Doing Business in the United Kingdom VS Singapore – A Comparison
Entrepreneurs choosing between starting a business in the United Kingdom and Singapore are evaluating two of the world’s most business-friendly environments. Singapore is renowned for its low corporate tax rates and strategic location in Asia, while 3E Accounting highlights the UK’s robust legal framework, digital company setup, and extensive trade networks. This comparison outlines the key factors for decision-making.
The United Kingdom: Offers a stable legal system, transparent regulations, and a strong emphasis on corporate governance.
Singapore: Known for its efficient bureaucracy, low corruption levels, and strategic position as a gateway to Asian markets.
Taxation
The United Kingdom: Corporate tax is 25%, with various reliefs and incentives available for R&D and SMEs.
Singapore: Corporate income is taxed at a flat rate of 17%, with partial tax exemptions and a three-year start-up tax exemption for qualifying companies. Additionally, a 15% minimum effective tax rate applies to large multinational enterprises from 2025.
Singapore: Incorporation is streamlined and can be completed within a day through the Accounting and Corporate Regulatory Authority (ACRA), with minimal requirements.
Cost of Living and Business Operations
The United Kingdom: Business costs vary by location. You can reduce setup expenses with flexible company setup structures.
Singapore: While operational costs are relatively high, the efficient infrastructure and pro-business policies often offset these expenses.
Access to Markets
The United Kingdom: The UK offers access to global trade routes, logistics hubs, and extensive business finance support programs.
Singapore: As a major trading hub, Singapore provides excellent connectivity to Asian markets and has numerous free trade agreements in place.
Quick Comparison Overview
Here’s a quick overview of the key differences for easy reference.
Factor
United Kingdom
Singapore
Business Environment
Stable, legally transparent
Efficient, strategic Asian hub
Corporate Tax Rate
25%
17% (15% minimum for large MNEs)
Capital Gains Tax
Yes
No
Ease of Incorporation
Online, 1–2 days
Online, within a day
Business Costs
Moderate to high
High, but offset by efficiency
Market Access
Global trade and capital markets
Access to Asian markets
Benefits of Choosing 3E Accounting
When it comes to starting a business in the United Kingdom, navigating the legal and administrative processes can be complex without the right support. That’s where 3E Accounting comes in. As a trusted partner for company incorporation, we provide tailored solutions for entrepreneurs and investors looking to establish a strong business presence. Whether you need help with company registration or expert guidance on setting up businesses in the UK, our experienced team ensures a smooth and efficient process.
Both countries are business-friendly. The UK offers digital setup and global trade access, while Singapore boasts low taxes and regional proximity to Asian markets. See this guide on starting a business in the United Kingdom.
The UK has a 25% corporate tax rate. Singapore offers a flat 17% rate, with exemptions for startups and a minimum 15% effective rate for large MNEs. Refer to this company registration guide for UK tax insights.
Contact 3E Accounting for one-on-one guidance and professional assistance in setting up your UK company.
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.