Why people prefer to register companies in Singapore?

[sbssingapore]

[Alisa158]

Building an international brand of an enterprise can rapidly improve the international reputation and competitiveness of the enterprise.
Enjoy Singapore's ultra-low tax rate or tax exemption, and can also achieve international legal tax avoidance: Compared with other major economies in the world, Singapore has a lower corporate tax rate (0-17%), which is levied on its corporate profits; the Singapore government has introduced a series of measures To assist foreign persons or institutions doing business in Singapore, they can obtain different levels of tax relief if they meet the conditions. At the same time, the company's business transaction profits outside the country of Singapore may not be taxed by the Singapore government.
Subtly circumventing trade barriers and having the opportunity to obtain more tariff reductions: Free Trade Agreements (FTAs) signed by Singapore and many countries and regions facilitate enterprises to effectively enter the international market, create greater business and investment opportunities, and have Opportunity to get more tariff relief.
Good investment environment: Singapore has signed double taxation avoidance agreements and investment protection agreements with most countries in the world.
Separate legal personality: Singapore company law stipulates that a Singapore private limited company has a separate legal personality. It can participate in litigation, own assets; it can also incur debts. The liability of the shareholders of the company is limited to the amount they have subscribed but not paid in full. As long as the subscribed shares are fully paid, the shareholders of the company have no other responsibility for the company's debts.
Exempted private limited companies whose annual income does not exceed S$5 million are not required to audit,
No foreign exchange controls, easy to raise funds; holding companies can apply for listing on stock exchanges in many countries.

[Mrtcn01]

because of network and tax advantages...

[Wise4myage]

I'm guessing its done for tax purposes?

[Gwenhwyfar]

Probably tax laws

[Preeti161101]

Tax safe zone