During the last Singapore has developed so much it became an ideal place to work, live and raise children. With its high-class healthcare system, international school and work conditions in Singapore companies, the city-state is a magnet for foreign citizens. Investors also found great opportunities to put their money into industries such as tourism, real estate and finances.
For more information on the main reasons to invest in Singapore, you can watch the video below:
The first great advantage of investing in the real estate market in Singapore is that there are no restrictions on the purchase of properties by foreign citizens. Also, the prices of properties in Singapore are generally lower than in other developed countries, not to mention the property taxes that have decreased starting with the beginning of 2015. Foreign investors looking for new business opportunities can prospect the real estate construction market in Singapore that provides favorable circumstances at the moment, as around 10,000 new apartments are built in the city on a quarterly basis. Home prices have also gone down thus increasing the citizens’ purchase power.
One of the major decisions when moving to another country is the taxation system and the tax facilities it provides. From a taxation point of view Singapore is one of the most attractive cities in the world. Considering the progressive income tax and the corporate tax, the city-state suits both foreign citizens wanting to work here and investors wanting to open companies in Singapore. Among the tax exemptions one can benefit from are:
Moreover, the Singapore legislation also protects foreign citizens and investors.
The authorities created a large number of incentives for foreign businessmen interested in investing in Singapore. Among these, the most successful are:
We invite you to contact our lawyers in Singapore in order to discover more reasons to invest in the city-state.
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