![Singapore economy growth](/uploads/5/2/7/4/52741111/9174195.jpg?329)
Social Factors
Doing business in Singapore provides more than commercial benefits. It has social benefits that enrich a person’s life. This makes it appropriate for a business person to move even with their family because Singapore promises a stable and stress free lifestyle. The social benefits include:
- In the whole of Asia, Singapore provides the highest quality of life
- It has among the most advanced health care and education systems in Asia.
- The population of Singapore is very diverse. This is because people from different parts of the world have emigrated from their countries to Singapore. This diversity offers a good opportunity for social growth as one interacts with different cultures.
Economic Factors
The state of Singapore’s economy plays a significant role in attracting foreign investors. This is because at the center of every business venture is the need to raise income. Many foreign investors find Singapore’s financial and monetary policies favorable to their commercial pursuits.
Incorporating a business here does not take more than two days, apart from when authorization is necessary from outside the office of the registrars. Singapore also allows foreigners to register businesses online when they are not in the country. Other favorable economic factors include:
Singapore is located right in the middle of South East Asia. This makes it a center of trade in the region. From this central location, a business person can take advantage of the market provided by the rest of South East Asia conveniently.
The country has invested in world class infrastructure that makes transnational trade for a person living in Singapore very convenient. It has one of the busiest ports in the world and its airports are efficient and they have the capacity to handle large trade volumes.
Singapore is among the world’s wealthiest nations. This plays a part because it means that the country’s currency is valuable in the international market. It also means that the money market in Singapore is relatively stable.
Tax advantages
A country’s taxation policies have the potential to make it an investment hub or to destroy completely its potential for foreign investment. Singapore does not levy corporate gains tax and inheritance taxes. To make it even better, dividends paid out to shareholders are not taxable.
Political factors
A stable political environment is also one of the reasons why foreign investors are interested in Singapore Company Incorporation.
Every investor likes to have confidence in the stability of the country where they invest. This is because nobody wants to build a company only for it to be brought to its knees by a civil war. Singapore makes an effort to make its foreign investors feel safe.
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