Bowman Offshore Bank Transfers What are the best offshore jurisdictions? | Page 4

Singapore has a territorial tax regime which means that (in general) you’ll only be taxed on business that takes place
in Singapore.
Furthermore, companies incorporated in Singapore can benefit from a broad list of more than 70 tax treaties that
Singapore has concluded with foreign jurisdictions.
Private Limited companies are required to prepare and maintain financial statements and file them in their annual
return to the Accounting and Corporate Regulatory Authority (ACRA) and pay the annual filing fee. Audits are only
required if company gross revenue or assets exceeds SGD 10M.
Singaporean companies require a local director, which may add extra costs.
There are many different government grants, incubators, accelerators, private equity funds and banks who can
provide financing for your business at every stage of development.
Financing is a core component in any business and Singapore provides the best alternative investment market in the
entire world.
Courts in Singapore come under Common Law jurisdiction, which is known for being speedy. For entrepreneurs who
want boots on the ground sourcing from the vast resources in Southeast Asia the Singapore court system can give
them a confident backing for hiring, clear laws and a good government with low corruption levels.
The country is also an important international financial hub. Singapore is recognized as one of the world’s best
private banking sectors offering top-notch corporate banking facilities and a broad-range of banking services,
investment funds and insurance s