<p>Entrepreneurs who want to create a trading business in Asia should first of all consider Singapore as a base for operations. According to a recent report by Ernst &amp; Young "<span>Beyond Asia</span>: new patterns of trade", Singapore became the leader in the Asia-Pacific region in the field of bilateral free trade agreements (in general, Singapore today officially concluded 18 such agreements).</p><p>   The report also noted that there is significant growth potential within regional trade in Asia. Singapore remains the leader in economic openness in the region, for comparison, for today Hong Kong has only two agreements on bilateral free trade. Singapore also has free trade agreements with countries with powerful economies outside and within Asia - China, European Union, Australia, India, Japan and South Korea. Thanks to numerous trade agreements, the World Economic Forum called Singapore the most open country for international trade.</p><p>   ТSuch data is certainly good news for anyone who wants to create a trading business in Singapore. The profit of a trading company, openness of the market, and reputation are especially important if the company conducts its business across borders. This is important because, when transporting and storing goods, you can face various difficulties, such as high customs duties or even confiscation of goods due to trivial rules.</p><p>   Bilateral free trade agreements that eliminate tariffs, import duties and other restrictive requirements are a great incentive for business and the economy. The most obvious and direct benefit is that these agreements help to reduce trade barriers that ensure the economic delivery of goods and services between countries. This leads to the expansion of markets in the future.</p><p>   Tax incentives aimed at trading enterprises are one of the main reasons why Singapore is the best place to register a trading company. Companies in this industry can get a 5% - 10% rate on the Global Trader Program.</p><p>   Singapore also recently abolished the tax on goods and services in relation to investments in precious metals, which allowed Switzerland Metalor Technologies to build a refinery plant for 18 million Singapore dollars and a factory for the production of gold bars.</p><p>   Even for companies that do not trade, the corporate tax rate in Singapore is one of the reasons why companies do business there. In order to attract investors and international companies, the government continues to reduce the corporate tax rate, for example, the rate in 2000 was 26%, and at the moment - 17%. Finally, the absence of a capital gains tax also makes Singapore an ideal environment for financial traders and investors.</p><p></p><p style="text-align: center;"><em>If you have any questions, <strong>Castle Family Office</strong> specialists are ready to answer them! Write to us at: <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>