What are the advantages of incorporating in Singapore?

Saw this story today about a startup that can handle all your paperwork for incorporating in and complying as a Singapore based startup for $585 a year.

What are the advantages and disadvantages of running a Singapore based startup?

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I’m interested to explore this too! Maybe you know someone local there that can give us more information?

There are a bunch of (because I don’t know the exact numbers) companies that provide corporate secretarial services. In fact, someone I know personally is in one as such. They handle the paperwork to incorporate for you, conduct and write minutes during AGM, does annual accounting paperwork as well. If your business is of certain profit per year, an external auditor can be hired. Singapore government provide grants too.

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