Companies from India, Malaysia, Cambodia, Vietnam, Indonesia, Sri Lanka, Australia, and the US Should Incorporate in Singapore
Singapore has established itself as a leading global business hub, attracting companies from diverse economies. Businesses from India, Malaysia, Cambodia, Vietnam, Indonesia, Sri Lanka, Australia, and the US benefit significantly from setting up a holding or subsidiary company in Singapore due to its strategic location, pro-business policies, and tax advantages.
Key Benefits of Incorporating in Singapore
1. Business-Friendly Regulatory Environment
Singapore’s efficient regulatory framework and ease of incorporation make it an attractive destination for businesses looking to establish a presence in Asia. The country ranks high in World Bank’s Ease of Doing Business Index, ensuring streamlined compliance and transparent corporate governance.
2. Attractive Tax System
- Corporate tax rate of 17%, among the lowest in the region.
- No capital gains tax and tax exemptions for qualifying foreign-sourced income.
- Double Tax Agreements (DTAs) with over 80 countries, reducing tax burdens for multinational companies.
- Startups can benefit from partial tax exemptions, making it cost-effective to scale operations.
3. Strategic Location & Market Access
Singapore serves as a gateway to Southeast Asia and global markets, providing companies with access to key trade routes, international investors, and regional customers. Companies in logistics, fintech, e-commerce, and manufacturing benefit greatly from this connectivity.
4. Robust Financial & Banking Infrastructure
- Access to world-class banking services with multi-currency accounts.
- Presence of top international banks facilitates global transactions.
- Singapore Dollar (SGD) is stable and trusted, making it an ideal currency for global transactions.
5. Strong Legal Framework & IP Protection
Singapore’s strong intellectual property (IP) laws and adherence to international trade agreements ensure secure business operations. Companies involved in R&D, technology, and innovation benefit from IP-friendly policies and enforcement measures.
6. Skilled Workforce & Talent Hub
With a highly educated and skilled workforce, businesses in Singapore can tap into a diverse talent pool. The country also has favorable employment laws and visa programs, such as the Employment Pass (EP) and EntrePass, to attract global professionals.
7. Access to Investment & Funding Opportunities
Singapore is home to a thriving venture capital and investment ecosystem, making it an ideal destination for startups and multinational companies seeking funding. Government grants, fintech accelerators, and investor networks enhance opportunities for growth.
Country-Specific Advantages
- India & Sri Lanka: Leverage Singapore’s strong trade ties and DTAs, making it easier to expand into global markets.
- Malaysia & Indonesia: Proximity to Singapore facilitates regional headquarters setup and seamless cross-border trade.
- Vietnam & Cambodia: Tap into Singapore’s high financial transparency and stable economy for risk-free business expansion.
- Australia & US: Use Singapore as a regional base for ASEAN operations, benefiting from its business-friendly tax regime and investment network.
Conclusion
Incorporating a holding or subsidiary company in Singapore offers businesses from India, Malaysia, Cambodia, Vietnam, Indonesia, Sri Lanka, Australia, and the US significant tax benefits as there is no capital gains tax and global income is not taxed in Singapore. There are no restrictions on foreign exchange and the movement of capital and profits besides financial security, and market access.
At NS Global, we provide expert corporate services to help businesses seamlessly establish their presence in Singapore. Contact NS Global today to explore how your company can benefit from incorporating in Singapore!