Singapore is known for the high quality of the services and products supplied by IT companies. Moreover, the IT industry is one of the most important pillars of the economy in terms of revenue and workforce, which is why opening a Singapore company in this industry is very popular among foreign citizens who move here with the intention of starting their own business. Many of them are software developers and so a great number of Singapore IT business offer software solutions.
Our Singapore company formation specialists can offer information on the legislation related to the IT field.
Please watch our video on opening a Singapore software company:
Most of the business owners of software companies in Singapore start their own ventures after working and gaining relevant experience with multinationals. From this point view it is good to know that Singapore is the regional headquarters for many large software companies from European and North American countries. It is also useful to know that most software companies in Singapore offer various services and are not limited to only creating and selling programs.
Those who want to open a software company in Singapore can choose between a small, home-run business or a startup. No matter the choice, the company registration procedure must be completed anyway.
Our company formation advisors in Singapore can help you register your company with ACRA and with the tax authorities.
Starting a software business in Singapore implies obtaining certain special licenses from the Infocomm Authority following which they can start operating. We cannot say that there are just a few industries which require software, as Singapore is one of the most technologically advanced countries in the world, therefore companies designing and selling software are essential for the society.
The newest industries where software startups can thrive in Singapore are financial technology, aerospace, life sciences and the biomedical ones. However, the education system in Singapore also relies of specialized programs.
Among the services which can be offered by a Singapore software company are:
For assistance in registering a software business in the city-state, do not hesitate to contact our Singapore company formation consultants.