Did you know- why Flipkart is registered in Singapore??

Flipkart is an e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. The company is registered in Singapore, but has its headquarters in Bangalore, Karnataka, India. It has more that 33000 employees. Flipkart provides E-commerce service to customers. Myntra is subsidiary of Flipkart.

Source of above screenshot- https://en.wikipedia.org

Flipkart is registered in Singapore because of various reasons, some of them are given below-

1. Singapore is politically and economically stable country.

Politically and Economically stable means, there won’t be frequent changes in law and the economy of this country will be least likely to collapse. Economically, Singapore is very strong.

2. Ease of doing business

In last ten years, it has been ranked as Top 1 in ease of doing business index.This is just because friendly policies are business owners, less bureaucracies and efficient systems. Due to this, many start up companies are also registered in Singapore and they are doing business in India.

3. Taxation

In India, Corporate tax is 34 % while in Singapore it is 17% only. So in this case Flipkart has to pay less tax. Also India has tax on dividends, it means when investors get their dividends , they have to pay taxes on it, while in Singapore there is no such tax.