Why choose Singapore? Singapore has earned a reputation as one of the best places in the world to live, work and do business. From its strategic location in Southeast Asia to its strong economy, efficient infrastructure and pro-business environment, the country continues to attract entrepreneurs, investors and professionals seeking long-term growth. In this guide, we highlight the key reasons why Singapore remains a top destination for business and investment.
Strategic location
Singapore is strategically located at the heart of Southeast Asia, offering businesses access to a market of over 600 million people. As a leading global financial hub that attracts and connects international companies, Singapore plays a vital role for those looking to expand their regional or global presence. Additionally, with one of the world’s busiest ports situated on key international trade and shipping routes, Singapore serves as a premier international maritime center. For entrepreneurs and companies alike, now is an ideal time to start a business in Singapore and leverage these strategic advantages.
Robust economy
Singapore has established a reputation as one of the world’s most advanced economies. Despite its limited domestic market and absence of natural resources, Singapore navigated through the financial crises of 1997 and 2008 with resilience. Today, its economy is among the most stable globally, characterized by no foreign debt, substantial government revenue, and a steady current account surplus.
Quality Care
Singapore is renowned for its advanced medical technology and well-maintained facilities, offering high standards of care through a sophisticated healthcare infrastructure.
Singapore transport system exemplifies efficiency and innovation, effectively supporting residents and visitors while addressing environmental and congestion concerns.
Singapore’s political stability, low corruption rates, and minimal crime provides a secure and reliable environment for all people.
Pro-business environment
Singapore is renowned for its business-friendly environment, attracting substantial foreign investment. Consistently ranked among the easiest countries in the world to establish and operate a business, it allows local corporations to be fully foreign-owned. Parent companies establishing subsidiaries in Singapore can also enjoy the benefits of incorporation in the country. For entrepreneurs and investors, this makes it an ideal destination to start a business in Singapore.
Attractive tax regime
Singapore provides several distinct advantages for businesses, including low effective personal and corporate tax rates. The corporate tax rate is capped at a flat 17% on taxable income, while new companies can access exemptions and incentives that further reduce their effective tax burden. Moreover, Singapore imposes no capital gains tax and uses a single-tier tax system, ensuring that dividends distributed to shareholders are tax-free once taxed at the corporate level. These benefits make it an attractive destination to start a business in Singapore.
Efficient legal system
Singapore’s legal system, influenced by English common law and best practices from other established legal frameworks, is globally acknowledged for its efficiency and integrity. The country’s commercial legal system is esteemed for its fairness and impartiality, making it a preferred venue for dispute resolution, including mediation, arbitration, and trials in Southeast Asia.
Skilled and multilingual workforce
Singapore features a top-tier and efficient workforce, crucial for business success. The country has implemented ongoing training programs to equip workers for future challenges. Known for its multiracial society, Singapore’s diverse population provides the ability to deliver workforce solutions with multilingual and multicultural expertise
Flexible immigration policies
Singapore offers a range of visa options for eligible entrepreneurs and professionals. The government is committed to attracting foreign investments and enhancing its local workforce with top-tier talent from around the world, aligning with its flexible immigration policies. Entrepreneurs needing to relocate to Singapore to manage their business or hire international professionals can benefit from various established work visa categories.
Comprehensive intellectual property protection
Singapore offers a strong intellectual property (IP) rights framework supported by a reliable legal system and robust IP infrastructure. The government’s IP policy is designed to foster innovation, creativity, and the growth of industry and commerce within the country. Beyond registering a trademark in Singapore, businesses can also apply for global trademark registration locally, as Singapore is a member of key IP conventions and treaties, including the Patent Cooperation Treaty and the Paris Convention.
