<p>The registration of a company in Singapore can bring to the founder great benefits, improving the reputation and enabling the expansion throughout the Asian continent.</p><p>The country is characterized by financial stability and loyal legislation, which allows non-residents from different countries to establish business in Singapore without unnecessary bureaucratic delays.</p><p>It's no secret that the company success depends on many factors. Among the most important are registration country and preparation degree of the future entrepreneur.</p><p>  </p><p>  </p><pre style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: large; font-style: italic; line-height: normal; font-weight: bold; color: #9b7d63; text-align: center;">Business would therefore start in Singapore</pre><p>Singapore is recognized as one of the best countries in the Asia-Pacific region and the world for doing business and one of the most competitive economies. Thanks to a competent approach to intellectual property, namely, as an invaluable asset, the country provides the highest level of protection of intellectual property: 1st place in the ranking in Asia and 2nd in the world. Add here the title of the best country in the world for investment and the title of the most transparent country in Asia for an honest and transparent approach in resolving business problems, and also, the status of the least bureaucratic Asian country.</p><p>There are 4 official languages in the country: English, Malay, Tamil and the synthesis of Chinese dialects - Putonghua. Chinese and English are the most common. Also in Singapore there is already a lot of Russian-speaking population, which facilitates the process of doing business with Russia.</p><p>Singapore can be used as a gateway to enter the markets of Southeast Asia. Also a plus is the fact that Changi airport and country's seaport are some of the busiest in the Asia-Pacific region. The main trading partners are Malaysia, Hong Kong, Indonesia, China, USA, South Korea and Japan.</p><p>Singapore is one of the most advanced telecommunications centers in the world, offering an excellent infrastructure for international communications. In addition, Singapore is the world leader in the design and implementation of e-government. The wide range of corporate technologies offered by Singapore's information and communication companies, including payment systems, solutions in the field of corporate services, business intelligence, security systems, data storage and processing, facilitates the process of doing business in the country.</p><p>In Singapore, one of the lowest corporate tax rates among other onshore jurisdictions in the world, namely 17% (with additional substantial benefits). There is no capital gains tax, which allows companies to develop and achieve liquidity. There is no tax on dividends received by shareholders due to a single-level taxation system, and the quasi-territorial principle avoids the taxation of profits when transferring it to a foreign account.</p><p></p><div style="text-align: center;"><pre style="font-family: Georgia, 'Times New Roman', Times, serif; font-size: large; font-style: italic; line-height: normal; font-weight: bold; color: #9b7d63;">Factors for the success</pre></div><p>Success in business regardless of jurisdiction is affected by the preparedness degree of the future businessman, namely:</p><ol><li class="justifyleft">Availability of sufficient industry knowledge and skills.</li><li class="justifyleft">Ability to objectively assess the level of sectoral competition in the selected market, allowing to identify opportunities and threats and to develop strategies for successful business and attracting customers.</li><li class="justifyleft">Ability to study and assess the risks associated with the chosen type of business. After identifying the potential risks, it is necessary to develop strategies for countering them.</li><li class="justifyleft">Ability to calculate the minimum capital to start a business and support its operation until the first profit. Please note that there is still a risk of exceeding costs and costs of a more established minimum, as a result of which the company may be forced to close.</li><li class="justifyleft">Ability to make a forecast of income and expenses for assessing the company's financial health. Without this ability, business in the long term is doomed to failure.</li><li class="justifyleft">Ability to identify potential customers and make a strategy to maintain their interest in the company by improving the product / service to meet the high demands of the consumer.</li><li class="justifyleft">Talent to determine the optimal location for the business by analyzing demographic data, traffic pattern data, lifestyle data and competitors to determine the location of the main gathering of potential customers.</li><li class="justifyleft">Ability to choose an effective supply platform for goods / services to effectively deliver information about them to consumers.</li><li class="justifyleft">Ability to investigate public policy and monitor this policy independently or with the help of professional advisers in relation to the chosen field of business. You need to know the rules and regulations of regulatory legal acts to prevent fines and other sanctions against the company that hinder business development.</li><li class="justifyleft">Drawing up long-term plans for the development and prosperity of business.</li></ol><p> </p><p>Finding the appropriate jurisdiction for international business is always a difficult task. Businessmen should choose the best combination of different criteria - otherwise, they risk their business.</p><p>Obviously, Singapore meets all the requirements of businessmen who decided to register an offshore company. Most importantly, Singapore is today the safest, private and well-regulated banking center. Although the country recently agreed to follow the guidelines of the US and European tax regulators, it still adheres to its own rules governing the confidentiality of banking transactions.</p><p></p><p style="text-align: center;"><em>If you have any questions, <strong>Castle Family Office</strong> experts are ready to answer them! <strong><em><span face="Calibri" size="3"><span lang="EN-US"><span face="Calibri" size="3"><a href="mailto:info@castle-familyoffice.sg">info@castle-familyoffice.sg</a></span></span></span></em></strong> </em></p>