5 Advantages of Incorporating A Business in
If you think your business is stable and secure enough, why not take the next step forward and incorporate your business into a company in Singapore! We give you the benefits of incorporating your business today.
1.) Protection of Personal Assets
Incorporating your business separates your personal assets from the business assets legally. It protects your own assets from the creditor once your business faces an unfortunate debt and bankruptcy. Aside from the business debt, creditors may not be able to touch your personal assets even if they file a lawsuit. It happens when you become personally liable to an accident involving the business, collecting damages from you.
2.) Tax Benefits
Many businesses form a company in Singapore due to its tax benefits. Tax deductions are given to incorporated businesses and companies. Singapore has a business-friendly tax system, this country has one of the lowest value-added tax rates.
3.) Saleability
Incorporating your business makes it easier to sell since a corporation is simple to manage and more stable. Because of your business legitimacy and own brand, investors may be attracted to buy your company once you decide to let go of it.
4.) Raising Capital
Corporations can get money by selling stocks or through loans. Borrowing money is much easier for corporations since it is a legitimate business.
5.) Continues Operation
Even if the business owner dies, the business asset will be handed down to the heirs while the corporation will continue its operation with new heads.
Singapore's robust economy, business-friendly tax system, corruption-free government and productive workforce makes the country a perfect place to start your business.
Express Corporate Services is one of Singapore's best incorporation services companies for investors abroad. Express Corporate Services is an expert in company formation in Singapore. Trust only the credible incorporation services company - Express Corporate Services.
