Singapore has been the land of commercial growth. Singapore remains to be the most coveted business hub in ASEAN [Association of Southeast Asian Nations]. It has had a very high developed economy that has always been very market orientated. Singapore is one of the most pro-business economy as it is the most open economy in the world. It has been ranked the seventh least corrupted economy. Also, Singapore has low tax rates with its Gross Domestic Product [GDP] being 14.2 %. It has the third highest per capita GDP in the world, in accordance to the Purchasing Power Parity [PPP].
Singapore remains to be one of the best choice to start one’s business as it offers most of the factors that are favorable for the inception and growth of one’s business. Firstly, Singapore is low on corruption, which makes it easy to set up one’s business there. Secondly, Singapore has a very stable government. With no political turmoil, Singapore becomes an amenable place to run a business. Thus it is indeed advisable to register company in Singapore.
It is true that Singapore does pose some challenges to start a business, some of them being, scarcity of low cost labor, high lease rates for office premises and high rent for housing. However, with time Singapore has worked on these limitations and the degree of satisfaction of individuals who have their businesses up and running in Singapore has gone up. Going by these improvement one can always vouch for the fact that Singapore is a land that provides fertile grounds for industrial and commercial growth and can go ahead to register company in Singapore.
Singapore also has many consultancy firms that can provide a tailor-made solution to any entrepreneur who has a work plan ready and wishes to start his/her business in Singapore. Having working in Singapore for a long time they know both the strength and limitations of this place very well. Hence they are like a one stop solution for all the queries and problems that the entrepreneur might be facing.
Hence one can definitely be satisfied and convinced that Singapore is the place to register your company and start your business, because Singapore has and will always remain to be the city that encourages bright ideas and ensures that all dreams come true. Thus one should not waste time in trying to find the right place to begin one’s company as Singapore is the best choice that one can ever think of.