Singapore and China have very good trading relations as Singapore is one of the main logistics hub in Southeast Asia and the number of goods passing through the city-state on the way to or from China is very high. However, the two countries continue to enhance these relations by collaborating in other areas also. The latest cooperation between Singapore and China targets the financial sector. Our Singapore company formation consultants can offer information on the financial system in the Lion City.
Surrounded by other renowned ports in the region, Singapore managed to obtain the 29th award as the best seaport in Asia coming ahead Shanghai and Hong Kong. Singapore is well-known for the facilities it offers to trading companies using warehouses in its port or waterways as a transportation means. If you want to open a company in Singapore in the Port of Singapore, you can rely on our company registration advisors.
Singapore’s economy continues to rely on the manufacturing industry as recent numbers released by the Singapore Institute of Purchasing and Materials Management (SIPMM) indicate June was the 10th consecutive month in which the manufacturing sector rose. Exports, factory output, a growing number of orders and inventory have contributed to the success of the Singapore manufacturing sector. Our Singapore company formation advisors can assist foreign investors who want to open a company in this thriving industry.
The Singapore Department of Statistics, Singstat, released a new report which shows the retail industry has started the second quarter of 2017 on a positive note, as sales in this sector rose by 2.6% in April. The report compares sales registered by Singapore retail sector this year with the values reported last year during the same period of time. Our company formation experts in Singapore can assist investors interested in starting a retail shop in the city-state.
Financial analysts in Singapore have brought some good news at the beginning of the month when the Monetary Authority of Singapore, MAS, has conducted a survey on the economic forecast of the city-state. These reported a 2.5% economic growth for Singapore by the end of the year. The previous survey carried out in March predicted a 2.3% increase. Our company registration specialists in Singapore can guide foreign investors interested in starting businesses in the city-state.
The partnership between the private and public sectors in Singapore is proving very useful for e-commerce companies these days, as two new programs were launched. The first one, the 99% SME e-marketplace was recently launched by the players on the private market, while the SME Go Digital Programme is the government’s scheme meant to help small and medium-sized enterprises in Singapore. Our company registration consultants in Singapore can assist those interested in setting up small or larger companies in the city-state.
At the beginning of this month, the Singapore Central Bank released a draft consultation paper through which it proposes the introduction of robo-advisory services for financial companies in Singapore. The proposal comes after two companies have already been authorized by the Monetary Authority of Singapore (MAS) to provide such services. Our company formation specialists in Singapore can assist foreign entrepreneurs who want to open companies in the financial sector.
A recent survey issued by Nikkei Singapore shows that the second quarter of this year brought a significant increase in the private sector. The Purchasing Managers’ Index (PMI) grew up to 52.6 points in April from the 52.2 points registered in March. This was also the highest increase since November last year. If you want to open a company in Singapore and need assistance, our local company formation consultants can guide you.
Not a month passes without Singapore being mentioned in a global survey. This time Singapore ranked as the 3rd model city in the Asia-Pacific region, according to the Cities Motion Index conducted by IESE Business School. Singapore has retained the same position it had last year. Foreign investors interested in doing business in the city-state can rely on our Singapore company formation specialists if they want to open a company here.
Wholesale traders in Singapore have reported a spectacular increase in their incomes since the beginning of the year, according to the Department of Statistics. The report presented by the agency announced a 23.5% growth for the wholesale industry, except for the petroleum segment which registered a slightly lower increase during the first quarter of 2017. Foreign investors who want to open a company in Singapore can rely on our company formation services no matter the industry they choose.
Undoubtedly, Singapore is one of the most advanced countries in terms of digital economy in the world and one of the most popular surveys comes to confirm that. According to the 2017 Competitiveness Index issued by the IMD World Competitiveness Centre, Singapore took the first place in terms digital competences. The programs introduced by the government and which have transformed Singapore into a smart city based on digitization have brought the city-state this position. Our company formation representatives in Singapore can assist foreign investors interested in starting a business in the information technology sector.
The manufacturing industry remains one of the most powerful economic sectors in Singapore as recent reports show the goods produced by local companies have had increased demands in export numbers during the first quarter of the year. The exports of electronic and non-electronic products are the one to have contributed to the generous growth of the trading sector during the first part of the year. Our company formation consultants in Singapore can offer information on the customs regulations related to exporting goods outside the city-state.
