If you are thinking about building your startup in Singapore, you are definitely on the right track!
There are a number of different reasons why so many smart and savvy entrepreneurs are building startups in Singapore today, and why so many seasoned veterans of the business world – especially investors in startup companies – are recommending that companies establish themselves in Singapore before they establish themselves anywhere else.
Quickly becoming one of the most influential nation in the world as far as the modern business community is concerned, Singapore has everything you want as a startup entrepreneur with very little drawback whatsoever.
Here are just four of the reasons why so many people are moving here in droves, and why you want to do the exact same thing ASAP!
Easy access to capital
The first thing that you’ll notice about Singapore when it comes to creating a startup here is that the access to capital you’ll inevitably need to build, grow, and develop your startup is absolutely effortless, making it really (REALLY) easy to get your hands on the funds you need to build your financial future.
A continuous flow of investment has been pouring into Singapore over the last two decades, and in 2011 alone nearly $26.5 billion in assets were under management specifically in the startup community. In six years that figure has obviously exploded, making a tremendous amount of money available to those with viable startup operations.
Effortless ability to do business
The Singapore government has always been very favorable towards business, creating rules, regulations, and legislation specifically designed to help companies foster profitable operations in this country without many of the roadblocks that other nations may put in your way.
On top of that, and standing in stark contrast to the overwhelming majority of other Asian nation in the region, Singapore has barely any bribery next to no corruption whatsoever – rankings as the fifth least corrupt country in the world only behind New Zealand, Denmark, Finland, and Sweden.
Very attractive tax systems
There are plenty of tax reasons to move your startup to Singapore, including in affordable and efficient tax system that appeals to companies of every size. The maximum – MAXIMUM – corporate tax rate in Singapore is a shockingly low 17%, with absolutely no capital gains or dividend taxes in Singapore, either.
This means that you will be able to enjoy the benefits and profits of your hard work, labor, and intellectual property when you establish your startup Singapore rather than having to hand over that cash to the government.
Impressive intellectual property protection
Singapore also has tremendous protections in place for intellectual property, signing major accordance with all of the other big nations around the world as far as business, creativity, and commerce are concerned.
Startups live and die based upon their ability to protect the intellectual property that they create, and you won’t have to worry about some other company coming in and usurping your hard work and your creativity thanks to the intellectual property protections you’ll enjoy in Singapore.