The Advantages of SG An Offshore Center

The Advantages of SG as An Offshore Center

2024-09-24

There has never been a unified view on how many offshore financial centers there are in the world, but in the end, Singapore is an unavoidable presence. Why? There are so many advantages to registering a company in Singapore.

Financial and Economic Stability

Singapore has sound regulations and supervision, stable society, and good public security. The various government agencies in Singapore coordinate with each other to achieve high efficiency, providing comprehensive and convenient government services for entrepreneurs who invest and start businesses.

Legally Evade Heavy Corporate Taxes

As one of the countries with the lowest corporate tax rates in the world, Singapore has implemented various tax incentives to encourage investment and trade. Singaporean companies only need to declare corporate income tax once a year, based on profit taxation, with a tax rate of only 17% (with partial exemption).

Flexible Operating Mode

Establishing a Singapore company can be used for both local and offshore operations.

Advanced Financial System

Singapore has no regulations on foreign exchange and the repatriation of company capital and profits from the local area, therefore, the capital market is deeper and more liquid, and the advanced financial system makes it easier for companies to raise funds.

Open Economy Policy

Thanks to the Singapore government's encouragement of an open policy, international traders can freely buy and sell goods, eliminating trade protectionism measures and barriers; The Singapore government has signed free trade agreements (FTAs) and investment protection agreements with multiple countries, including China, Japan, South Korea, the United States, India, and 10 ASEAN countries.

Global Business Hub

Singapore is located as a fortress in the Strait of Malacca, making it a world-class hub for sea, land, and air transportation; Companies based in Singapore can fully utilize the integrated infrastructure of sea, land, and air to connect the world and deliver goods and services to anywhere in the world.

The Possibility of Immigrating to Singapore

By operating and paying taxes locally through a Singaporean company, shareholders of the company can have the opportunity to immigrate to Singapore with their entire family, achieving dual benefits of business and immigration.

Established in 2011, Singapore Skyline Business is a comprehensive international business registration and company management service provider. As a registered and reputable business entity with the Ministry of Manpower in Singapore, we specialize in services ranging from family office establishment, GIP investment immigration, company registration, work permit applications, to later-stage PR applications. Feel free to reach out for a free consultation via WeChat (ID: Skyline-Ng) or WhatsApp at +65-91328885.

If you have any questions related to registering a company in Singapore, please feel free to consult us for free through the following methods.

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