Singapore
The island-based city-state of Singapore is ranked 2/190 for Ease of Doing Business, and it's not hard to see why.
Singapore is the 5th largest recipient of FDI in the world, it's main investors being USA, Cayman, BVI, and the Netherlands. Financial and insurance activities account for 53.4% of foreign investment, followed by wholesale / retail trade and manufacturing.
The government actively promotes the country as a R&D / innovation centre by offering tax incentives, research grants, and partnerships with domestic research institutions – and is working to maintain an attractive tax regime for business, offering tax reductions and facilitated loan conditions alongside other benefits.
Singapore has a solid banking system and financial infrastructure, telecoms and transport are both excellent, and its strategic location at a crossroads for shipping and air travel has made it a major trading hub.
But it's not all good. Being a trading hub comes with a massive economic dependence on exports, making it vulnerable to economic downturns. Obtaining work permits is becoming increasingly difficult, though manpower is urgently required for Singapore's tech sectors. Add a lack of tariff protection, high excise levies on cars and petroleum products, limited freedom of speech, and some key sector monopolies – it's not all easy on the island.
On the plus side, though, Singapore's workforce is one of the best qualified in the world. It's diverse, flexible and open to international business. The workforce includes many ex-pats, so much so that the government has recently introduced programs to partially subsidize the cost of recruiting, hiring, and training local Singaporean staff.
AUXADI can become your ideal investment partner in Singapore. From our office, located in Singapore, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.
Singapore
The island-based city-state of Singapore is ranked 2/190 for Ease of Doing Business, and it's not hard to see why.
Singapore is the 5th largest recipient of FDI in the world, it's main investors being USA, Cayman, BVI, and the Netherlands. Financial and insurance activities account for 53.4% of foreign investment, followed by wholesale / retail trade and manufacturing.
The government actively promotes the country as a R&D / innovation centre by offering tax incentives, research grants, and partnerships with domestic research institutions – and is working to maintain an attractive tax regime for business, offering tax reductions and facilitated loan conditions alongside other benefits.
Singapore has a solid banking system and financial infrastructure, telecoms and transport are both excellent, and its strategic location at a crossroads for shipping and air travel has made it a major trading hub.
But it's not all good. Being a trading hub comes with a massive economic dependence on exports, making it vulnerable to economic downturns. Obtaining work permits is becoming increasingly difficult, though manpower is urgently required for Singapore's tech sectors. Add a lack of tariff protection, high excise levies on cars and petroleum products, limited freedom of speech, and some key sector monopolies – it's not all easy on the island.
On the plus side, though, Singapore's workforce is one of the best qualified in the world. It's diverse, flexible and open to international business. The workforce includes many ex-pats, so much so that the government has recently introduced programs to partially subsidize the cost of recruiting, hiring, and training local Singaporean staff.
AUXADI can become your ideal investment partner in Singapore. We offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services
Accounting
We provide corporate accounting administration for global corporations and investments with our unique MultiCountry IT platform.
Tax
We can help sort your international taxes. Our expert tax teams know all the details and will ensure you remain tax compliant.
Payroll
Our international payroll services remove the complexity but keep the confidentiality, using our unique IT system.
Cash management
Cash management is essential for every business – but monitoring and managing your cash flows can be time-consuming. Auxadi can help.
Consolidation and reporting
Our unique MultiCountry IT platform gathers the data from all your international entities, making consolidation and reporting stress-free.
Transfer pricing
We’re on hand to help with your transfer pricing – rely on our local knowledge and expertise.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us. You can see all our materials here.
