Singapore - a partner for entering Africa

Singapore is a tiny island nation of 5.6 million people which comprise mainly descendants from China, Malaysia, India and Europe.  Most of the people speak English and a second language, making it an excellent hub for foreign companies to set up regional operational headquarters, and as well as using it as a base for venturing into the region.  Singapore has a reputation for transparency, pro-business policies, and trusted legal and corporate governance systems.  English is the official language of administration and commerce, making Singapore conducive for business.

With the entire country occupying an area smaller than New York City, Singapore companies have always understood the need to look beyond the city-state’s shores to overcome the limitations of a small domestic market.  Their extensive experience in doing business around the region and the world has enabled them to evolve into excellent business partners with a strong track record of delivering integrated solutions and high quality products.

Singapore companies are known for their unparalleled dedication to quality, high standards of delivery and relentless drive to innovate. They excel in fields as diverse as infocomm technology, education, transportation, urban planning, port services and seawater desalination, among others.  At the same time, Singapore has one of the most competitive tax regimes, and coupled with its strong financial systems and its Double Taxation Agreements with several countries, Singapore is ideal place to raise capital for companies to launch their businesses into new markets.   A double tax treaty allows that tax paid can be offset in one of two countries against tax payable in the other, thus avoiding double taxation.  Singapore is a signatory to double tax treaties with many countries throughout the world. Singapore has Avoidance of Double Taxation Agreements with several African states like Ethiopia, Mauritius, Morocco, Rwanda, Seychelles, and South Africa.  Some forms of income are exempt from tax or qualify for reduced rates. These include royalties, dividends and capital gains. For these reasons and more, Singapore companies make ideal business partners who can help you grow your business.

Albarka Africa Investments is located at Johannesburg, South Africa.  It helps companies planning to venture into Sub-Sahara Africa and as well as assisting African companies planning to expand into Asia.  Africa is strong in agriculture and mineral commodities but needs infrastructure, medical facilities and high technology industries.  For more information, please contact Dr. Stanley Ko, Managing Director for Albarka Africa Investments (Pty) Ltd. at s.ko@albarkaafrica.com.

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Dr. Stanley Ko

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