In 2017, Singapore has managed to become the most attractive place for doing business for US companies, according to recent reports issued by both the Singapore and US Statistics Offices. Moreover, US businesses injected capital into Singapore companies more than in Japan and China together. Our company formation specialists in Singapore can offer information on the legislation related to foreign investments in the city-state and help you open a company in Singapore.
The amount invested by the US through direct investments came from the great number of multinationals operating in Singapore through permanent establishments. The amount rose to 352,1 billion SGD, the equivalent of 258,9 billion US dollar, and according to calculations it surpassed the investments made in Japan and China together. US companies chose to invest in factories and offices in Singapore, according to the reports.
These investments come on the background of Singapore being one of the most important investors during the last several years. Between 2011 and 2016 the investments made by Singapore companies in the United States rose by 36.9% on annual basis.
Our Singapore company formation consultants can assist foreign investors interested in starting a business here.
Singapore and the United States have a good economic relation enhanced by a double tax treaty and other bilateral agreements, which is why investments between the two countries are mutual. Even if the amounts injected by Singapore companies in the US were not large at first, over time they have caught up with those of large economies such as UK and Japan.
On the other hand, US companies invested most in the large industries in Singapore, such as manufacturing, financial and insurance services, which is what made the Lion City one of the most important FDI recipient in Southeast Asia.
Foreign enterprisers interested in opening a company in Singapore should know that the government offers many incentives and investments aids. For assistance when you want to open a company in Singapore, do not hesitate to contact our Singapore company formation advisors.