Singapore's hassle-free business set-up processes, and the corporate tax rate of just 17 percent, which comes out to be even lower if companies take advantage of various government schemes and incentives, are the most attractive reasons
Singapore (PRWEB) September 29, 2014
As US economy still recovers from the economic meltdown that started six years ago, the investors there are looking for better investment destinations, which can reap them rich dividends. Rikvin, Singapore's foremost immigration and incorporation consultancy, in a new guide published recently have argued why Singapore fits the bill perfectly.
For this, the guide list few reasons as excellent connectivity, strategic location with proximity to world’s largest emerging markets, and a strong legal system.
Moreover, as Singapore is home to 123 commercial banks, 154 fund managers and 291 capital markets services license holders, it enables entrepreneurs to raise funds at rates as low as one percent per annum.
In further testimony that Singapore offers the best intellectual property protection, infrastructure and incentives in Asia, the World Economic Forum’s Global Competitiveness Report (GCR) 2014–15 recently ranked Singapore as the second most competitive economy in the world, Rikvin notes.
“Above all, Singapore's hassle-free business set-up processes, and the corporate tax rate of just 17 percent, which comes out to be even lower if companies take advantage of various government schemes and incentives, are the most attractive reasons to incorporate a Singapore company,” explained Ms. Christine Lim, General Manager of Rikvin.
In fact, the US Department of Commerce’s International Trade Administration (ITA) via its portal Export.gov – a collaborative effort of 19 different US Government agencies offering export assistance programmes and services to American companies, provides a list of “best prospects sectors” for US exports in Singapore. According to ITA, Singapore is “one of the best markets in Asia for US companies hoping to expand their market penetration through Asia”.
“ITA's list include electronics, telecommunication equipment, computer hardware and software, aircraft parts, medical devices, laboratory and scientific instruments, electric power systems, construction and building products, pumps and valves, university education services and franchising,” added Ms. Lim.
The Rikvin guide also details several major infrastructural projects currently underway in Singapore that provide immense procurement and business opportunities to US investors.
“Some examples listed in our guide are the US$280 million blueprint for clean energy sector, revamping and building new terminals at the world-class Changi International Airport, US$ 944 million Singapore Government IT tenders, US$500 million second LNG terminal in Jurong Island of Singapore, and US$150 million project for constructing floating storage facilities for petroleum products,” concluded Ms. Lim.
Please click here to read the full guide.
Established in 1998, Rikvin has partnered with thousands of investors, entrepreneurs and professionals who want to work or do business in Singapore. Rikvin’s areas of expertise include company Singapore company registration, accounting, taxation and other related corporate services. Rikvin is also a licensed employment agency and offers a full spectrum of Singapore work visa services for professionals who wish to relocate to Singapore.
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