / American Express International

5% year-round cash rebates on dining, groceries, petrol and more

For me nothing beats the 5% year-round cash rebates on dining, groceries, petrol and transport (that is taxis, ride hailing, trains and buses inclusive), locally and overseas when you spend minimum S$600 per month. And the cash rebate is capped at S$150 per month. So if you don’t drive, not to worry as you can enjoy 5% cash rebate for your transportation needs, be it a taxi ride, a booking made via ride hailing apps, or trains/buses.

HSBC Premier MasterCard / HSBC Bank Singapore

I can enjoy Interest rates starting from 5.80% p.a.

I love that I can enjoy Interest rates starting from 5.80% p.a. (EIR 11.38% p.a.) on their 12-month instalment plan which allows for fixed monthly repayments.The monthly repayment for your Cash-on-Instalments is fixed, allowing you to manage your finances with ease of mind. That works perfect for me as it helps me to be more organized and I give them thumbs up.

NTUC Plus! Visa Credit Card / Oversea-Chinese Banking Corporation

Poor Customer Service

I am quite very disappointed with this card as I have never received the vouchers for all the points I have accumulated so far. I have on several occasions made complaints via the phone and even in person, but all to no avail. I would not recommend this card to anyone for this reason, i have to say unfortunately.

Citi Rewards Card / Citibank Singapore

Fantastic Rewards

A 5% cash rebate on fuel purchases and a 16% instant discount is a great deal for me I must say, the HSBC VISA Platinum Credit Card indeed makes driving more fun for me as i always look forward to the 16% instant discount plus 5% cash rebate on all fuel spend at Caltex and Shell stations

HSBC VISA Platinum Credit Card

Earn up to 1% rebate on your purchase

If you target to spend on major event tickets and high price items with the plan to split by instalment then this card is for you. However I notice that if you have an existing OCBC saving account, it makes bill payments much more seamless. And aside from being able to split payment into monthly instalments interest free, you can earn up to 1% rebate on your purchase. Only few cards in the market that allow auto convert spending into interest free instalment and still be entitled to 0.5% or 1% cash rebate.

OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation