In the last few years, Singapore has become a magnet for tourists interested in exploring Southeast Asia and numbers come to confirm this fact once more. According to the Singapore Tourism Board (STB), the number of visitor arrivals and tourism receipts rose last year by 7.7%, respectively 13.9%. Foreign investors interested in starting a business in the tourism industry are invited to get in touch with our company formation specialists in Singapore for details on what is needed to set up a business in this sector.
After the Committee on the Future Economy (CFE) released a document in which is it outlined its proposals for supporting Singapore’s economy, the Monetary Authority (MAS) also issued a report which provides for assisting innovative companies. Financing is one of the key sectors on which the MAS plans to focus on this year. If you are interested in setting up an innovative company, you can ask for assistance from our company formation experts in Singapore.
International Enterprise Singapore (IE), one of the most important governmental agencies in charge with the support of small and medium-sized enterprises (SMEs) delivered a good new at the beginning of the year: the number of Singapore companies expanding their activities abroad has grown considerably. Foreign investors interested in opening companies in the city-state can rely on our company registration services in Singapore.
After announcing a review of the regulations for venture capital (VC) managers last year, at the middle of February the Monetary Authority of Singapore (MAS) issued the consultation paper with the new regulations. The new legal framework aims to make a clear distinction between venture capital managers and investment fund managers. Our company formation specialists in Singapore can assist foreign investors interested in setting up investment funds.
A while back the Singapore Stock Exchange (SGX) has announced several measures which would increase the number of listings and would attract foreign companies interested to trade in Singapore. One of the measures refers to the introduction of new types of shares- the dual class shares. These would give investors the possibility to buy shares with different values. Our company formation specialists in Singapore can explain the listing requirements imposed by the SGX.
At the beginning of the year, the Monetary Authority of Singapore (MAS) announced it will implement new financial reporting regulations in order to adhere to the International Financial Reporting Standards (IFRS). With this occasion, MAS representatives ask business trusts established in Singapore to adopt the new framework starting 2018. Our company formation specialists in Singapore can assist foreign investors interested in setting up trusts in the city-state.
The last three months of 2016 were some of the most profitable ones, as the Singapore economy rose by 1.8% compared to the same period of the previous year. The 1.8% growth was higher than the estimated 1.2%, indicating a rise in the consumption level. Foreign investors interested in opening a company in the city-state, can rely on our local agents for Singapore company formation services.
The Singapore government has announced the launch of the 2017 Budget on February 20th, but until then it called for public feedback on the draft document which was on its website. The Budget Statement will be made public right after its launch. Foreign investors interested in opening a company in the city-state are invited to seek assistance from our Singapore company formation specialists.
As the day in which the 2017 Budget will be released approaches, many governmental agencies hope the Singapore government has taken into account the recommendations they made during the last days of 2016. Among these recommendations are more support for Singapore SMEs trying to internationalize their businesses and broad-base support for these types of companies. If you are interested in opening a company in Singapore, our company registration agents can assist you.
It is a well-known fact the Singapore government takes into account the opinions and desires of the business community, especially when designing programs meant to assist companies in Singapore, moreover if these companies are SMEs. As the 2017 Budget is about to be released, one of the largest financial companies drafted a report in which the expansion of the Productivity and Innovation Credit (PIC) Program was recommended. Our Singapore company formation experts can assist foreign investors interested in setting up SMEs in this country.
One of the largest financial advisory companies in the world has just released a report based on the best residency and citizenship programs for investors in the world, in which Singapore came second in 2017. The Passport Index places Singapore among the best countries to open a company in with a visa-free score of 156 point. If you are interested in opening a Singapore company, our company registration agents can assist you.
The electronics industry in Singapore is starting to show signs of development in 2017. Singapore is specialized in manufacturing several types of electronic components and the investors who want to open a company in Singapore can have good prospects here, as numerous companies have expressed their positive sentiment for the demand in the field. Our team of company formation agents in Singapore can offer more details on how to start a business providing electronic components.
The economic relations between Singapore and Indonesia started 50 years ago and followed an ascending trend ever since. Even so, the ministers for trade and industry in both countries consider there is still room for these relations to improve. For this purpose, Singapore has held the Singapore Manufacturing Federation’s Business Seminar during which the representatives of both states have agreed on how economic ties could be enhanced. Foreign investors interested in starting a business in the Republic, can count on our Singapore company formation experts.
