Singapore is a leading financial hub in the Southeast Asia region and the use of technology in wide category of services offered by financial companies have taken the city-state to the highest level when it comes to the development of fintech solutions. In order to attract foreign investors Singapore has singed various fintech agreements with different countries, the most recent one being with Denmark. The Monetary Authority of Singapore (MAS) and the Financial Supervisory Authority in Denmark (FSA) have agreed to help fintech companies to expand their operations in Singapore and Denmark.
If you are interested in starting a fintech business in the city-state, our Singapore company formation specialists can help you with the registration of the company.
The fintech agreement is important for both Danish and Singapore companies as these will receive assistance related to the regulations applicable in the other country upon the expansion of operations. The two countries have also agreed on sharing the latest information and development related innovation in the financial technology field.
Singapore companies seeking to enter Denmark will have access to the newest fintech lab established in Denmark, while Danish companies will have access to all the research and development centers created over the years in the city-state.
Our company formation consultants in Singapore can offer more information on the legislation related to the fintech sector applicable in the Lion City.
Which also applies to Danish companies interested in the recently signed fintech agreement between their home country and Singapore.
Fintech companies seeking to enter the Singapore market will have access to a large talent pool in terms of workforce and to various programs designed to help them merge with the local requirements. With the MAS as one of the supporters of the agreement with Denmark, it is expected for Danish companies to have access to programs like the Financial Technology Innovation Scheme.
Foreign investors interested in starting a business in the financial technology field can rely on the services provided by our Singapore company formation agents, so do not hesitate to contact us.