{"id":18977,"date":"2021-02-21T07:44:50","date_gmt":"2021-02-21T07:44:50","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/?p=18977"},"modified":"2025-02-11T05:43:56","modified_gmt":"2025-02-11T05:43:56","slug":"a-guide-for-australian-companies-setting-up-in-singapore","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.wlp.com.sg\/a-guide-for-australian-companies-setting-up-in-singapore\/","title":{"rendered":"A guide for Australian companies setting up in Singapore"},"content":{"rendered":"\n

Do you have an Australian company, and are planning to expand and\u00a0start and set up a new company<\/a>?\u00a0<\/p>\n\n\n\n

With Singapore\u2019s strategic location, business-friendly economic policies and a long-standing reputation as a regional business hub, Singapore is an awesome location for Australian companies looking to expand into Asia.<\/p>\n\n\n\n

Singapore is among the top three easiest countries to do business in the world by the World Bank Group<\/a> and, at the same time, is one of the world\u2019s most competitive economies<\/a>. There\u2019s only a couple of countries in Asia where a foreigner like you can set up another branch and conduct business without too many restrictions, and Singapore is one of them.<\/p>\n\n\n\n

If you are running an Australian company and would like to set up a company in Singapore, below are several things that every company looking to set up a company in Singapore should know.<\/p>\n\n\n\n

Why Set Up a Company in Singapore?<\/h3>\n\n\n\n

Singapore\u2019s consistently high rankings in global business reports are substantiated by the country\u2019s stable economy. Singapore\u2019s stable economy can be attributed to a national focus on human capital. In addition, Singapore values services and innovation which makes up for the country\u2019s relative lack of natural resources and land, and you can capitalize on this when seeking to set up a company in Singapore.<\/p>\n\n\n\n

Singapore is a leading regional hub for established industries such as manufacturing, financial services, logistics, healthcare, aerospace, and clean energy. In 2018, Singapore was ranked one of the best countries in the world to set up a new company in, due to its low corporate tax rates. This is in addition to its growing skilled workforce. <\/p>\n\n\n\n

Australia companies incorporating in Singapore will benefit from a variety of pro-business policies like lower personal and corporate taxes, the Global Investor Programme (GIP), as well as step-by-step assistance offered by Singapore government agencies and\u00a0local corporate service providers<\/a>. There are many good third-party services you can turn to if you wish to incorporate a company in Singapore.\u00a0It is relatively easy to register a Private Limited Company in Singapore due to the low barriers of entry. The application for company formation in Singapore can be completed within 2 days!<\/p>\n\n\n\n

Applying for Singapore Work Visas<\/h3>\n\n\n\n

There are several types of Singapore work visas that you may qualify for. Those most relevant to Australian companies and employees are: <\/p>\n\n\n\n