"Singapore is the gateway to Asia’s bustling technology and financial scene, and home to a diverse and ambitious entrepreneurial community"
Set Up a New Business Today in Singapore
Singapore is an economically and politically stable country known for its ease of setting up a business. Its corporate tax rate is low: 8.5% on taxable income of up to S$300K, capping at 17% thereafter; audit requirements have been exempted for small companies; and newly incorporated companies enjoy substantial tax savings for the first 3 years of operation. On top of all these, the Singapore government offers many incentive schemes and grants to encourage business start-ups. Its 21 free trade agreements (FTAs) with 27 economies and 76 avoidance of double tax agreements (DTAs) also make owning a business very attractive to local and global investors.
Some high-profile Start-ups in the last year include:
- GRAB – Logistics and Transportation
- SEA – General Internet
- AIRTRUNK -Internet Infrastructure
- VIU – Music and Entertainment
- HOOQ – Music and Entertainment
- TRAX – Recognition Technology
- TENX – Fintech
- SUNSEAP – Clean Tech
- KYBER – Fintech
- MyREPUBLIC – Internet Infrastruture
VentureHaven is your Industry Guide to kick-start and materialise your every business venture in Singapore. Garnering more than 2000 clients over 8 years in the business, we come to you with a wealth of experience in incorporation and compliance. Set up a new business in Singapore today, and make us a part of your entrepreneurial journey.
Click to find out more about the following industries and what starting them in Singapore entails.