When I first started thinking about opening up my own business, I thought long and hard about it for a number of reasons. The main one is because I have seen so many others fail in the same area, so I wanted to make sure that everything was as perfect as could be before I set things in motion. I knew that I wanted to do business in Asia and after reading about a company that handles Singapore company registration among other things, I knew that was where I wanted to start my business, then I could expand into other areas once I was successful enough.
There was never any doubt that I would be successful, mainly because of the research that I did prior to starting my company. I knew that was where others had failed, because they did not carefully plan out every step in the beginning. I chose Singapore because of this research, and also because of the ease of getting registered there. The company that helped me with that has been in the business for a good bit of time as well, and they have explained not only the process of getting registered on their website but also the different incentives of doing business in Singapore as well.
Reading about the tax breaks I would receive was really all the incentive I needed to hear about because I know that paying high taxes can be the death of a business just starting out. Singapore understands that new businesses cannot withstand such a heavy burden right out the door of getting established, so it was good to see that I would not only be able to get registered easily but also save money for the first several years because of the tax incentives of starting up my business there.