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.