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Entrepreneurs and investors looking to establish or expand their businesses in Asia often face a tough decision when choosing between two promising destinations: Singapore and Sri Lanka. Both countries offer unique advantages, making the choice challenging. While Singapore is renowned for its competitive business environment, high quality of life, and efficient processes, Sri Lanka
provides strategic access to South Asia, a growing economy, and abundant natural resources. This article will explore the key factors to consider when deciding between these two countries.
Here’s a quick overview of the key differences for easy reference:
| Factor | Singapore | Sri Lanka |
|---|---|---|
| Business Environment | Highly stable with strong government support | Emerging economy with occasional challenges |
| Corporate Tax Rate | 17% | 14%-30% (industry-dependent) |
| Capital Gains Tax | No | Yes |
| Ease of Incorporation | Streamlined and digitalized | Improving but still bureaucratic |
| Business Costs | Higher but justified by efficiency | Lower and budget-friendly |
| Market Access | Global connectivity and numerous trade agreements | Gateway to South Asia with developing connectivity |
Whether you’re looking to register a company in Singapore or start a business in Singapore, 3E Accounting offers unparalleled expertise and support. From seamless incorporation to comprehensive business solutions, our team ensures a hassle-free experience for entrepreneurs and investors.
Explore our Singapore company incorporation services package to understand how we can assist you. For more guidance, check out our guide to register a company in Singapore. Ready to take the next step? 3E Accounting is here to help. Contact us today to get started.
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Singapore offers a fast and efficient process for company registration, backed by a stable political environment and advanced digital infrastructure, making it more business-friendly than Sri Lanka.
Singapore has a flat corporate tax rate of 17%, while Sri Lanka’s rates vary between 14% and 30%, making company incorporation in Singapore more attractive for many businesses.
No, Singapore does not impose a capital gains tax, which benefits those starting a business in Singapore, unlike Sri Lanka where such a tax applies.
Singapore offers superior advantages for setting up businesses in Singapore, such as global connectivity, streamlined processes, and extensive government support.
3E Accounting provides full company incorporation services tailored to meet the needs of startups, SMEs, and large enterprises.
You can efficiently begin your company setup in Singapore with the support of experienced professionals like 3E Accounting.
Entrepreneurs can access comprehensive corporate secretarial solutions, including dedicated company secretary services to stay compliant with local regulations.
You can contact 3E Accounting to find out more about our services and how we can support your business journey in Singapore.
Abigail Yu
Author
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.