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Why, Where, and How to Invest in Singapore

by Marquette Turner Luxury Homes

in Investing in Property, Real Estate Radar, Resources, Variety

Singapore is undoubtedly one of the best places to set up business in the world, thanks to its well established financial sector, friendly tax regime, supportive government policies, and strong intellectual property laws. In addition, foreigners can set up business in Singapore without many issues, as the process is online. With the guidance of a good agent, it can take as little as one day to register a company in Singapore. As such, you need to consider establishing a business in Singapore, more specifically a private limited company, which is the best form of business.

Why invest in Singapore?

The following are some reasons why you should consider investing in Singapore:

Friendly tax regimeTheSingaporean tax system is business-friendly, as the corporate and personal tax rates are relatively low, and there are several incentives and advantages for entrepreneurs.

Enabling environment– There are very low levels of corruption, a highly developed infrastructure, and a well educated, highly skilled and experienced workforce, all of which support entrepreneurship.

Easy company formation process– The process of forming a company in Singapore is quick and straightforward, making it easy for foreigners to invest there.

Strategic location- The city-state enjoys a strategic economic and geographic location surrounded by upcoming Asian economies, which serve as good markets and a source of finished products and raw materials for the thriving manufacturing sector.

Where and how to invest in Singapore?

Invest in gold- Gold may not be the best speculative investment, but gold bullion is among the best ways to store wealth. Singapore happens to be one of the best places globally to store gold, especially with the recent elimination of taxes on buying and selling gold. There are special places just for storing gold, and it is quite easy to get a good deal from a dealer. Also, instances of buying fake gold are minimal in Singapore. To deal with the problem of gold not being “liquid,” you can have a gold-backed debit card.

Invest in insurance and private banking- Insurance is one of the most popular investment vehicles in Singapore. Several opportunities will open up if you find the right company to work with. With a bit of research and networking, you can get great insurance and private banking opportunities to invest in.

Angel investments- Permanent residents or citizens stand to enjoy lots of benefits by directly investing in Singapore’s Pte. Ltd. Companies. Compared to other countries, there are fewer restrictions on investors.

Invest in property (real estate)- Although property trading in Singapore is costly and has restrictions for foreigners, real estate investment remains one of the best investment options. Also, it acts as a physical asset and store of value. At worst, if there is an unprecedented fall in prices, you still have a place to live or from which you can do business.

Conclusion

To succeed in investing or doing business in Singapore, you must build networks with potential business partners. You can do so by going out and sharing a drink or dinner (or several drinks and dinners) with business partners and associates. It is then over those drinks and meals that you manage to attract investors and make worthy business deals.

 

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