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Why Singapore

Singapore is a top-class world city to Work, Live and Play. The globally connected, multi-cultural and cosmopolitan city-state offers a conducive environment to creative and knowledge-driven industries.

Singapore’s competitive factors which set it apart from other locations

Trust - integrity, quality, reliability, productivity, a strong legal system;
Knowledge - knowledge-based manufacturing and services, a thought and
   information hub, commitment to education and skills;
Connected - physical connectivity as well as people and business networks; and
Life - an excellent place to live, work, learn and play.

Global businesses will find it advantageous to site their headquarters in Singapore. Strong trade and investment makes Singapore the most competitive Asian country (Global Competitiveness Report 2008). The World Bank also ranks the Republic as the world’s easiest place to do business (Doing Business 2009 report).

One of the most efficient corporate and person tax regimes

Starting from Year of Assessment 2012, personal tax is ZERO for chargeable income below S$20,000 and starts from 2% for income exceed S$20,000. The highest personal tax rate is 20% for the portion of income exceed S$320,000. Whereas for corporate tax, the effective tax rate for taxable profits up to S$300,000 is as low as 6%. For taxable profit more than S$300,000, tax rate is 17%. Capital gains in Singapore are not taxable.

No restriction in foreign ownership and repatriation of profits

Singapore has no restrictions on foreign ownership of business. The repatriation of profits and the import of capital are freely allowed. Shareholders including investors who receive dividend out of company profit are exempted from Singapore tax. It is one of the best places to set up your business.

Extracted from Singapore Economic Development Board:

Report and Studies Performance and Source Ranking
City with the best investment potential for 16 consecutive years Economic Performance-BERI Report 2010-111 # 2 in the world
Singapore is ranked first for having the most open economy for international trade and investment Competitiveness and Business Environment-The Global Enabling Trade Report 2010 # 1 in the world
Singapore is the world's easiest place to do business Competitiveness and Business Environment-Doing Business 2011 Report, World Bank # 1 in the world
Singapore is among the top 3 in foreign trade and investment Economic Performance-The Globalisation Index 2010 # 3 in the world
Singapore is among the top 3 most competitive countries in the world Competitiveness and Business Environment-IMD World Competitiveness Yearbook 2011 # 3 in the world
Singapore is ranked the most transparent country in the world and Asia Government- IMD World Competitiveness Report 2010 # 1 in the world

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