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.
The beginning of the year brought an increase to Singapore’s economy which is good news for companies operating here. However, the government wants to keep a close eye on what this will mean in terms of costs for businesses in the city-state. The central authorities are also determined to continue offering their support to Singapore, if and when needed. Our Singapore company formation specialists can assist foreign enterprisers who want to start businesses in the Lion city.
The first quarter of 2017 marked an above the average economic growth for Singapore, according to Reuters. On a year-to-year basis, Singapore registered a 2.5% economic increase which surpasses the results registered during the same period of time of 2016. This is also 0.1% above the estimations issued at the end of last year which is why the news is even better. Our company formation specialists in Singapore can assist foreign investors who want to open companies here.
The investment funds sector is one of the best branches of the financial industry in Singapore. In order to encourage foreign professional investors, the Monetary Authority of Singapore (MAS) has proposed the enabling of a new type of structure for investment funds. The new structure would be called the Singapore Variable Capital Company and would be covered by a new law. Our Singapore company formation specialists can offer information on the current types of entities available for incorporating investment funds in the city-state.
Known as a regional financial center, Singapore wants to enhance its regulations to attract more foreign investors with a high interest in the financial technology sector, shortly referred to as fintech. In order to achieve that, the government has signed several cooperation agreements with various countries, the latest one being with France. If you are interested in opening a fintech company in the city-state, our Singapore company formation experts can assist you.
Foreign citizens and companies remained some of the most important investors in Singapore last year, according to a recent report drafted by the government. Most of them registered new companies in Singapore rather than expanding an existing business which highlights Singapore’s economic stability compared to the unstable global economy. This is the most important proof that Singapore has a good reputation among foreign investors. If you are interested in starting a business in the Lion city, our Singapore company formation specialists can advise you.
Until now 2017 is proving to be a good year for Singapore in terms of international rankings in some of the most reputable reports. Among these reports are the Global Startup Ecosystem Report and Ranking and the Global Talent Competitiveness Index (GTCI) in which the city-state occupies top positions. Both surveys analyze work forces all over the world and Singapore is one of the best countries in the world and in the Asia-Pacific region in terms of young talented employees in startup companies. Our Singapore company formation specialists can offer information on the employment legislation applicable here.
During the last few years, the high-tech industry found its way into the financial one which led to the development of a new economic sector all over the world: the financial technology industry. Singapore has picked up the trend and even more, fintech helped it become one of the most reputable financial hub in Southeast Asia, and also at global level. Below we will sum up some of the reasons why Singapore has become one of the most sought fintech destinations in the world. You can rely on our Singapore company formation consultants if you want to open a company in the financial sector here.
In its desire to offer more financial instruments to companies listed on the Singapore Stock Exchange (SGX), the Monetary Authority of Singapore (MAS) has disposed in the introduction of a new program through which it will subsidize the cost of issuing green bonds. The Green Bond Scheme, as it is called, will target companies and investment funds in Singapore. Our Singapore company formation experts can assist foreign investors interested in starting a business in the city-state.