Starting a Singapore company can be easy. There is a minimum red-tape for doing business in the country and is one of the top least corrupt economies in the world. It is also a well-developed infrastructure that meets all the needs of the business industry and is ranked as one of the top countries in the world for its infrastructure capabilities.
The country is an ideal location for global businesses to site their headquarters. Strong trade and investment make Singapore one of the most competitive Asian countries and one of the world’s easiest place to do business.
What Does It Mean To Incorporate Your Business In Singapore? (Foreigners)
The World Bank has ranked Singapore as the best country in the world to conduct business. Singapore has won that award 10 years in a row. There are many reasons that make Singapore so attractive to businesses. From its robust economy to its low tax rate tax system, to its well trained and productive workforce. The reasons to incorporate your company in Singapore are endless. However, one of the most attractive reasons foreigners, if they are not already, choose to conduct business in Singapore, is the 100% foreign ownership and no currency controls.
What does this mean for you?
As to attract more foreign businesses to Singapore, the country allows a foreign company to have 100% ownership of all their stocks if they incorporate their business in Singapore. In addition to this bonus, the business would not need a local partner or any local shareholders. This makes it highly attractive for a company to want to start a new company in Singapore. These businesses would also be able to choose the type of financial structure they desire. Furthermore, these foreign owners would be free to distribute their ownership to meet their financial/investment needs. Lastly, Singapore does not restrict the amount of capital foreign businesses can bring from their country to invest in a new Singapore incorporation.
Learn more why it's so easy to start a Singapore Company at thisInCorp Global blog.