Asia: An Introduction to Doing Business in Singapore in 2020
With its favorable taxation policies and strategic position within Southeast Asia, Singapore offers foreign investors competitive and unprecedented access to the Asian market. Businesses operating in Singapore enjoy over 80 double taxation avoidance agreements, significant tax deductions, and numerous free trade agreements with neighboring Asian nations, according to an article from Asia Briefing.
In addition to its political and economic stability, Singapore stands as a prominent financial center within the ASEAN region. For investors with an international business scope, Singapore offers direct access to the global market. Geographically, Singapore is positioned amongst several thriving Southeast Asian economies, as well as the markets of China and India. The city-state has sought to mirror international business and trade standards, such as those presented by the World Trade Organization and the Organization for Economic Cooperation and Development.
Whether hoping to establish a holding company, branch office, or regional headquarters, Singapore offers foreign investors a powerful advantage in business opportunities, government incentives, and trade relation benefits.
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