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+86 400 118 5939
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Tel：+86 400 118 5939Singapore has over 500 financial institutions worldwide and is the fourth largest foreign exchange trading center in the world. It not only holds a leading position in international finance, trade financing, maritime finance, insurance, and financial operations, but also excels in asset and wealth management.
Singapore has a stable government system, transparent legal framework, and strong legal system, ranking first in Asia in the International Anti Corruption Transparency Index. Currently, Singapore has the largest network of free trade agreements in Asia, making it convenient for businesses to effectively and easily enter the international market. The major economies that have signed agreements with Singapore now include the United States, Japan, China, Australia, New Zealand, the European Union, Jordan, Chile, South Korea, India, and Panama.
If you invest in Singapore, you can also enjoy the advantages of local government and related resources, such as registering a Singapore company and providing self-employed immigration support services, which are suitable for entrepreneurs and professionals with certain economic capabilities. So for domestic companies looking to develop overseas, Singapore definitely has strong appeal. Hongyuan International takes you on a look at the benefits and advantages of Singaporean companies, as follows:
1. Building an international brand, enhancing the company's international visibility and competitiveness;
2. To enhance product competitiveness, Singapore has signed a bilateral trade treaty with the United States, which is tax-free;
3. Singapore exempts dividend income from income tax;
4. Singapore's corporate tax system is simple and has a low tax rate, without a value-added tax similar to that in China. For business operations, a company income tax rate of 17% is temporarily considered, while Singapore's limited company income tax rate is 17%;
5. Singapore follows the principle of territoriality in taxation, and income from sources within Singapore is subject to income tax. For profits earned from sources outside of Singapore, exemptions can be applied for;
6. Just make a tax declaration once a year, there is no need to declare taxes on a monthly basis;
7. Realize asset transfer (internationalization) and protection;
8. Enterprise business transformation, domestic trade to foreign trade, obtaining more tax reductions and exemptions;
9. The company's listing and the opportunity to immigrate to Singapore (such as having actual business and taxes locally, and possibly obtaining more opportunities for family members to immigrate to Singapore).
The above are the benefits and advantages of registering a Singapore company. For specific instructions on how to register a Singapore company, please feel free to consult Hongyuan International.
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Email: info@hyintern.com
Hotline: +86 400 118 5939
