The Process of Company Formation in Singapore

Legal Raasta07 Sep, 2023Legal

Company formation in Singapore comes with a host of compelling benefits that have established the city-state as a thriving business hub. One of the key advantages is the favourable tax regime. Singapore offers various tax incentives, exemptions, and a low corporate tax rate, making it an attractive destination for businesses looking to optimize their tax liabilities. The absence of capital gains tax and the presence of double taxation treaties further enhance the tax efficiency for companies operating internationally. This tax-friendly environment not only encourages business growth but also contributes to Singapore's reputation as a global financial center.