Singapore is an Asian country that offers one of the most attractive corporate tax and personal tax in the world.
For taxable profits more than S$300,000 in revenue, tax rate is fixed at only 17%. Dividends issued to shareholders are exempted from tax.
In order to maintain competitiveness, Singapore still adopts a broad-based consumption tax called Goods and Services Tax (GST), currently one of the world’s lowest rates and at 7% only, way below the global average VAT/GST of 16.5%.
Singapore is well-known for its pro-business environment. We always put emphasis that any business entity has to be set up properly and with good knowledge of Singapore’s prevailing policies. This is crucial as it may take at least 14 days to 2 months for any long term business and stay visa applications to be made for the client and then get other agencies to review for factual information and eventually for the authorities for final approval. A good consultant will provide hassle free consultation and incorporation services to the clients. Singapore has no restrictions on foreign ownership of business. Singapore is one of the best places to set up your business as the repatriation of profits and the import of capital are freely allowed.
Singapore is located in the heart of South-East Asia with accessible infrastructures and businessmen can easily travel and venture into other Asia countries from Singapore. With its internationally renowned airport, location and maritime centre, Singapore is a prime location where companies can easily venture to other parts of the World and especially South East Asia countries for business, investments and leisure activities.
TheAlpha is an international consulting firm specialising in providing business manpower, revenue generation and value-added services needs of your company.
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