5 Reasons Why You Want to Own a Business
Your five reasons should take you some time to develop. These are really your life goals. Maybe one goal is "greater happiness". How does starting your own business add to this goal, and how does it subtract? Maybe another goal is "more time with family." Does starting your own business meet this goal. Maybe it will not meet it now, but will it in the future? Is this acceptable?
You might want to make your goals even more concrete. "I want to develop a business so that I have lifelong financial stability and don?t need to depend on another person for support." If this is your reason, be sure to choose a business that will have the best chance for market stability and long term growth.
After you make up these 5 reasons, print them out and post them on your bathroom mirror. Look at them over the next month or so every day. At the end of the month, have they changed? Do you still feel positive that your new business will help meet these goals?
Back to Business Start-Up Quiz.
Check out our various resources and articles on Singapore business
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services in Singapore.
At a Glance
- Excellent tax benefits from small-to-midsize companies: 0% taxes on 100K annual profits (first 3 years), approx. 9% tax on annual profits up-to 300K
- Low overall tax rate of 18% on profits above 300K
- Zero taxes on capital gains in general
- We can incorporate a Singapore company in one day
(after incorporation documents are signed by you)
- 100% foreign shareholding allowed
- Minimum paid-up capital of $1 only
- Singapore rated as #1 in ease of doing business in the world
- Singapore rated as the best place to work and live in Asia
- Immigration visa (entrepreneur pass) available for company owners wishing to relocate to Singapore to run their new Singapore company
Procedure and timeline for Singapore Company Registration
The basic steps are as below:
- Get company name approval
- Prepare registration documents
- Client to sign company registration documents
- Register company
- Open bank account
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