• Home
  • Our Books
  • Our Film
  • Games
  • About Us
  • Contact Us
  • Login

Perspectives on all eras of videogames, computers, technology, and pop culture since 2003

Login

Login
Armchair ArcadeArmchair Arcade
Armchair ArcadeArmchair Arcade
  • Home
  • Our Books
  • Our Film
  • Games
  • About Us
  • Contact Us
  • Login

Should I do Business in Singapore?

Should I do Business in Singapore?
Should I do Business in Singapore?

Should I do Business in Singapore?

December 4, 2020 Posted by A.K. Patel Editorial No Comments

In today’s economy, one of the biggest achievements anyone can have in life is finally being able to secure a self-employment opportunity. But it doesn’t stop there. If the scale of your business allows it, starting your own venture allows you to create employment, thus contributing more to the economy. Well, you will have to think about several things before, when, and after starting the business and the location is definitely one of them. Even as you spread your wings as your business grows, you will need to be strategic on places to invest in.

If recent statistics are anything to go by, Singapore is among the top-ranking nations in Asia when it comes to wealth GDP per capita. It has an appealing score that beats the averages both in the world and in Asia. But does this make it a great country for entrepreneurs to invest in? Well, if your guess is as good as anyone’s this calls for a debate. Here are some guiding pointers to help you decide whether or not to do business in Singapore.

Business Friendly Ecosystem 

If you are in business, you understand what it means to have an ecosystem that favors your expenses. Well, just like in many other places, starting a business in the so-called ‘Garden City’ can be a bit tough and so is running it. The good thing is that getting a business loan in Singapore has become quite easy these days. This is perhaps attributed to the ease of doing business in the country, perhaps due to the amazing economy. The country’s international links, multinational organizations, financial institutions, modern infrastructure, and a strong currency have made investors run that way. You do not have to start big in Singapore because small businesses do not remain small for long, thanks to one of Asia’s giant free economies.  

Strong Personal Safety and Legal System 

We have experienced how businesses end up being frustrated by the local council until the entrepreneur decides to shut it down. That will never happen in Singapore. Despite it being a small country, the government is determined to allow businesses to flourish. The government supports small firms to scale up and internationalize. Its judicial system is the most efficient in Asia, with the main list of fighting corruption and enforce strict laws.  

Excellent Tax Benefits 

Give to Caesar what belongs to Caesar is no exception here, but in this country, Caesar gets what he deserves. Some states are known to extort from their citizens through high taxation. Singapore offers one of the lowest tax rates globally, and new businesses enjoy tax exemption for the first three years. Did you get that? Imagine three good years of generating profits without having to worry about taxes. Moreover, if you are a resident, you will enjoy an income tax rate of 0-22%, depending on how much you earn. If you are into business, start thinking of Singapore investment.

Ease of Starting a Business

Around the World, many Countries are considered business hubs, but no other place beats Singapore. It has been consistently recognized as one of the World’s best places to start a business. Its robust economy has a well developed free-market economy, whose primary purpose is trade, manufacturing, and finance. The country has no external debts, making it even easier for its economy to expand without oppressing the people in the business. That has attracted thousands of multinational corporations (MNCs) to have Singapore as their business headquarters.

World Class Infrastructure 

In business, infrastructure has a great impact on any location, and just a reminder, Singapore’s infrastructure developed in the last decade, so modernity is an assurance. The airports, commercial premises, highway systems, subways, and hotels where shoppers spend when they check-in have marinated productivity. No time is wasted waiting for the next train due to traffic or slow movements due to poor roads. The seaport has a top-ranking reputation for the past two decades, not forgetting how the IT industry and telecommunication have advanced over the past few years.

Full Foreign Ownership and No Currency Controls 

In most cases, when a foreigner wants to invest in a foreign country, they have so many legal requirements to adhere to that limit their investments. This is not to forget higher tax rates and capital restrictions. In Singapore, you can start a business on your own, without any restrictions on the capital structure. No dividends are levied on the rewards of the shareholders. No taxes are imposed on capital gains from the sales made in a business or the capital gains. Foreign currencies are free to make rounds within the country and outside. C

From the above few points, one thing is clear. Any businessman should start thinking of investing in Singapore as far as they have the means. The benefits and strengths outweigh the losses. Your business is more likely to flourish as long as you stay ahead of your competition.

Related

Tags: businesssingapore
No Comments
Share

About A.K. Patel

Correspondent for Armchair Arcade.

