Why do major companies favor Singapore?

Global connectivity

Singapore has a superior geographical location and is one of the world's major sea and air transportation hubs, and a natural international trade transit point.

Sitting at the intersection of major shipping routes, Singapore is a major logistics hub and conduit for global trade. Singapore's external transportation is very convenient, and it is one of the busiest ports in the world, with shipping routes connecting 600 ports in 123 regions.

Resilient and stable economy

The fourth largest financial center in the world and the third largest foreign exchange trading center in the world, with an average daily foreign exchange trading volume of 633 billion US dollars. Singapore has no strict controls on foreign exchange transactions and capital movements. Funds can flow in and out freely, and currencies are freely convertible. This makes Singapore one of the reasons why many companies choose Singapore. Because there is no foreign exchange control, it is convenient to do business.

high employment rate

Singapore's sound education system and national skills development programs ensure that Singaporeans are fully equipped to keep up with changes in the global economy.

World-class talent

For a long time, Singapore has had the world's most powerful and competitive workforce, and the talents here are both highly educated and highly skilled. More than 30% of the workforce has a college degree, and 15% has an associate diploma or professional qualification.

Singapore's bilingual education policy also means that locals are fluent in English and at least one other language, such as Mandarin, Malay or Tamil.

Transparent taxregime

Singapore's tax system is simple, investment-friendly, with no foreign ownership restrictions and no foreign exchange controls, thus providing investors with a relatively level playing field.

The unified tax rate enables companies to save compliance costs, Singapore companies are exempt from capital gains tax, and allow all shareholders in Singapore to enjoy tax exemption on dividend income.

It is worth mentioning that, in order to support start-up companies, the Singapore government provides a tax exemption policy for newly registered companies in the first three years after registration.

Strong government support

The Singapore government is famous for its cleanliness and efficiency. The legal system is strict, the society has a high degree of integrity, and it is open to new things. Enterprises only need to focus on their own operations without worrying about other risks. Provide fast and efficient services and a relatively fair investment environment for foreign investment.

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