Benefits of registering a company in Singapore
You may be wondering why in the world you should register your company in Singapore and nowhere else. There are many benefits to incorporating this country, which makes it unique. According to the World Bank, Singapore is the No. 1 country in terms of ease of doing business and conducting business activities. Forbes Magazine considers Singapore the third richest country in the world. It is also considered to be a highly globalized economy. The political climate in Singapore is rather stable and one does not need to be afraid of sudden changes in the political system that will make the process of registering a company in Singapore difficult.
The labor force is also strong there. People want to work and living standards are very high. In fact, Singapore is considered to be the country with the highest standard of living in Asia.
Company registration in Singapore
The work of business incorporation in Singapore has been made quite simple. While this article is not meant to be a guide on how to register a company, as it is only to cover the country and highlight the many benefits of forming a company, it is a good idea to mention at least the basics. How to get involved is actually handling itself.
First you have to understand that there is a different policy for foreign and domestic entrepreneurs. If you are a foreigner, you do not need to relocate to Singapore, you can run a business from abroad, however, you need to hire someone to register your company in Singapore. You will also need to hire a home resident who will take over as director. However, this applies to a company. If you plan to work as an individual or live in partnership with someone, you do not need to look for someone to be a director.
If you are based in Singapore, you can decide to either start a company or work as a sole proprietor. Partnerships are also possible, as there are many business opportunities in Singapore and you never know if you will need to cooperate with someone on a regular and daily basis or if you can meet yourself.
Looking at the strategic location of the country, the favorable tax environment, the open and the incoming government and the start of business in Singapore, it can be said that this is the best option to join the whole world.