Viettonkin Consulting - Singapore

Singapore has a strong economy and it is a prime location for trade and financial companies in Asia. Its proximity to China is a significant advantage for many entrepreneurs and business owners who wish to invest here. Moreover, while it is true that the city-state is primarily a location for financial and trade businesses, its diversified economy presents multiple opportunities for investment.

The top three reasons to invest in Singapore include its proximity to China, its free trade philosophy and a diversified economy. What’s more, Singapore has a low taxation regime and a number of incentives and advantages are available for companies. There are special tax exemptions and tax incentives available for selected business fields and the Government also uses a Productivity and Innovation Credit Scheme that encourages business to invest in innovation and productivity.

The city-state has a low level of corruption, advanced infrastructure and a highly skilled workforce, comprised of both nationals and expats. Apart from its low corporate tax rates, Singapore also has a low personal income tax rate.