Forum
Last updated: 

What are the benefits in starting a business in Singapore?

I want to start a business in Singapore as it is regarded as the best. How would starting a business in Singapore benefit my business? What are the reasons to why I should start a business in Singapore? How much of a boost will my business get if I start my business in Singapore and what are there risks to this?

User comments

  • user image

    No Name

    Starting any kind of business is a risk but starting one in Singapore reduces those risks and turns them into opportunities. Singapore has a very robust economy with low tax and minimal corruption. Singapore also has low unemployment, low inflation and a very stable government. The maximum personal tax rate is 20% and the maximum tax rate for companies is 7% which is a good deal since the company gets to keep more of its profit. The infrastructure is great and a key component in any business is a strategically strong geographical location where Singapore is currently located. There are many more factors to consider but almost all leading to the positive direction.

    2020.03.24 15:44
  • user image

    No Name

    I think the biggest benefit is the low tax rate. Singapore has some of the lowest personal and corporate income tax rates in the world.

    2020.05.12 5:19

Please leave your knowledge and opinion!

Related Forums

Should I be using a time tracking software?

Why is it good to start a business in Singapore?

How to set-up a mobile office?

What are the best payment apps for SmartPhones?

Should I make a mobile app for my business?

What are the best financing and accounting apps for SmartPhones ?