By offering a business-friendly regulatory environment, strategic location, and excellent infrastructure for businesses, Singapore attracts global investors and entrepreneurs to its shores. Singapore is among India’s largest trade and investment partners among the Association of Southeast Asian Nations (ASEAN) countries. It is also amongst the largest source of External Commercial Borrowings (ECB) and Foreign Direct Investment (FDI) for India.
Further, many of the Indian start-ups have established their headquarters in Singapore with the intention to penetrate the tax benefits, grant schemes for Startups as well as the Southeast Asian Market.
Singapore allows incorporating a company with the minimum requirements such as one director, one shareholder, one local company secretary, a local address, and just a single $ share capital.
Accounting and Corporate Regulatory Authority (ACRA), the regulatory authority of Singapore offers a fully computerized incorporation process. Further, to encourage entrepreneurship and support budding businesses, the Singaporean Government there also hosts grants, funding, and subsidies for the start-ups such as Start SG Tech, Enterprise Development Grants, Startup SG Equity, Tax Exemption Schemes, and many more.
Considering the business ecosystem provided, Singapore has also been ranked first in the world for its business-friendly regulatory framework.
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