Key benefits of setting up companies in Singapore from a corporate and tax perspective include:
OPERATIONS
Singapore has very good and efficient banking systems. It is quite easy to open or operate bank accounts in Singapore with the option of Swiss Banking Facility.
Smooth inflow and outflow of the foreign funds.
Singapore has the best port facilities. Singapore is a world class hub with excellent transshipment facilities with very short turnaround time.
Singapore has extensive free trade agreements with many countries to facilitate trade and business.
AUDIT COMPLIANCE
A company which falls under the category of Exempt Private Company (EPC) need not get its accounts audited if its annual turnover is less than S$5million.
An EPC is a Pvt. company having less than 20 shareholders and none of the shareholder is a corporate body.
