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.