Starting a business in Singapore

Why Singapore?

Singapore is a prime destination for businesses and investors. It boasts excellent connectivity, a robust economy at the forefront of innovation. Singapore's government is friendly and pro-business. The legal and judicial system is transparent and independent. Corporate governance is ingrained in the business culture, and the country is well-known for its robust anti-corruption laws. There is no capital gains tax, dividends tax, estate tax or inheritance tax.

Singapore’s vibrant transportation, business and financial services sectors also help power the economy. Singapore's economy has been ranked as the most open in the world, 7th least corrupt, most pro-business, low tax rates (14.2% of GDP) and has the third highest per-capita GDP in the world in terms of PPP.

Currently, the government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity growth and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub.

Reasons to do business in Singapore include:

A pro-business, open economy
Excellent infrastructure and connectivity
Efficient business environment

Doing Business in Singapore

Like all markets in Asia, Singapore has unique business and cultural considerations that shape a company’s experience. To make business expansion easier, here is a list of important aspects about doing business in Singapore:

Tax obligations
Visa options and requirements
Business registration
The Central Provident Fund (CPF)
Employment considerations
Business etiquette

Planning to set up or further expand in Singapore? Download our Singapore business expansion guide to learn more.

How Tricor can help in Singapore

With over 15 years of experience, Tricor Singapore Pte Ltd (Tricor Singapore) is a leading provider of integrated business, corporate, investor, human resources and payroll, corporate trust and debt services in the region.

Tricor Singapore has a wealth of local knowledge to provide expert advice on setting up and doing business in Singapore, as well as the capability to extend services across Asia and other regions via the international network of the Tricor Group.

Tricor is well positioned to unlock the potential of your business in Singapore and across Asia, and help your company stay one step ahead of today’s diverse and fast evolving regulatory environment.

We are headquartered out of Hong Kong, strategically located in the heart of Asia, and operate across a network of offices in 49 cities across 22 countries / territories.

Tricor Singapore has been instrumental in the support of nearly half of Tricor Group’s Fortune Global 500 clients, and provides investor and IPO services to ~500 companies listed in Singapore and Malaysia.

As the leading business expansion specialist in Asia, Tricor provides the building blocks for, and catalyses every stage of your business growth, from incorporation to IPO.