Singapore is a commercial hub in Southeast Asia and trading activities represent one of the major segments of the economy. In the second quarter of last year, the Singapore Stock Exchange (SGX) announced a 5% increase in the net profit which was registered due to the pickup in trading activities. If you want to set up a trading company in the Republic, our company formation experts in Singapore can assist you with the registration process.
Jurong Port is one of Singapore’s nine free zones, as well as one of the most developed residential areas in the Republic. Considering how much the area expanded during the last several years and how much the number of foreign enterprisers has grown, the authorities have decided to open a training institute which will help the Singapore workforce located in Jurong. If you are interested in opening a company in Jurong Port, our Singapore company formation experts can assist you with the company registration procedure.
The manufacturing industry reported very good results at the end of 2016, as in December this field increased by 21.3% compared to the same period of 2015. In order to open a company in Singapore in the manufacturing field the investors will need to respect a set of legal requirements and, depending on their activity, to receive special permits and licenses for a specific activity. It is also necessary to mention that the highest growth for the manufacturing industry was registered in the electronics and pharmaceutical domains. Our team of specialists in company formation in Singapore can provide more details on how to register a manufacturing company.
The mergers and acquisitions market seems to be one of the most promising investment opportunities for enterprisers in Singapore in 2017, according to recent surveys. Initial public offerings (IPOs) are expected to see the most interesting development as Singapore will most likely become the preferred option for those seeking to invest in real estate trusts (REITs). Our company formation specialists in Singapore can offer information on the legislation related to mergers and acquisitions in the Republic.
Tourism is one of the most profitable industries in Singapore, according to data released at the end of last year. This is because together with the adjacent sectors it is one of the most important contributors to the city-state’s economy. If in the last several years casinos were the main attraction for tourists, in 2016 they were replaced by the retail segment. If you are interested in investing in the tourism industry and want to start a business, our Singapore company formation specialists can guide you through the company registration process.
A recent study showed that 2 in 3 Singapore residents prefer stores which also have online shops and even mobile apps. That is because they want to have several options before choosing the right item. Helped by the development of the retail industry in Singapore, many shop owners have heeded the desires of their customers, however many shops still prefer to stick to their physical stores. Below, you can read why opening an online retail store has many benefits for retailers. Our Singapore company formation experts can help you register a company if you want to start an online business in the city-state.
Singapore’s trading relations with China and the European Union helped the city-state hit a record in export numbers in November 2016. According to IE Singapore, the national trade agency, the non-oil domestic exports (NODX) index rose by 11.5% in November 2016 compared to the same month of the previous year. If you are interested in starting a business in the trading industry, you can rely on our Singapore company formation experts for assistance with the company registration procedure.
The manufacturing industry is one of the best sectors to invest at the moment in Singapore. All reports issued by both private companies and the central authorities show this industry registered a three-month increase at the end of 2016, while a separate report announced this upward trend continued during the last month of last year. If you are interested in investing in the manufacturing sector, our company formation specialists in Singapore can assist you with the company registration process.
The number of startup companies in the Republic is higher than ever, as the Government supports foreign investors to open companies in all major investment industries in Singapore. One of the key factors leading to their success and development is access to financing and below we will present the five most important financing options available for startups in Singapore. You should also know that our Singapore company formation experts can assist you with the registration procedure of the company.
Singapore is one of the most important maritime Asian gateways to the Chinese market which is why the Government plans to help companies in this industry by providing them solutions which would help them cut fuel costs in the near future. For this purpose, one of the largest engineering companies in Singapore has enabled a new laboratory which will develop clean energy solutions for the maritime industry in the city-state. Our Singapore company formation specialists can assist foreign investors interested in opening companies in the maritime sector.
Foreign investors have many business opportunities in Singapore and investing in real estate is one of them. Buying commercial property in Singapore for subletting it or using it yourself can be a good investment for those considering this option. Below you will find some interesting pointers on how to choose a commercial property in order to obtain a maximum return on your investment. If you want to buy a property with the aim of starting a business, you should also know that our company registration agents can help you open a Singapore company.
The number of companies seeking to be listed on the stock exchange is growing year after year in Asia. The Singapore Stock Exchange (SGX) is currently one of the most attractive stock exchanges in the Asia-Pacific region. Below we will make a brief comparison between the SGX and some of the best quoted stock exchanges in the world. Our Singapore company formation experts can guide you through the listing requirements imposed by the SGX.