Singapore is an attractive place of people who want to start a business. It is one of the places in the world where foreigners are accepted to live and do business. If you’re going to join the Asian business market, Singapore might be your best bet. This island attracts investors from different parts of the world for good reasons.
The country has set regulations that make doing business easy and versatile. If you are planning to start a business in Singapore, you are making a smart choice. Here are some reasons why starting a business in Singapore is the way to go:
Easy to Get a Work Visa
The limiting factor that comes with starting a company in a foreign country is getting a work visa. However, getting a work visa in Singapore is quite easy. You can use the online application resources to know how to go about it.
It also takes a short time to get everything that you need for the visa. If you do everything correctly, it will take around six months to get everything in order. This is a shorter time compared to using other countries where it might take years.
After getting a work permit or visa, the second step is to incorporate your company. In many countries, this is the hardest thing to do due to restrictions. However, Singapore has made the process easy for you.
To avoid doing everything on your own, all you have to do is to appoint two agents to help you. We also have companies that are dedicated to helping foreign investors. You can do most of the work even when you are away from Singapore.
Good Tax Policies
Taxes are everything when starting a company. You need to make sure that you make a decent amount in profit before you give everything to tax. The tax rate in Singapore is around 17% which is quite decent.
You also get tax benefits when working with countries around Singapore. This is one of the reasons why many investors are looking at Singapore as a good investment hub within Asia.
Skilled Human Resources
Singapore has skilled human resources. The population includes experienced staff and even university graduates. You will not have any problems trying to find employees.
The people in Singapore are also motivated and have a good work ethic. This means that your business will be set with the right people for growth.