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.
And that is perhaps the best reason to open a company in Singapore; however, these are general terms applicable to all sort of businesses. Strictly related to the commodities sector, it is worth mentioning Singapore has the second largest container port on a global level and it has also surpassed Switzerland in terms of commodities trading earning the first position.
One of the reasons Singapore has become recognized all over the world for its trading facilities is definitely its closeness and good economic relations with China and with the new Silk Road passing right through the Lion City an expansion of the trading industry is highly possible. Also, in 2016 four fifths of the world’s largest oil and gas companies have established their Asian headquarters in Singapore for the same reason: the trading regulations the benefit from here.
Our company formation consultants in Singapore can offer information on the trading regulations imposed by the city-state’s authorities.
Undoubtedly, the great number of shipping companies carrying merchandise in and out Singapore all day long has transformed the Lion City into one of the busiest ports in the world. According to the World Trade Organization more than 30% of the global export-import volume passes through Singapore.
Among the benefits Singapore offers to trading companies all over the world we can mention the easy access to all financial markets in the region, the tax incentives granted to investors, the high-quality infrastructure and the access to a large and diverse talent pool.
For assistance in starting a business in the trading industry, please feel free to contact our company registration agents in Singapore.