Why is Singapore a good base for Asia expansion?
There are mainly three reasons:
- Singaporean companies enjoy a low tax rate of 17 percent. There will be no tax payable on dividends earned externally from its borders.
- It is also possible to operate a Singaporean company as a “shelf” entity to take advantage of the tax benefits that are offered. Using a “shelf” company will reduce costs, as there will be no need for a full-fledge company to be set up.
- Once the company is established in Singapore, it will be eligible to utilize all free trade agreements for intra-ASEAN trade or with other countries, such as China and India.
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