When it comes to Chinese overseas entrepreneurship, this is the dream of many Chinese entrepreneurs, but where to choose? Faced with such problems, many Chinese choose Singapore. In recent years, more and more foreign companies have set up in Singapore. What is it about Singapore that attracts so many entrepreneurs?
Singapore is located at the entrance and exit of the Strait of Malacca, the shipping artery of the ocean and the Indian Ocean. Its superior geographical position and the integration of Eastern and Western cultures make it have a special position in the world economic and trade circle. Singapore is ranked as the best economy in the world for its successful economic development strategy, efficient border management, developed transport and communication infrastructure, and good business environment. Based in Singapore and taking Singapore as a platform, it is not only conducive to radiating business to the entire Southeast Asia region, but also a powerful springboard for Chinese enterprises to go to the world.
Building the international brand of the enterprise can quickly improve the international visibility and competitiveness of the enterprise; Enjoy Singapore's ultra-low tax rate or exemption, but also achieve international legal tax avoidance: compared with other major economies in the world, Singapore has a lower tax rate (0-17%), levied on their profits; Singapore has introduced a series of measures to assist foreign persons or organizations doing business in Singapore to obtain different levels of tax relief if they are eligible. At the same time, profits from business transactions occurring outside Singapore are not subject to Singapore tax. Get more tariff relief by bypassing trade barriers: Free Trade Agreements (FTAs) signed by Singapore with many countries and regions facilitate enterprises to effectively enter international markets, create greater business and investment opportunities, and have the opportunity to obtain more tariff relief. On 23 October 2008, Singapore and China signed a Free Trade Agreement (FYA). According to the provisions of the Agreement, Singapore will remove all tariffs on imports from China with effect from 1 January 2009; By January 1, 2012, China will eliminate tariffs on 97.1 percent of newly imported products, of which 87.5 percent will be tariff-free upon the entry into force of the Agreement.
Good investment environment, trade and: As the world's most convenient place to do business, the world's most open international trade and investment economy, the world's most competitive country, with the world's best business environment, Singapore's superior geographical location makes it a world-class maritime and air transportation hub. Singapore can use developed land, sea and air transport channels to radiate its commercial advantages to Southeast Asia and even the world.
Independent legal person status: Singapore law stipulates that private persons in Singapore have independent legal person status. It can participate in lawsuits, it owns assets; It can also create debt. The liability of a shareholder is limited to the amount which he has subscribed for but has not paid in full. As long as the subscription is fully paid up, the shareholder has no other liability for the debt. No foreign exchange system, easy to raise funds; The holding can be listed on stock exchanges in many countries; Opportunities to immigrate to Singapore: If you have a real business and pay taxes in Singapore, you can also get the opportunity to immigrate to Singapore for your family. Today, Singapore is truly a world leader in finance, trade and technology, with a world-class international airport, a well-developed tourism, communications, finance, education and free economic system, and a clean, efficient, pro-business, preferential and flexible tax policy. More and more companies and entrepreneurs are attracted to Singapore and have chosen to set up or establish offices in Singapore as their Asia-Pacific regional headquarters or business management. Singapore has become a powerful springboard for Chinese companies to enter the international arena.