Singapore offers an unparalleled environment for businesses and investors, supported by attractive tax benefits, global recognition, streamlined processes, and progressive policies.
The Singapore government offers various incentives to attract foreign investors and businesses, positioning itself as a global financial hub. Aimed at Corporations and High Net Worth Individuals (HNWIs) with initiatives such as Corporate Income Tax incentives and tax exemptions for family offices.
Singapore actively supports free trade and global economic collaboration. Its extensive network of over 20 Free Trade Agreements (FTAs) and 41 Investment Guarantee Agreements provides businesses with unparalleled access to international markets.
Renowned for its business-friendly environment, Singapore ranked #1 in the Asia Pacific and globally as the best business destination in 2019 (The Economist Intelligence Unit). It also topped the Global Competitiveness Index 4.0, surpassing the United States, cementing its status as a leader in innovation and competitiveness.
Incorporating a company in Singapore is quick and straightforward. With a streamlined process, businesses can be established in just one day, provided all documents are ready. An entirely online application system further simplifies this, making it convenient for both local and foreign entrepreneurs.
Known for its pro-business policies, Singapore adapts quickly to economic challenges. During the COVID-19 pandemic, the government introduced a Stabilisation and Support Package worth SGD 4 billion. Key measures included the Jobs Support Scheme, offsetting 8% of local worker wages for three months, and a 25% Corporate Income Tax rebate, capped at SGD 15,000 per company.
With its investor-friendly policies and world-class infrastructure, Singapore remains a top choice for businesses and entrepreneurs.