Singapore is becoming a top location for starting a business, reports AsiaBiz - a firm focused on company incorporation services in Singapore. The company reports its own recent success with Singapore's business policies, and provides information for foreign companies and entrepreneurs seeking to relocate.
Singapore (PRWEB) November 6, 2007 -- With its latest tax incentives, pro-business policies, streamlined regulations and booming economy, Singapore is fast becoming the top location for global entrepreneurs and investors to incorporate a business, reports AsiaBiz, a firm focused on Singapore company incorporation and related corporate services.
"Today more than 26,000 international companies call Singapore home," says Samir Malhotra, head of business strategy at AsiaBiz. "Foreign companies and entrepreneurs from countries with high tax rates or restrictive business environments are particularly attracted to Singapore. Clients from many Asian and European countries are fast recognizing the benefits of incorporating here."
AsiaBiz has found success with the country's attractive business policies. The company is helping increasing number of overseas entrepreneurs and small-to-midsize businesses establish a presence and relocate to Singapore. "The common theme of our clients is that they are all entrepreneurs. On the same day, we could be helping an American hardwood supplier, a hedge fund manager, and an authentic Indian restaurant owner to incorporate and relocate to Singapore," Malhotra says.
In a recent joint survey by the World Bank and the International Finance Corporation, Singapore was rated as the world's best place for incorporating and doing business. Earlier this year, the Republic of Singapore implemented attractive tax exemptions for small-to-mid size companies and further reduced the overall corporate tax rate in Singapore to 18 percent. According to various reports and statistics, Singapore consistently ranks as one of the most competitive and profitable places for business investors.
Singapore owes its stability and economic growth to a sound legal system and clean government, according to Minister Mentor Lee Kuan Yew who was speaking at the opening of the annual International Bar Association conference recently. The Institute for Management Development (IMD) World Competitiveness Yearbook has consistently ranked Singapore in the top two positions since 1997 under the Legal Framework component.
AsiaBiz notes that the growing number of global entrepreneurs and foreign companies incorporating in Singapore is confirmed by business service providers such as accounting, corporate secretarial and legal firms in Singapore, increasing between 20 to 50 percent since last year.
Singapore's relaxation of its immigration policies is also designed to facilitate the relocation of foreign entrepreneurs and professionals, according to AsiaBiz. This is done through programs such as Entrepreneur Pass.
"In addition to investing heavily in infrastructure and human capital to meet global competition, Singapore is focusing on developing Singapore into the 'talent capital' of the global economy," Malhotra says. "This is good news for those looking for low taxes, a clean regulatory system, high quality of life and a lucrative place to incorporate and base their business."
For more information about AsiaBiz and its Singapore incorporation services, visit http://www.asiabizsetup.com
About AsiaBizSetup
Based in Singapore, AsiaBizSetup is the leading provider of incorporation and related services to foreign companies and entrepreneurs. For more information, visit us at http://www.asiabizsetup.com
Source: PRWeb: Legal / Law
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