November 25, 2011 (Powerhomebiz.com) The year 2012 could see a lot of offshore company formations in Singapore as the country grows in stature as one of the best places to do business in the world. 2010 saw over 4000 offshore companies being formed in the country and although there are no official stats on the 2011 figures as yet, the numbers are expected to be higher than the previous year. Many analysts believe that this will be the trend in the coming years in Singapore as each year would witness an increased number of offshore companies being formed than the previous year.
According to SingaporeStartup.com (singaporestartup.com), Singapore has greatly benefited with the rise of the Asian economy and with many Asian entrepreneurs preferring Singapore over other nations for company setup. Not only is the number of foreign owned resident companies in the country expected to rise, the number of offshore companies being managed from overseas will also see considerable growth as there is more awareness of the country’s pro-business policies amongst entrepreneurs from all over the world. Currently, Singapore is ranked as the easiest place to do business by the World Bank in its annual Doing Business reports and the nation allows foreigners to easily setup a company in the country without even visiting it for any purpose. Offshore business owners can complete their Singapore company formation within a matter of one or two working days and there are minimal on going compliance requirements for foreign companies in the country.
As per SingaporeStartup.com, 2012 will be an interesting year for Singapore as although the country is poised to grow economically, there are still a lot of uncertainties in the world economy thanks to the recession in Europe and in United States. There has already been a renewed focus on Singapore thanks to the global recession as the country was one of the few nations that saw robust growth in the past couple of years. However, it is believed apart from Singapore’s vibrant economy, what will attract foreign business owners even more is the incredibly simple and straight forward laws for foreign company owners in the country that include a simplified taxation system and company formation policies.
AboutSingaporeStartup.com
SingaporeStartup.com is a leading portal which focuses onoffshore companies in Singapore. The site provides in-depth guides on how tosetup an offshore company in Singapore and also provides information on laws as well as policies which affect offshore companies in the country. For more information, please visit http://www.singaporestartup.com/