Is Singapore The Real Asian Giant For Company Registration

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From a geographical point of view, Singapore is a small country in the Asia-Pacific region. To be precise, it is located at the southern tip of the Malaysian Peninsula. With a total area of ​​square kilometers of only about 710 km, it is clearly one of the smallest countries in the region. But from a purely economic point of view, this little country cannot be called "small" imaginatively. In fact, many business or international analysts call Singapore "The Real Asian Giant".

With one of the best developed economies growing market-driven and growing at a rapid pace, Singapore is the preferred destination for international investors and entrepreneurs. It is the fourth largest foreign exchange center in the world and, more importantly, is the best place to do business year after year through various world reports of excellent reputation.

The more important report of late is the World Bank's Doing Business 2010 Report, which sees Singapore as the easiest place to do business, while also being the most competitive in Asia.

In fact, one of the key factors that puts Singapore above the other major Asian giants ...
... such as China or India is the business-friendly policies of the government. Foreign entrepreneurs based in Singapore who own a Singapore company are treated the same as a local entrepreneur. With 100% foreign ownership allowed in a Singapore-based company, foreign-owned businesses can be registered within one or two business days and can take advantage of all the business and tax incentives that the government provides if the company operates out of Singapore be.

The registration of a company in Singapore can also be completed by foreign entrepreneurs, even if they do not visit the country, and also if they want to run the business from their current country. The other aspect that makes the registration of a company in Singapore simple, straightforward and more important is the absence of any form of corruption, red tape or bureaucracy in the registration process. In fact, this is where Singapore is larger than other economies across the continent. Foreign companies usually complain about how difficult or frustrating it can be when dealing with government agencies in many countries around the world. But Singapore offers such an efficient and streamlined system that there is no corruption or unnecessary barrier to taking up and running a business out of the country.

Investors often feel that Singapore is a risk-free country for their investments, and it is better to manage operations throughout the region from Singapore. This is why the country has seen a tremendous increase in headquarters registrations for the entire Asia Pacific region.

Although the borders of Singapore will always make it a small country, Singapore's economic performance makes it an Asian giant and a force to be reckoned with. This is the most important example of how good vision and proper execution can make a difference to the future of any country. Singapore is not only a small city state, but is the best destination for foreign entrepreneurs as well as investors looking for the best in infrastructure, business policy, growth potential and, of course, the best return on investment.

Bryan Wong is a business analyst who focuses on the Asia-Pacific region and writes several articles on the Asian economy.

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