Asiabizservices Talks About Form a Singapore Company Advantages
Singapore ranked second being an attractive employment destination based on the IMD World Competitiveness Yearbook 2004.
by Ashley Varghese Wednesday, December 01, 2010
The city-state, occupying 271.8 square miles on the southern tip of Malay Peninsula and where breathtaking sculptures are a street feat, maintains international recognition on its foreign listings constituting more than 30% of the total listings on Singapore Exchange. Being listed on SGX, the companies are perceived as having effective corporate governance.
Singapore’s gateway leads to global market and international investors. Its SGX is equipped with strategic alliances with major stock exchanges for derivatives and securities markets. In 2006 alone, the funds managed in Singapore reached S$900 billion in total.
Comprehensive is the research coverage in Singapore with more than 100 research analysts and over 20 research houses covering the companies listed on the SGX. For companies newly listed, both the MAS and SGX established a Research Incentive Scheme to spearhead any necessary research coverage.
As accounting is treated with utmost respect and accuracy, the government of Singapore sees to it that its accounting standards are abiding to associations such as the United States Generally Accepted Accounting Principles, International Accounting Standards, and Singapore Financial Reporting Standards, where Singapore is a member country.
In a statement provided by Asiabizservices, its business consultant confides that Singapore is cost-competent with its taxation system, has skilled labor force and renowned talent, and strategic location.
“Singapore provides the advantage of a comprehensive network of Tax Agreements with over 50 countries,” the business consultant wrote, “in the 2005 tax competitiveness report maneuvered by CD Howe, the city-state was distinguished as having the lowest tax rates in the world.”
In addition, the Global Occupancy Cost survey conducted in 2005 by DTZ research company, Singapore was cited to have more cost-efficient office spaces than most cities in Hong Kong, Sydney, and Tokyo.
To stay competitive in the international business arena, the government grooms well local talents that Business Environment Risk Intelligence (BERI) consultancy agency was quoted saying, “Singapore’s labor force is among the world’s best workforce since 1980.” When it comes to attracting foreign highly-skilled individuals, Asiabizservices was proud to state that “Singapore ranked second being an attractive employment destination based on the IMD World Competitiveness Yearbook 2004.”
Located at the center of Southeast Asia, Singapore’s strategic location is within the region of opportunities, where it is poised to serve the fastest-growing markets of the Asia Pacific.
About the Publisher:
For many years, Asiabizservices has served the community by taking charge of Singapore company incorporation, processing the necessary working visas of entrepreneurs or employees, and providing services such as accounting, secretarial and statutory compliance with certain requirements.
AsiaBiz is a company that provides Singapore company registration services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, Singapore accounting services, book keeping requirements, form a Singapore company, and other compliance matters stated under the Singapore law.
For more information:
address: 120 Telok Ayer Street Singapore 068589
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