Singapore city remains one of the best cities to live in 2017, as it occupies front positions in various reports issued by prestigious international magazines. The last survey of this kind places Singapore city on the first position in terms of infrastructure. Also, it should not be neglected that the city occupied this place while competing with more than 200 cities. If you are interested in relocating to the Lion City for business purposes, our Singapore company formation consultants can assist you obtain the entrepreneur pass.
Singapore is one of the most appealing countries in Southeast Asia in terms of taxation which is why foreign entrepreneurs choose it when it comes to starting a business. The low business start-up and administration costs are also among the reason why investors decide for Singapore which is a rather small economy compared to a neighboring country like China. A less known fact is that Singapore is the first southeastern state to not be included on the OECD’s black list of tax havens which is why establishing an offshore company here has many advantages. Our Singapore company formation experts can assist those who want to set up an offshore entity.
The manufacturing sector remains one of the best performing industries in Singapore at the beginning of the year, as according to statistics it rose considerably in January compared to the same period of last year. Singapore companies in the manufacturing industry reported a 2.2% increase at the beginning of the year. If you are interested in opening a company in this field, our Singapore company formation experts can guide you through the registration process.
When drafting the 2017 Budget, the Singapore government has also conceived separate funding programs targeting each industry. One of these industries is the legal one which encompasses several segments, among the most important ones being consultancy. With one of the most performant legal systems in the world, Singapore had to keep up with the latest technologies which is why the authorities have set aside 2.8 million SGD for small and medium-sized enterprises (SMEs) in the legal sector seeking to adopt technology. Our Singapore company formation specialists can offer more information the city-state’s legal system.
Education has become one of the top industries in Singapore considering universities here are sought by foreign students all over the world because of the skills they can acquire studying here. Moreover, the local workforce is one of the best examples why Singapore is such a productive country, considering education is the first step to a well-prepared labor force. Lately, startups in Singapore have eyed this sector and started creating various applications schools and universities can use. Our Singapore company formation experts can assist foreign investors interesting in starting a business in the education sector.
The Singapore Stock Exchange (SGX) has issued a draft law through which it proposes all public companies intending to list their shares on the mainboard to put aside at least 5% of the offerings for retail investors. This way, SGX representatives want to acknowledge the importance of retail investors and their presence on the stock markets. Our company formation agents in Singapore can assist foreign investors interested in starting a business in the retail industry.
At the beginning of March, the Monetary Authority of Singapore (MAS) released a new report referring to the country’s economic performance for 2017. The good news is that compared to the first survey issued in December which forecasted a 1.5% increase, analysts now say the economy is set to grow by 2.3%. Foreign investors interested in starting a business in the city-state can rely on the company registration services in Singapore provided by our specialists.
After the Committees on the Future Economy (CFE) stressed the importance of small and medium-sized enterprises (SMEs) to reach markets outside Singapore, the government pledged to support their expansion by enabling a new fund. Through it, Singapore companies will have access to new financing methods. Our Singapore company formation specialists can assist foreign entrepreneurs who want to start a business in the Republic.
Singapore’s new Budget was agreed by all the participants to its drafting that it should be targeted to specific industries, which is why the government has decided that companies would receive assistance based on a thorough evaluation of each sector. Manufacturing is the most important economic sector, however not all its segments have performed well last year and the government wants to even the gaps between these segments. Our Singapore company formation specialists can assist foreign investors seeking to open businesses in the manufacturing industry.
After the 2017 Budget was presented in a general manner, government officials have started explaining in detail some of the measures meant to assist Singapore companies in developing. One of these measures refers to a stronger partnership between the government and industry representatives who are encouraged to adopt innovation. Our company formation experts in Singapore can assist foreign investors interested in opening companies in various industries in the Republic.
At the end of February, Singapore and the United Kingdom announced the renewal of their bilateral Economic and Business Partnership (EBP). The two countries want to improve economic cooperation, as well as to come with new investment possibilities for both UK and Singapore companies in the other state. Our Singapore company formation agents can offer more information on the economic relations and agreements signed with the United Kingdom.
Singapore is currently one of the most attractive investment destinations in terms of company formation in Southeast Asia. The number of foreign investors coming from European countries like Germany, France and Spain, but also from North America and even from neighboring countries says a lot about how attractive Singapore is for foreign enterprisers. Before registering a company in Singapore, a foreign investor should take into account several factors which will be explained below. Our Singapore company formation specialists can assist those interested in opening a company in the Lion City.
The long-awaited 2017 Budget was finally released at the end of February and it came as no surprise to anyone that it is business-oriented and focused on the recommendations of the Committee on the Future Economy (CFE). Economists say that the new budget is “fiscally prudent”, which is good news for Singapore’s economy. Foreign enterprisers interested in opening a company in the city-state can request our company registration services in Singapore.
During the last several years, Singapore has become an important private wealth management hub not only on a regional level, but on a global one. Moreover, Singapore is expected to evolve even more so that by 2020 the city-state will surpass Switzerland, the world leader in terms of offshore wealth management globally. Below we will explain in 5 simple points why it is worth choosing Singapore as a private wealth management center. Our company formation specialists in Singapore can assist investors interested in establishing a trust in the city-state.
Foreign investment levels are expected to remain the same as in 2016 in Singapore this year, despite the macroeconomic uncertainty. This is a good news for Singapore, considering the results registered last year, when the number of foreign enterprisers interested in industries like manufacturing, innovation and technology were very interested in the city-state. Our Singapore company formation experts can offer more information on the foreign investment legislation.
Innovation is at the core of each Singapore company’s growth which is why the Intellectual Property Office (IPOS) has proposed new measures which will help them protect their intellectual property rights. Concretely, IPOS wants to reduce the patent and trademark application fees starting the 1st of April this year. Our company formation specialists in Singapore can offer full information on the legislation related to the protection of intellectual property rights.
Right before the 2017 Budget was released, the Singapore government enabled the Committee on the Future Economy (CFE) to propose a set of measures which would boost the city-state’s economy. The CFE came up with seven strategies which would span over the next decade. Foreign investors interested in investing in the Republic, can rely on our Singapore company formation experts for assistance in starting a business.
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.