Rikvin Pte Ltd

Singapore Company Registration Specialists

  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Blogs
    • Infographics
    • Industry Guides
    • FAQs
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Contact
You are here: Home / Blogs / Why You Should Do Business in Singapore: Part Two

Why You Should Do Business in Singapore: Part Two

biz_registration_singapore
Read » Why You Should Do Business In Singapore: Part One

Should one start a business in Singapore purely because it is easy to do so? Surely not. Singapore is a great place for entrepreneurs because there are plenty of incentives that help businesses get a head start. The country has designed its business landscape such that it allows you to focus on attaining success without impediments, according to the World Bank’s Doing Business in Singapore report.

Getting Credit for your Business

It is very easy for businesses to obtain credit in Singapore. Singapore has strong collateral and bankruptcy laws that facilitate businesses to access credit. This is substantiated by the credit information index by the World Bank, which points to the large amount of credit information that is available in Singapore.

Credit information systems are very important in the assessment of risk by the lender. In Singapore, it is paramount that the borrower possesses a good credit history that will allow easy access to credit. Singapore’s sound collateral laws also allow businesses to use their assets such as movable property as security to generate capital.

getting credit for your business The high score of the legal rights index of Singapore by the World Bank also indicate the presence of strong legal rights that borrowers and lenders possess in the country.

This contributes to the accessibility of entrepreneurs to credit and impacts a direct positive correlation with higher ratios of private sector credit to GDP.

Protection for Investors

If companies fail to provide adequate protection for their investors, they lose their ability to raise capital that they need for growth, innovation and diversification. Particularly, when minority shareholders lack protection from the government, they will hesitate to purchase of shares that contribute funding for companies. Therefore, effective governmental regulations are needed in promoting clear and efficient disclosure requirements. In addition, these regulations should also involve the participation of shareholders in the major decisions of the company, in order to establish high standards of accountability that confer protection for investors.

Since 2009, Singapore has not budged from the top spot as the world’s most investor-friendly nation according to the Business Environment Ranking by the Economic Intelligence Unit. Specifically, Singapore stands in the highest position in the world’s investor protection index by the World Bank, after New Zealand. This is indicative of the robust protection investors receive, thanks to Singapore economy’s regulations against self-dealing.

protection for investors

Over the years, Singapore’s economic regulations have also effectively enhanced protection for minority investors too. This is attributed to Singapore’s strong emphasis on detailed disclosure requirements, such as the mandatory disclosure of a conflict of interest, or the mandatory review of the terms of a transaction by an external body.

Another factor that accounts for the strong protection for investors in Singapore is the strength of the liability regime of directors. This for instance, interprets that shareholders can sue the director for damages that a buyer-seller transaction causes to the company. In addition, Singaporean Courts can void the transaction upon the successful claim by a shareholder plaintiff, and apply fines and imprisonment against the director of the company. All these measures indicate the emphasis on the transparency and accountability that is offered to investors in Singapore.

An additional factor that illustrates the protection of investors in Singapore is the ease at which internal corporate documents are accessed by minority shareholders in Singapore before and during trial. Singapore’s well-functioning justice system and up-to-date procedural rules also allows minority shareholders to prove their case and obtain a verdict in a reasonable timeframe.

Corporate Taxes in Singapore

corporate taxes in SingaporeSingapore has been the best place in the world to start a business, with regards to the consistency of its tax policies. Apart from consistency, the country’s corporate tax regime was also lauded for the high predictability and low complexity. These are key requirements to stimulate business activity in a country.

The World Bank states that Singapore is among the five countries in the world where it is the easiest for businesses to pay taxes. Companies on average make 5 tax payments in Singapore that amounts to 27.1% of their profit. On top of this, the Government of Singapore has eased the administrative burden of tax compliance on companies by making the payment of corporate taxes faster and easier.

The simplification of tax payments entails consolidating filings, reducing the frequency of payments, and providing electronic filing and payment systems. In addition, the maximum headline corporate tax rate in Singapore is only 17%. After adding on the various tax exemptions and incentives that the country offers to local enterprises, the effective corporate tax rate of Singapore becomes even lower.

All these factors mentioned above leaves little wonder why this island nation of Southeast Asia is today one of the world’s most prosperous nations to start a business. Budding entrepreneurs who wish to launch their business in the Asia-Pacific region should not have to look too far beyond Singapore’s favorable policy environment and landscape of economic competitiveness.

Registering a Singapore Company as a Foreigner?

Many foreign entrepreneurs choose Singapore to start their businesses. Let us help you.

Contact Us

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

Why You Should Do Business in Singapore: Part One
Singapore as the Go-to Banking Destination of Asia

Contact Us

  • Rikvin Pte. Ltd. is a part of InCorp Group. All data collected in Rikvin.com website are part of In.Corp Global’s Privacy terms and conditions.

  • This field is for validation purposes and should be left unchanged.

Learning Guide

  • Incorporating a Company in Singapore
  • Singapore Immigration and Work Visas
  • Singapore Taxation
  • Accounting Services
  • Singapore Business Infographics
  • Singapore Industry Guides

Latest Posts

  • Going Offshore: Cayman Islands Company Incorporation vs Setting Up a BVI Company
  • Why Engage a Corporate Secretarial Services Provider?
  • Singapore Tax Basics: A Must-Read Guide for Business Owners
  • Singapore Dividend Taxes: Everything You Need to Know
  • 2024 Singapore GST Rate Change Transitional Rules
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2025 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy

Sitemap | Terms of Use | Privacy Policy

© 2025 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.