Top 5 Reasons Foreigners Choose Singapore for Business Expansion
Singapore has become a top destination for foreign entrepreneurs and multinational companies looking to expand into Asia. Known for its pro-business policies, stable government, and strong legal framework, Singapore offers a strategic gateway for regional and global operations.
If you are considering starting a business in Singapore as a foreigner, here are five reasons why it may be one of the best decisions for your business.
1. Ease of Incorporation and Pro-Business Environment
Singapore consistently ranks among the easiest places in the world to do business. Foreigners can set up a private limited company with 100% foreign ownership and typically complete the incorporation process within a few days.
Highlights:
• Minimal red tape
• Clear legal and tax structures
• ACRA’s online platform makes incorporation straightforward
Need help incorporating? At Profectant, we handle the end-to-end incorporation process for foreign entrepreneurs.
2. Strategic Location in Asia
Situated in the heart of Southeast Asia, Singapore is an ideal base for companies targeting markets like Malaysia, Indonesia, Vietnam, and Thailand.
Key advantages:
• World-class logistics and port infrastructure
• Excellent regional connectivity via air, sea, and digital networks
• Time zone compatibility with major Asian business hubs
Profectant also supports clients who wish to set up operations across Singapore and Malaysia.
3. Attractive Corporate Tax Regime
Singapore offers a competitive corporate tax rate of 17%, with various exemptions and tax incentives for startups and SMEs.
Tax benefits include:
• Tax exemptions for new startups (up to the first 3 years)
• Avoidance of double taxation through DTAs (Double Tax Agreements)
• No capital gains tax
Our tax advisors at Profectant help foreign companies optimize their tax structure from day one.
4. Access to a Skilled Workforce and Business Talent
Singapore’s workforce is highly educated, multilingual, and known for its productivity. Employers can also hire foreign talent through the Employment Pass, S Pass, or Work Permit schemes.
Profectant can assist you in obtaining the right work visa for your key hires or your own relocation to Singapore.
Whether you’re a solo entrepreneur or part of an expanding international group, Singapore is a trusted, transparent, and dynamic launchpad for business in Asia.
Ready to start your business in Singapore as a foreigner? Profectant has helped over 800 companies incorporate and grow across Singapore and Malaysia. Let us help you build your regional presence.
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