Singapore is one of the most important gateways to Asia
Most foreign investors and companies are attracted to Singapore due to its geographic location which allows them easy access to the greatest market in the world: China.
The favorable tax system with one of the lowest corporate taxes in the region, the extensive number of double taxation agreements convinced Enterprises that it is easier and more wise to open a company in Singapore, rather than to just pass through Singapore while on the way to the rest of Asian countries.
Singapore provides many incentives for foreign investors putting money in certain industries such as financial services, tourism, healthcare, and telecommunications. Foreign Enterprises can also rely on Singapore’s double tax treaties with over 70 countries that allow them to reduce the tax burden.
Foreign investors opening their first company in Singapore can be assisted by institutions like the Singapore Trade Development Board (STDB) that promotes FDI and exports and the Economic Development Board (EDB) that provides different incentives for foreign businessmen setting up companies in the city.