IT companies in Singapore represent a great portion of the startup segment. These companies are registering a fast growth, however a little push from the government in collaboration with the authorities is always welcome. This is how a public-private partnership between the representatives of these companies, the Singapore Stock Exchange and the Info-communications Media Development Authority (IMDA) will boost the operation of these businesses. Our Singapore company formation specialists can assist foreign investors interested in starting a business in the information technology industry.
First enabled last year, the Industry Transformation Maps Program was retaken this year with a more focus on the maritime industry. Not only that, but the Singapore government in cooperation with the Maritime Ports Authority (MPA) also agreed in the launch of two new digital platforms which will create deeper connections between the maritime and the trading sectors. Our Singapore company formation experts can assist foreign investors seeking to establish a company in the maritime industry.
The manufacturing industry is perhaps one of the most volatile economic sectors in Singapore, if considering the differences between its evolution at the end of 2016 and the beginning of 2017. A recent survey reports a strong recovery of the manufacturing sector during the first months of 2017, quite the opposite of how last year ended for this industry. Our company formation specialists in Singapore can assist foreign investors interested in exploring the investment opportunities the manufacturing industry offers.
The trading industry has brought Singapore the first position in terms of maritime services for the third time in the last few years, which speaks very well about the city-state’s capacity of adjusting to the latest requirements shipping companies have. Foreign enterprisers interested in starting a business in the maritime industry can rely on the services provided by our Singapore company formation specialists.
The manufacturing industry was once more the engine of Singapore’s economy at the beginning of 2017. This time it was the electronics sector which drove this growth, thanks to the increasing number of exports. Foreign investors interested in opening a company in the electronics industry may receive full information on the company registration requirements from our Singapore company formation specialists.
Since the beginning of the year, the Singapore trade sector registered the highest growth compared to other industries thanks to the increase in the manufacturing segment. According to statistics, April was the months in which the Purchasing Managers’ Index (PMI) rose the most – from 52.2 to 52.6. Further increases are expected during the next few months thanks to a stronger business sentiment. Our Singapore company formation specialists can assist foreign investors interested in starting a business in the manufacturing industry.
Singapore is known as one of the largest producers of computer parts in the world which is why a great number of engineering companies are registered here on an annual basis. This is year, their number is expected to grow even more as the Singapore government has enables various incentive schemes meant to compensate the lack of specialists in the automatic engineering industry. Our local agents can assist foreign investors interested in starting a business with the company registration process in Singapore.
Foreign trading companies seeking to expand their operations in Southeast Asia need to look no further as Singapore was announced as one of the largest commodities trading hub in the world by one of the most prestigious magazines worldwide. Below we will take a look at what Singapore has to offer to foreign investors. Also, our Singapore company formation specialists can assist those interested in starting a trading company in the city-state.
A few years back, the Singapore government has started a collaboration with the Asian Development Bank (ADB) through which private companies would benefit from assistance when contracting funds form this bank. At the beginning of May, the two parties have renewed their agreements so that Singapore private companies coming up with sustainable urban solutions would still benefit from support when accessing finance with the ADB. Our company formation specialists in Singapore can help foreign investors interested in starting a business in the Lion City.
The Association of Southeast Asian Nations, shortly known as ASEAN, is the largest organization in the region which promotes economic cooperation between the countries in Southeastern Asia. In 2018, Singapore will take the chairmanship of ASEAN which is why the officials have already drawn a plan in which trade facilitation and digital economy play the most important role. Our company formation experts in Singapore can offer more information on ASEAN. They can also help if you want to open a company in Singapore.
Singapore has started paying more attention to a commodity which has not been explored at its best until now: liquefied natural gas (LNG). The government has decided to amend the Gas Act in order to accommodate more companies supplying petroleum and petroleum-based products. Foreign investors interested in investing in the oil and gas industry can rely on our company formation services in Singapore.
The real estate market continues to be one of the most prolific economic sectors in Singapore, as recent reports show. The number of real estate sales rose considerably since the beginning of the year. Most of the deals were registered on the commercial real estate segment which has contributed significantly to the income brought to the budget at this point. Our company formation specialists in Singapore can assist foreign investors interested in setting up a business in the real estate industry.
When delivering the 2017 Budget, Singapore’s minister for finance also came with several industry-tailored initiatives. These programs are in line with the Committee for Future Economy (CFE) recommendations are meant to support the best performing industries in Singapore. Among these, the manufacturing, construction, research and development (R&D) and the maritime industries are expected to grow the most in 2017. Our Singapore company formation specialists can assist foreign investors interested in doing business in the city-state.