Company Formation Singapore

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

Most Prolific Branches of the Singapore Transport Industry

Updated on Saturday 12th August 2017

Rate this article
5 5 1
based on 2 reviews


The-most-prolific-branches-of-the-Singapore-transport-industryJune was a good month for the transportation sector in Singapore with a production increase of 4.6%. The engineering branch of this industry was the one registering the highest performance in June, as it rebounded from the 12.8% decline in the previous month to a 4.6% expansion. The good news does not stop here as Singapore companies in the transportation sector are expected to improve their income balance by 9% in the third quarter of the year.

Foreign investors interested in starting a business in the transportation sector can obtain information on the regulations they must comply with from our Singapore company formation consultants.

Singapore engineering companies registered the best results in June

Transport engineering is one of the most complex industries in Singapore as it is comprised of several connected branches. One of the most performant branches of this industry was aerospace engineering which registered an output of 24.9% in June, 2.2% higher than the previous month.

Land transportation has also had one of its best moments with an output rising by 23.9% which was boosted by the production of motor vehicle spare parts.

Our company formation advisors in Singapore can also assist foreign investors who want to start businesses in the land transportation industry.

Logistics and transportation go hand in hand in Singapore

Foreign enterprisers who want to open Singapore companies have plenty of opportunities if they decide for the transportation industry. For example, Singapore is a logistics and transportation hub for the whole Southeast Pacific region. Free zones like Banyan LogisPark, and Changi International LogisPark cater to the needs of the largest international companies transporting goods by air; therefore, it is understandable why aerospace is one of the most important segments of the transportation engineering industry. The transportation sector is completed by the marine, offshore engineering and land transport.

Singapore owns 20% of the ship repair global market share and 25% of the aerospace maintenance, repair and overhaul of the Asian market share. At last, Singapore is also home to 6 of the largest automotive distribution centers in Asia.

For assistance in opening a company in the transportation sector, do not hesitate to contact our Singapore company formation experts.

 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Why choose us?

As a DM Advisory client, you will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore. 

Company-formation-Singapore-agents.png

Company-formation-Singapore-cost.png

Company-formation-Singapore-24.png

Company-formation-Singapore-1000.png


Call us now at + 852 8191 3385 to set up an appointment with our consultants in Singapore

 

Online Incorporation

tax-calculator-singapore

Tax Calculator

tax-calculator-singapore

Testimonials

Francesco-Dagnino.jpg

The experts at OpenCompanySingapore.com helped my clients establish a company in Singapore fast and easy. I would definitely recommend them to any foreign investor interested in forming a company in this Asian jurisdiction.

Francesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu

Read more testimonials

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg

We accept online payments

paypal-logo.png