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Business Opportunities in Singapore

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It is very easy to start a business in Singapore.The dynamic business environment, first-class infrastructure, and outstanding international commercial viability of Singapore makes it a choice destination in which international companies may organize events or to which they may expand business operations. This beautiful city-state has all of the necessary convention services, exhibition halls, and state-of-the-art technology that any company needs.


The many food, travel, and retail services across the country only add to the high level of convenience of operating a Singapore business. As long as the business is run in Singapore, it will never be a problem to obtain the physical necessities and additional comforts which aid operations of the business and boost employees’ satisfaction.


With regard to taxation, Singapore is an excellent place for one to incorporate a company. This is because all companies conducting business operations in Singapore, whether they be local or foreign, are taxed at a flat rate of 17%. This is an extremely low rate by global standards. Furthermore, the Singaporean government offers tax exemptions to local small and medium-sized enterprises (SMEs). This increases the potential of small business opportunities. There is also no capital gains tax. This tax system contributes to Singapore’s thriving corporate environment and does much to encourage the formation and growth of new businesses in the country.


 


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Business Opportunities in Singapore


 

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Item(s) published on:
November 15, 2019

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