The Republic of Singapore consists of the main island of Singapore, off the southern tip of the Malay Peninsula between the South China Sea and the Indian Ocean, and 58 nearby islands. Singapore is one of the most open, and thus competitive, markets in the world. Singapore has a strategic location, making it possible to access a market of 2.8 billion people within a few hours flight
Advantages for the foreign investors:
Corporate tax rates are about 8.5% up to $300K profits and a flat 17% above that
Personal tax rates start at 0% and max out at 20% above $320K
There are no dividend or capital gains taxes in Singapore
There is no estate/death/inheritance tax in Singapore
Minimum Annual License Fee or Franchise Tax S$315
A Singapore private limited company can have a minimum of 1 and maximum of 50 shareholders
A minimum of one resident director is needed. There is no limit on the number of additional local or foreign directors a Singapore Company can appoint
There is a requirement for director(s) meeting. Meetings can be held anywhere in the world
Rated number one in the world by World Bank for ease of doing business
Ranked as the third wealthiest nation in the world by Forbes magazine
Singapore has been ranked as the third most globalized economy among 60 of the world’s largest economies in the recently released Ernst and Young 2011 Globalization Index
Rated number one as the most politically stable country in Asia
Rated number one as the best labor force in the world
Rated number one in Asia for quality of life
You can open a corporate bank account in any of the major banks in Singapore. Many of the banks in Singapore these days require physical presence of the company principals as part of the account opening procedure