©2018 by Portuguese Business Society - CEPS

Singapore

Turning a New Page

An island nation located in the heart of Asia, Singapore’s robust economy, highly-educated workforce, excellent connectivity, and high standard of living offer businesses the ideal landscape to invest with confidence. Below, find out more about how our key strengths can help you grow your business. 


Singapore’s pro-business climate is anchored by our commitment to nurturing innovation, and pursuing responsible growth. With a strong track record across various facets of economic performance, we provide companies the infrastructure, talent and regulatory support necessary to grow their businesses in a competitive world.

As a small nation with scarce natural resources, a highly educated, productive workforce has always played a critical role in the success and sustainability of our economy. With training programmes put in place for every stage of development, we are focused on building up our people to respond to the challenges of the 21st century workplace.

With sunny weather all year long and a colourful mix of local and global influences, residents of our cosmopolitan city enjoy a first-world standard of living amidst a vibrant cultural landscape. Excellent healthcare, housing and education, plus a rich tapestry of green spaces throughout the city are also what contribute to making Singapore one of the best places in Asia to live and raise a family.

 

FAQ

Singapore Market?

Doing Business Singapore (Singapore Contact): LINK

Market Presentation (AICEP PT): LINK

Singapore side by side comparison to Portugal: LINK

Singapore Branch vs Subsidiary vs Representative Office?

A foreign company planning to setup an office or expand their business in Singapore has several options that they may consider for their company structure.

A key point to note is that a representative office is not allowed to engage in any business activity except market research and liaisoning activities.

Two ways in which a foreign company may conduct business in Singapore are by registering a branch office or setting up a limited liability company (i.e. subsidiary company).

Comparison of the three types of business entity to help a foreign company decide the best structure that is most suited to their particular needs: LINK

Tax Framework in Singapore?

Inland Revenue Authority of Singapore (IRAS): LINK

Corporate Tax Guide (EY): LINK

Tax Update Alerts (EY): LINK

How to setup a company in Singapore?

For more information about how to setup a company consider:

Ministry of Manpower (MOM): LINK

Accounting and Corporate Regulatory Authority (ACRA): LINK

Schemes & Grants in Singapore?

Singapore Economic Development Board (EDB), is a government agency under the Ministry of Trade and Industry.


EDB is responsible for strategies that enhance Singapore’s position as a global centre for business, innovation, and talent. For more about different incentives LINK

Belt Road Initiative (BRI)?

About Belt Road Initiative (BRI): LINK

How Singapore companies can be a part of BRI: LINK

BRI Insights (Enterprise Singapore - IE): LINK

Still have questions? Reach out and a member of our team will get back to you ASAP.


LEGAL and TAX DISCLAIMER: Each person or company that reads the information presented, agrees that is their own responsibility for consulting their own legal and tax advisor as to the tax consequences associated with their options and decisions. Both legal and tax rules governing options are complex, change frequently and depend on the individual/corporate tax situation.

PBS shall not be held liable or responsible for making third party information available to you and any tax or financial consequences that any person or corporate may incur in connection with the information made available.