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When you are ready to start a bvi company it is wise to consult with an offshore company formation consultant. All the countries in the world have their own laws and statutes that govern business formation. You may need a nominee director and only an expert lawyer will be able to give you proper guidance.
Most American start-ups now focus on ways to succeed. They like to take a good start abroad where taxes are lower. New companies within the US are now opting to start-up in Singapore and Dubai as this allows them more opportunities for networking the business communities there. Both Singapore and Dubai are business hubs and allow more opportunities for faster growth as compared to the United States where the economy is very slow for a start-up company.
Due to this reason, many American companies now setup a Singapore company first and then expand operations within a few years. They are able to survive and thrive internationally. The wave of globalization allows new companies to get sound business partners and growth opportunities.
When you are thinking of starting up a company in Singapore, it is best to conduct some research online so you can learn how to form a Singapore company easily. You will find several consultants online who can give you free consultation. It is advisable to hire someone who has ample experience in the field.
Singapore is a very rich country where almost 15.5% of the people are millionaires. It is highly industrialized and thus lures foreign investment. The World Bank ranks it as the easiest place in the world to conduct business. Not just that it also enjoys the best quality of life in Asia and is rated as the best economy in the world.
The good thing is that the country’s economy is based on free enterprise and there are no restrictions on foreigners who wish to own a business. Hiring staff and labor is also very easy. There are a lot of skilled and unskilled workers available for work there. Another notable factor is that the country has been ranked top of the list by the World Economic Forum as being most conducive for international trade and investment.
The business tax rates in Singapore are very low as compared to other developed countries. In the US, the corporate tax rate is 35% which is one of the highest in the world. For this reason, more American companies are drawn to Singapore for a business start-up.
Singapore has a lot of promise for businesses and is most appealing to the investment dollar. Compliance with the local laws is easy and this makes the country most attractive for foreign investors. When you are ready to start a bvi company it is wise to consult with an offshore company formation consultant.
Lamika Zuberi (MS-IT) is a SEO/PPC Consultant and writes SEO content for Internet marketing campaigns.