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What about finding workers and payroll costs?

A lot of India based SaaS companies register in Singapore or USA while keeping their entire dev team (and sometimes even the rest of it: sales, marketing, support, etc) in India.

The incentives being ease of international transactions, capital / debt availability, simpler tax policies.

You'd still need to file taxes in India right?

The company in India only has a fraction of the total revenues and barely any profits, reducing the tax liabilities significantly.

All major costs (payroll, devs, marketing etc.) are in India. The only cost is accounting/compliance which is again it seems is lesser compared to India.

We need to file taxes in India for operations done in India, yeah so that actually means that we are increasing the overhead of compliance (adding Singapore compliance). Benefits are better funding opportunities, lesser taxation and financial tools to work for your startup.

It sounds more like your company having an offshore shell company in a tax haven rather than actually moving. These things can work well for sales outside your home country - most multinationals do something like that.

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