You also might be interested in

Strategies for marketing campaigns of your business
Strategies for marketing campaigns of your business

Strategies for marketing campaigns of your business

Feb 20, 2020

User experience, keywords, etc. draw, interact, and convert the audience[...]

Race Team Rivals screenshot collage
Mobile Game Review – Race Team Rivals

Mobile Game Review – Race Team Rivals

Dec 16, 2022

A competitive top-down racer with simple controls and great depth.

Mindfully Expanding a Business
Mindfully Expanding a Business

Mindfully Expanding a Business

Apr 29, 2020

Improving a business has to make sense and not something[...]

Leave a CommentCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • Evercade Alpha TAITO Bartop Arcade coming, more NeoGeo and other cartridges, plus updated game list!
  • What to know about compliance when you play at social casino online sites
  • What are bonus buy slots?
  • 4 Things To Do While Visiting Los Angeles
  • Modern Gaming Monitors: What to Look for When Choosing for Esports Disciplines
  • How to Keep Your Competitive Edge in Online Games
  • The Perks of No Account Casinos
  • The Rise of Digital Libertarianism in Gaming Culture
  • Yukon Gold Casino Review: A Classic Experience Backed by Modern Rewards
  • 10 Underrated Arcade Games You Need to Revisit

Recent Comments

  • Aiodensghost on Official Game List for My Arcade Atari Gamestation Pro
  • keyboredom on Quick guide on how to play on the Internet Arcade
  • Bill Loguidice on Official Game List for My Arcade Atari Gamestation Pro
  • Melanie Levenstein on Official Game List for My Arcade Atari Gamestation Pro
  • George on How to Predict CS:GO/CS2 Skins Prices?
  • Bill Loguidice on Retro Games Ltd to release The Spectrum, fully working ZX Spectrum, and here’s the game list!
  • Derek on Retro Games Ltd to release The Spectrum, fully working ZX Spectrum, and here’s the game list!
  • Bill Loguidice on Retro Games Ltd to release The Spectrum, fully working ZX Spectrum, and here’s the game list!
  • Simon on Retro Games Ltd to release The Spectrum, fully working ZX Spectrum, and here’s the game list!
  • Viktor Špička on Retro Games Ltd to release The Spectrum, fully working ZX Spectrum, and here’s the game list!

Archives

Categories

Explore

android (46) apple (37) ar (37) Arcade (167) Atari (74) atgames (173) book (99) books (98) casino (501) esports (47) firmware (43) Flashback (45) gambling (525) Gaming (40) home arcade (115) htc vive (42) humble bundle (282) humble store (67) ios (37) led (35) legends (40) legends arcade family (46) legends gamer (33) legends pinball (39) legends ultimate (71) Microsoft (40) Nintendo (70) pc gamer (67) pc gaming (53) pinball (43) playstation (55) PS4 (36) retro (34) Sega (38) slots (83) sony (51) steam (145) switch (33) technology (35) update (42) virtual pinball (36) virtual reality (116) vive (34) viveport (42) vr (121)

Affiliates

+ Amazon

The everything store

+ Humble Bundle

Game deals, including name your price bundles

+ Playasia (Play-Asia.com)

Import games and collectibles

+ DJI Store

Amazing drones and related technology

+ Razer

Amazing PC gamer products!

fullSTEAMahead365 Your total news and information resource for all things Science, Technology, Engineering / Mathematics, Art, and Medicine / Health.

Human Advancement Never Stops.

Key Site Statistics

Posts published: 2,547
Latest publish date: May 29, 2025 @ 4:06 pm
Registered user count: 99,026

Contact Us

If you have a question, would like to provide feedback, or otherwise wish to get in touch with us, use this form.

Send Message

Blog Posts by Date

December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Nov   Jan »

Social Media and RSS

Support Armchair Arcade

All editorial content © 2003 - 2025 Armchair Arcade, Inc., an Armchair Creative Services, LLC, property. All rights reserved unless otherwise indicated. All trademarks and copyrights are retained by their respective owners. No content is to be removed or reused from the Armchair Arcade Website for commercial purposes without explicit permission from the principal Armchair Arcade staff, or the original trademark or copyright holders. Armchair Arcade, Inc., is not responsible for the content of any external sources or links. Further, endorsement of any external sources or links is neither implied nor suggested.

We thank you for your support and encourage you to contact us for any reason, including, but not limited to, questions, concerns, business endeavors, or praise. Especially praise.

Armchair Creative Services, LLC, may earn compensation for sales from links on posts through affiliate and other programs. Editorial rigor and objectivity standards are strictly adhered to and any compensation has no effect on coverage or opinions.

Prev Next