#1 in Asia-Pacific
Why Start a Business in Singapore
Discover why thousands of foreign entrepreneurs choose Singapore as their business hub. From tax benefits to strategic location, here's what makes Singapore exceptional.
Discover why thousands of foreign entrepreneurs choose Singapore as their business hub. From tax benefits to strategic location, here's what makes Singapore exceptional.
Unmatched Advantages
Singapore offers a unique combination of benefits that make it the premier destination for business in Asia.
Unlike many Asian countries that require local partners, Singapore allows foreigners to own 100% of their company. You maintain complete control over your business decisions, strategy, and profits.
Singapore has one of the lowest corporate tax rates globally at 17%. New companies enjoy even greater benefits with tax exemptions on the first S$200,000 of profits for the first 3 years.
Strategically located at the heart of Southeast Asia, Singapore provides unparalleled access to the world's fastest-growing markets with over 4 billion consumers within a 7-hour flight.
Singapore consistently ranks among the least corrupt and most politically stable nations. The legal system is based on English common law, providing familiar frameworks for Western businesses.
Singapore has signed 90+ Double Taxation Agreements (DTAs) and Investment Guarantee Agreements (IGAs), making it ideal for holding companies and regional headquarters.
Company incorporation can be completed in as fast as 1 day. The entire process is digital, and you can start your business remotely without being physically present in Singapore.
Tax Advantages
Singapore's tax system is designed to be business-friendly. Here's a breakdown of the tax benefits available to foreign entrepreneurs:
One of the lowest in the world. Effective rate can be as low as 8.5% with partial exemptions.
No tax on profits from sale of shares, property, or other assets.
Single-tier system means no withholding tax on dividends distributed to shareholders.
For the first 3 consecutive years of assessment:
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See how Singapore stacks up against other popular business destinations in Asia.
| Factor | Singapore | Hong Kong | Malaysia | Thailand |
|---|---|---|---|---|
| Corporate Tax Rate | 17% | 16.5% | 24% | 20% |
| Foreign Ownership | 100% | 100% | Varies by sector | 49% max (most sectors) |
| Capital Gains Tax | 0% | 0% | 0-30% | 0-35% |
| Incorporation Speed | 1 day | 1-2 days | 2-4 weeks | 2-4 weeks |
| Min. Paid-up Capital | S$1 | HK$1 | RM500,000+ | THB2M+ |
| Political Stability | Very High | Moderate | Moderate | Variable |
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