Singapore Continues To Top List Easiest Place To Do Business

SINGAPORE - April 22, 2020 - PRLog -- "We see an increase in the number of entrepreneurs who are keen on setting up their businesses in Singapore. There is no denying that the country's ranking as the second easiest place to do business is an attractive value that is making more and more business owners consider the Lion City as their gateway in making it big in the Asian region," said Hans.

According to the Accounting and Corporate Regulatory Authority (ACRA), Singapore currently ranks second amongst 190 countries in the Ease of Doing Business List of the World Bank. For the past 12 years, the country has also consistently made it to the Top 3 economies that were easiest to do business with.

The impressive ranking that Singapore was able to receive was due to the fact that the country has one of the lowest corporate tax rates in the world and continues to provide a solid telecommunication and technological infrastructure for new and existing businesses.

Moreover, Singapore boasts of a stable political and economic climate that makes it easier for entrepreneurs to operate a business. In addition, the Singaporean government continues to enhance its regulatory policies to enable new businesses to easily set up shop in the Lion City.

"Having uncomplicated policies is what entrepreneurs also see as a good measure for being a business-friendly destination," explained Hans. "With the absence of red tape, it only takes two and a half days for entrepreneurs to start a business in Singapore. This is one of the great reasons why business owners prefer to set up their ventures here."

Whether it's for knowing how to incorporate a company in Singapore or for simply getting the steps involved in company registration, local and international companies enjoy the assistance of company formation firms to ensure fast and hassle-free business registration.

On top of providing company formation services, most corporate services firms offer business financial solutions like company secretarial services, accounting and bookkeeping, taxation, and audit and assurance services.

"We see the comprehensive solutions that company incorporation firms provide as a key factor itself for the growing number of businesses flocking to Singapore," stated Hans. "When they know that they have a reliable and reputable professional services provider to turn to, it makes running a business so much easier as they know they could count on our knowledge and expertise to handle all their compliance and business needs with ease and efficiency."

The company's team of specialists provides company formation and secretarial services, outsourced accounting, payroll, taxation, audit and assurance, and advisory services, amongst many others.


For company incorporation please visit https://www.corporateservicessingapore.com/company-incorp...