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What are the advantages of setting up a Singapore company?
The advantages of China enterprises setting up companies in Singapore are as follows:

1.? Enterprises wishing to build international brands

Many mainland enterprises set their headquarters in Singapore, register overseas trademarks after registering Singapore companies, and then use this trademark to increase the added value of domestic products, build international brands, and greatly enhance their corporate image.

2.? Enterprises wishing to establish foundations and engage in blockchain /ICO projects.

As the center of blockchain in Asia, Singapore has an enlightened policy. The market already includes more than 30 registered companies related to blockchain business, such as Litecoin, Firecoin and Bitland, covering major blockchain companies in Singapore and offshore Singapore/blockchain projects in China, which can provide financial support for enterprises and avoid taxes reasonably.

3.? Enterprises wishing to make reasonable overseas tax planning.

For SMEs, one of the most practical uses of offshore companies in Singapore is taxation. The Singapore government may not tax the income from business transactions of companies in countries or regions outside Singapore.

Many domestic entrepreneurs and investors register Singapore companies just to collect money for operating in offshore account, and then they can enjoy tax concessions after deducting the purchase cost.

4.? Mainland enterprises that want to use Singapore as a middleman

For foreign trade enterprises without import and export rights, middlemen are established by registering Singapore companies. Foreign orders are handed over to offshore companies first, and then placed in the name of offshore companies to domestic manufacturers, who export them to offshore companies themselves, so that foreign trade can complete the whole transaction process without leaving home.

5.? Enterprises wishing to use Singapore companies to evade trade barriers and return to China for investment.

After establishing a company in Singapore, domestic enterprises can export their products to their own Singapore companies, and then export them to these developed countries as re-exports. To a certain extent, it can avoid discrimination and restrictions of trade and non-trade barriers.

6.? China enterprises wishing to go public for financing.

For large enterprises, overseas listing financing is the most important function of registering overseas offshore companies. If China enterprises go overseas directly, they will be restricted by China's policies and regulations. But it is much more convenient to set up a Singapore company and control the listing of domestic industries.