{"id":30561,"date":"2015-02-24T08:27:40","date_gmt":"2015-02-24T02:57:40","guid":{"rendered":"http:\/\/www.newsilike.in\/?p=30561"},"modified":"2019-05-21T11:56:25","modified_gmt":"2019-05-21T06:26:25","slug":"benefit-of-setting-up-a-business-in-singapore","status":"publish","type":"post","link":"https:\/\/www.newsilike.in\/benefit-of-setting-up-a-business-in-singapore\/","title":{"rendered":"Benefit Of Setting Up A Business In Singapore"},"content":{"rendered":"<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Globalization\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Globalization<\/a> is the need of hour in today\u2019s business world. Every company wants to have a share in increasing business opportunities due to globalization. They want to create their brand globally. So the question that arises is where to start from i.e., which country is suitable to start a business. What due diligence is required before entering into another country for business.<br \/>\nWe have always heard the names of New Zealand, Australia, Singapore as a top 3 destination to start a business. The question that arises is why these countries lead in ease of doing business? What benefits they offer?<br \/>\nFrom the below infographic we would elicit why Singapore is first choice as compare to other countries to start a business.<\/p>\n<p><strong>The reasons are:<\/strong><br \/>\nIt has top 2 most competitive cities in the world.<br \/>\nIt has trade relations with most of the Asian and developed countries.<br \/>\nIt leads in logistics, supply chain performance.<br \/>\nMost important thing is least bureaucracy for doing business.<br \/>\nIt is the least corrupted nation in the world.<br \/>\nMost transparent country in Asia.<br \/>\nThe labour laws are supportive for industries.<br \/>\nGood Infrastructure facility.<br \/>\nFactors that boost the business are mainly the tax system in the country, educated and productive workforce. It has double tax agreements with over 70 countries avoiding double taxation.It has lowest Goods and service tax rate (7%) as compared to global 16.4%.<br \/>\nAnyone planning to start a business Singapore is the best place to start with and take your business to new heights.<\/p>\n<p><strong>Likes<\/strong>: The infographic depicts great facts and sequence of data represented.<br \/>\n<strong>Dislike<\/strong>: It would have been more interesting if they mention the total number of foreign companies incorporated in Singapore.<\/p>\n<p>Infographic Source :- www.one-visa.com<\/p>\n<figure id=\"attachment_30562\" aria-describedby=\"caption-attachment-30562\" style=\"width: 1020px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.newsilike.in\/wp-content\/uploads\/2015\/02\/Benefit-Of-Setting-Up-A-Business-In-Singapore.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-30562\" src=\"http:\/\/www.newsilike.in\/wp-content\/uploads\/2015\/02\/Benefit-Of-Setting-Up-A-Business-In-Singapore.jpg\" alt=\"Benefit Of Setting Up A Business In Singapore \" width=\"1020\" height=\"4212\" title=\"\" srcset=\"https:\/\/www.newsilike.in\/wp-content\/uploads\/2015\/02\/Benefit-Of-Setting-Up-A-Business-In-Singapore.jpg 1020w, https:\/\/www.newsilike.in\/wp-content\/uploads\/2015\/02\/Benefit-Of-Setting-Up-A-Business-In-Singapore-194x800.jpg 194w, https:\/\/www.newsilike.in\/wp-content\/uploads\/2015\/02\/Benefit-Of-Setting-Up-A-Business-In-Singapore-700x2891.jpg 700w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/a><figcaption id=\"caption-attachment-30562\" class=\"wp-caption-text\">Benefit Of Setting Up A Business In Singapore<\/figcaption><\/figure>\n<p>Photo credit: shutterstock.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globalization is the need of hour in today\u2019s business world. Every company wants to have a share in increasing business opportunities due to globalization. They want to create their brand globally. So the question that arises is where to start from i.e., which country is suitable to start a business. What due diligence is required&hellip;<\/p>\n <a href=\"https:\/\/www.newsilike.in\/benefit-of-setting-up-a-business-in-singapore\/\" title=\"Benefit Of Setting Up A Business In Singapore\" class=\"entry-more-link\"><span>Read More<\/span> <span class=\"screen-reader-text\">Benefit Of Setting Up A Business In Singapore<\/span><\/a>","protected":false},"author":2,"featured_media":30593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"Layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1745],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.newsilike.in\/wp-content\/uploads\/2015\/02\/singapore_mini.jpg","_links":{"self":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/30561"}],"collection":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/comments?post=30561"}],"version-history":[{"count":0,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/30561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media\/30593"}],"wp:attachment":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media?parent=30561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/categories?post=30561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/tags?post=30561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}