Updated: Oct 16
Doing Business in Singapore
Businesses can establish a presence by setting-up various business vehicles available in Singapore, such as:
Private company limited by shares
These business vehicles have different characteristics and regulatory obligations. We can assist to identify the suitable business vehicle for businesses setting up in Singapore and also assist with the setting up of a business in Singapore.
Bestar assists businesses establish a presence in Singapore, and assist businesses fulfil all of their ongoing governance and compliance requirements in an efficient manner.
Why Register Company in Singapore
There are many reasons why people choose to register a company in Singapore. Some of the most common reasons include:
Ease of doing business: Singapore is consistently ranked as one of the easiest places in the world to do business. The company registration process is straightforward and efficient, and there is a wide range of government support services available to businesses.
Favorable tax regime: Singapore has a very competitive tax regime, with a corporate income tax rate of just 17%. There are also a number of tax exemptions and incentives available to businesses.
Strategic location: Singapore is strategically located in the heart of Southeast Asia, making it an ideal base for businesses looking to expand into the region. Singapore is also well-connected to the rest of the world, with a major international airport and seaport.
Skilled workforce: Singapore has a highly skilled and educated workforce. The government also invests heavily in education and training, ensuring that there is a steady supply of skilled workers to meet the needs of businesses.
Political and economic stability: Singapore has a stable political and economic environment, which is important for businesses that are looking for a long-term investment destination.
In addition to these general benefits, there are also a number of specific reasons why a particular business might choose to register in Singapore. For example, Singapore is a major financial center, and many businesses in the financial services industry choose to register there. Singapore is also a major hub for shipping and logistics, and many businesses in these industries also choose to register there.
Overall, Singapore is a very attractive destination for businesses of all sizes. The ease of doing business, favorable tax regime, strategic location, skilled workforce, and political and economic stability make Singapore a great place to start and grow a business.
Here are some specific examples of businesses that might benefit from registering in Singapore:
Technology startups: Singapore is a major hub for technology startups, and the government offers a number of incentives and support programs to help these businesses grow and succeed.
E-commerce businesses: Singapore is a major e-commerce hub, and the government offers a number of incentives to help e-commerce businesses grow and succeed.
Financial services businesses: Singapore is a major financial center, and the government offers a number of incentives to help financial services businesses grow and succeed.
Shipping and logistics businesses: Singapore is a major hub for shipping and logistics, and the government offers a number of incentives to help shipping and logistics businesses grow and succeed.
Manufacturing businesses: Singapore is a major manufacturing hub, and the government offers a number of incentives to help manufacturing businesses grow and succeed.
If you are considering registering a company in Singapore, do your research and consult with Bestar to ensure that Singapore is the right jurisdiction for your business.
How Bestar can Help
Our professionals can help to efficiently manage your corporate and statutory secretarial functions.
Our services include:
Company incorporation in Singapore
Registration of Singapore branch and representative office
Provision of nominee director and branch’s agent by our external working panels
Provision of registered office
Provision of initial secretarial matters for holding the first board meeting and shareholders’ meeting
Bank account opening
Provision of nominee company secretary
Maintenance of statutory records
Get in touch, contact us today.
Singapore Company Registration