Which are the advantages of incorporating in Singapore vs USA/Europe?

It depends on what you are looking for.

The main differences come down to:
-Payment processing access
-Where you can open bank accounts
-Tax rate
-Regulator (if you need a financials services license this will be very relevant)
-Tax treaties (if you need that, depending on your situation, the tax laws of where you live etc.)

Your question requires a more complex answer than you would think, because international tax law is complicated. However, if you research each of the points above, you'll get a clearer picture of what the advantages are, which is usually not that clear-cut.

thanks Fredrik. I've seen that and a few others are incorporated in Singapore and that caught my attention

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