Moving a BVI company to Singapore is a beneficial idea because one can take advantage of the low cost of labor as well as increased access to a vast ray of technological conditions. When considering company formation, there are some factors such as geographical region that can play a big part in helping management decide where they intend to do the business registration.
When doing a company formation, many executives like to consider the taxes of the geographical region where they intend to be established. In Singapore, corporate tax is at 10 percent and sometimes may dip into the 5 percent category. This means that a business can enjoy more of its revenues and even increase its horizons. There are some rules however that companies wishing to set up in this country must adhere to.
A nominee director knows the advantages of being outside the US when conducting business; it helps them see the global economy through a different lens. Many executives and fortune 500 companies are interested in the city’s highly educated workforce. It also wants to capitalize on the great number of millionaires in the country which stands at 17 percent. Many view it is an ideal place to set up and venture into other Asian markets such as India and China.
Recently, Singapore was names as one of the best countries to do business in by the World Bank with reports showing that it had great investment potential. The education system is unparalleled and produces talent that continues to impress foreign entities who are considering to do company registrations. Singapore is said to have great infrastructure especially for foreign workers and their immediate families. There are plenty of international schools that make the transition very easy for children of foreign workers.
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An offshore company formation in Singapore understands that the workforce in that part of the world has been all over the developed continents as part of their careers and knows that they can fully utilize their skills and expertise for the long term. Most employers want to retain their employees even during times of economic downturns. Singapore is an emerging market in the Asia region and therefore doing a company incorporation there can be beneficial for a firm because it is a country that wants to continue expanding thereby offering attractive incentives for those who want to relocate their business base.
Employees in this part of the world are known to not only have good analytical skills, they are disciplined, own the responsibilities assigned to them and are full of vigor. They are trained to have great leadership skills as well as project management expertise in order to be appeasing to the growing international presence.
Discover more benefits of doing business in Singapore: Exceptional Tax Exemptions for Business Registrations in Singapore