|
| |||||||
| Singapore Business Set Up | |||||||
Singapore has a highly developed market-based economy, which historically revolved around its strategic location as a trading port. Today Singapore has developed into one the wealthiest countries in the world in terms of gross domestic product (GDP) per capita. Singapore’s economy has been growing continuously for the past six years making it the world’s 44th largest economy based on nominal GDP, according to the CIA World Factbook. Foreign investments into Singapore have also been growing over the years. Important point to note about Singapore business set up include:
| |||||||
| 1. | Types of Business Entities - the limited liability company is the preferred investment vehicle for undertaking Singapore business set up.
| ||||||
| 2. | Corporate finance - Singapore offers a ready pool of funding for global companies seeking to generate capital. Through the Singapore Economic Development Board (SEDB), the Singapore government attracts inward investment mainly in high-tech sectors such as biomedical research and information communications technologies.
| ||||||
| 3. | Corporate and private banking perspectives - According to the 2008 Global Financial Centres Index (GFCI), Singapore ranked as the world’s 4th-largested global financial centre. This is due to Singapore’s excellent reputation for transparency and good business practice. Due to the rising popularity of banking in Singapore it is becoming increasingly difficult to open corporate and personal bank account in Singapore.
| ||||||
| 4. | Relocating to and living in Singapore - The high appeal of Singapore business set up is aided by a reputation for having a high quality and standard of living. For example, Singapore was ranked the most attractive city to live in Asia. This is due to low income tax, minimum crime, first-class restaurants, sports facilities and excellent international schools.
| ||||||
| Contact Us | |||||||
For more information on Singapore business set up, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
| |||||||
|
Back to Singapore Company Formation page
| |||||||
