What is the difference between doing business in Singapore and the USA?
The United States of America is known for many things, some being its art scene, liberty and history. In the business world, the USA attracts a lot of venture capital and has a big hand in international trade. Similarly, Singapore is a great place to establish your startups!
According to the World’s Ease of Doing Business Report 2020, Singapore ranks 2nd and USA’s ranks 6th. Additionally, Singapore’s tax systems are friendly, with 0-17% effective corporate tax as compared to 21% effective corporate tax in the USA.
Through this infographic, both countries will be compared in terms of Demography, Company Incorporation Process, Corporate Tax Rate, Internet Speed and IP Protection Laws, a macro outlook of both Asian countries and ease of incorporating your own company.
Use this infographic as an aid in deciding whether you should start your business in the USA or Singapore!