Setting up a business in Singapore offers numerous benefits. The country’s favourable tax regime includes a low corporate tax rate capped at 17%, with additional tax incentives for startups and SMEs. Entrepreneurs enjoy limited liability, meaning personal assets are protected from business debts and liabilities. Singapore's strategic location and excellent infrastructure provide seamless access to global markets. The streamlined regulatory environment, supported by efficient government services and clear legal frameworks, simplifies the incorporation process and ongoing compliance. Moreover, political stability and a robust economy offer a secure and predictable business environment. With no capital gains tax and an extensive network of double taxation treaties, an LLC in Singapore is also highly advantageous for international business activities. This combination of factors makes Singapore an attractive destination for entrepreneurs and investors looking to establish and grow their businesses.
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