Easy business registration in Singapore with Taxmantra

 

Going global is the next big thing which every startup thinks about. High tech Singapore has become the leading hub for high-tech innovation and development.

We have seen a manifold increase in the number of startups registering themselves in Singapore. Taxmantra has been actively associated with the startup scenario in Singapore and has been helping a number of Indian startups registering their business there. Easy business registration in Singapore with Taxmantra.

 

Taxmantra has tied up with top legal firms in Singapore, thereby providing easy and affordable business structures for startups willing to register themselves there. Major highlights of Taxmantra for startups:

• Business structuring as per compatibility of the startups.
• Competitive pricing.
• Fully Customized Packages.
• 30+ years of experience within the group.
• Confidentiality Assured with Signed NDA.
• Complete paperless office, no physical presence required.

 

Singapore has turned out to be home for hundreds of start-up and global technology companies. It has become the epitome of business, a status symbol, especially for technology startups.

 

Singapore, due to its compatibility with startups is leading the trend. It has become the top preference of startups to launch them. Even the World Bank Report, 2014 has ranked Singapore #1 in ease of doing business.

 

Just stop running in the crowd and explore Singapore with us. While you scroll down you will realize how this neighborhood can beat up the other countries in hub in every step of running your business with ease.

 

1. Taxes are the foremost stuff which is discussed deeply even before you know the proper location.

When it comes to personal income tax, following must be noted:

• Progressive tax rates starting at 0% going up to 20% for salaries over 230,000 USD
• No capital gains tax
• no inheritance tax
• No tax on overseas derived income (with few exceptions)

In country like Hong Kong rate might be lower but taxation starts from much lower income.

If you talk about corporate tax, then you might find lower rate in Hong Kong but do not ignore the tax exemptions provided by the Government which brings the corporate rate down to a significant level. For elucidation, you must note that Singapore Government supports startups by making tax free zone and giving discounts when you are out of tax free zone.

In addition, managing taxes in Singapore is much simple and easy compared to other countries.

 

2. Incorporation tenure in some countries is long but when you go to Singapore, you find high speed in the process and less of paperwork too. Not only this, in property registration, international trading, Singapore is far ahead and has been marked as “the world’s easiest place for doing business” as per the World Bank Report 2014.

 

3. For Investment Destination, Singapore enjoys top position leaving Hong Kong and other hub far behind.

 

Singapore heads-up in whichever field you look on like GDP per capita, inflation, exports, profits. Singapore is profit- friendly country for investors.

 

4. Language here, does not act as barrier. Local people in Singapore speak English which means no communication issue need to be faced. While you move to Hong Kong, firstly you need to deal with language issue before you do any other work.

 

5. Workforce plays pivotal role in your success. If you are able to hire right employees then you need not have to look behind. Singapore provides intelligent and highly skilled labour force capable for effective business.

As already mentioned, manpower is English- speaking so; there is no communication issue with the workforce.

 

6. Legality enforced equalizes every person. The law here has significantly brought the crime rate to negligibility. Safety of life and your business can never be an issue and you can constantly concentrate on your business working.

 

Singapore has many other attractive features for startups and easy- going business like:

• Low cost of living
• Easy availability of visa
• Easy connectivity
• Foreigner- friendly
• Hard working workforce

 

Startups grab the opportunity and get hassle free registration in Singapore with Taxmantra.

 

Winners don’t do things differently. They do different things!!!

 

Now, incorporation is much easier with Taxmantra.com. Get registered in just 2-3 days, visit us at registration in Singapore

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