Singapore taxes support economic growth and that is by design. Whereas some countries use taxes merely as a way to collect revenue for government operations, Singapore has chosen to use taxes as a business incentive tool. The country has been so successful at managing its use of tax funds and attracting new business that taxes did not have to be raised during the recent economic crisis. Singapore boasts a large foreign reserves fund and its economic boom is testament to its successful management of money.
In 2010, you may have the best possible business environment for a Singapore company incorporation. Aside from the tax benefits, Singapore has one of the least corrupt business environments in the world. According to Transparencies International Global Report, Singapore is tied with Denmark and New Zealand for the least corrupt country on the planet. What does this mean for business in Singapore?
In 1995, a group of professional individuals with distinct specializations has found its niche—to assist foreigners register and or incorporate their company in Singapore. Since then, the individual expertise was launched in the service of investors under one name—Asiabizservices.
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