Why Indian Companies Should Incorporate in Singapore

As the world becomes increasingly borderless and markets transcend geographical boundaries, it is important for business owners and entrepreneurs to think beyond the traditional idea of starting your company in your own hometown.

You should think about starting or moving your company to a place that gives it the best chance for success and yet remains close enough and relevant to your primary markets.

Countries such as Singapore and Hong Kong have always been “go to” destinations for Indian businesses for several generations, and with good reason.

In this article, we discuss some of the salient features that make it attractive for Indian businesses to incorporate their companies in Singapore.

World Bank’s Global Survey on Ease of Doing Business
1. India ranks #77
2. Singapore ranks #2

Let us understand why.

As an entrepreneur, you are risking your time and capital and have gathered support around your idea by attracting talent, capital and/or partners. Having put your idea into motion, the last thing you want to do is to be dealing with a barrage of regulatory and compliance based hurdles.

Easy Incorporation, Easy Maintenance

Singapore has consistently been ranked among the top in the world for ease of doing business. One of the main reasons is how easy the government has made it to start, maintain or even close down a company in Singapore.

100% Foreign Ownership OK

Singapore does not have any restrictions on foreign ownership of companies and does not require any local shareholders. Which means as a foreigner, an Indian businessman can own 100% of their Singapore Company.

Low Tax

Singapore also offers a very attractive “low-tax” regime which is based on a territorial tax system as opposed to a worldwide tax system. This means that you only pay tax on income derived in Singapore. A Single Tier tax system also ensures that income is only taxed once and is free of tax when distributed as dividends to shareholders.

No Capital Gains Tax. Attractive to Investors

Not having any restrictions on movement of capital and the absence of capital gains tax makes Singapore a very attractive jurisdiction for companies and investors as they would realize a higher return on their investments.

Over a hundred India based entrepreneurs or companies incorporate in Singapore every month. LOL makes the process easy by providing truly free incorporation with no strings attached. If you are happy with our service and would like to engage our other services, you may sign up for our simple all-in-one compliance plan.

Moving to Singapore

Setting up a company in Singapore may be one of the best decisions you make for your business. In addition, many Indian businesses are doing so to migrate to Singapore and give their next generation a better education, a better life, a better future.

If you are looking to migrate to Singapore, set up a no obligation appointment to speak with our immigration specialists.

LOL Corporate

LOLcorporate.com is a 100% digital no-frills platform brought to you by experienced and qualified industry veteran chartered accountants and lawyers who have been in business since 1981.

LOL is the only company that offers a truly free incorporation with no conditions. No, you do not have to appoint us as company secretary to get the “free incorporation”. Free is free. If you are satisfied with our services, you can opt for our all-in-one compliance plan. We also offer a full range of corporate services at simple, affordable and transparent prices. These include Cloud Accounting, Taxation, Payroll, Immigration, and Compliance.

We use a state of the art online platform for all our clients and offer the ability for clients to have access to their own client portal. The platform has been designed to help business owners and entrepreneurs cut through the fog of corporate services offerings for their Singapore entity.

Contact us today to start your company or to move the administration of your company to us.

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