Why Register Company in Singapore

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Why Register Company in Singapore


[/vc_column_text][/vc_column][/vc_row][vc_row content_placement=”top”][vc_column css_animation=”appear”][vc_hoverbox image=”32578″ primary_title=”About Singapore” hover_title=”About Singapore” shape=”square”]Singapore is a developed capitalist country, known as one of the “four little dragons in Asia”, and its economic model is called “national capitalism.”

According to the 2018 Global Financial Centers Index (GFCI) ranking report, Singapore is the fourth largest international financial center after London, New York and Hong Kong.

 

 

Singapore is also one of Asia’s important service and shipping centers, and has been named a Tier 1 city in the world by GaWC.

Singapore is a member of the Association of Southeast Asian Nations (ASEAN) , the World Trade Organization (WTO) , the Commonwealth (The Commonwealth)

And one of the member economies of the Asia Pacific Economic Cooperation (APEC) .

In November 2019, Singapore ranked third in the “Global Urban Economic Competitiveness List 2019″.

No. 1 on the Global Sustainable Competitiveness List 2019[/vc_hoverbox][/vc_column][/vc_row][vc_row full_height=”yes”][vc_column width=”2/3″ css=”.vc_custom_1593672912903{margin-top: 0px !important;}”][vc_single_image image=”349″ img_size=”full” alignment=”center” css_animation=”fadeIn”][/vc_column][vc_column width=”1/3″ css=”.vc_custom_1593672922295{margin-top: 0px !important;}”][vc_column_text]In the 14th century AD, it was said that a Sumatran prince saw a magical beast as soon as he stepped on the island, and later learned that it was a lion. At this point, the prince named the island “Singapura”, which means lion city. In 1819, the Englishman, Stamford Raffles, transformed Singapore into a trade hub. Singapore’s free trade policy has attracted businessmen across Asia and even the United States and the Middle East. Singapore gained independence on August 9, 1965. In September of the same year, it became a member of the United Nations and joined the Commonwealth in October.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_column_text]

Global hub for business

Headquarters for leading companies

From the world’s large multinational corporations to the fastest-growing startups, Singapore continues to be the partner of choice for businesses.

With the rise of Southeast Asia, companies looking to deepen their presence can also leverage Singapore as a base to build consumer insights, innovate and commercialise solutions for the region and beyond.

Singapore continues to be a gateway to the region for top MNCs and fast-growing start-ups, with their top decision-makers choosing to call Singapore home.

Source: KPMG, “The case for a Hong Kong RHQ tax incentive”, October 2017 (Ranking of top Asian locations for regional headquarters of top 100 technology MNCs in Forbes 2017 Global 2000)

Leading innovation centre in Asia

As a global hub for innovation, Singapore has built a vibrant ecosystem featuring global R&D labs for leading Fortune 500 companies, as well as over 150 venture capital funds, incubators and accelerators. You can also find the Asia-Pacific headquarters of ‘unicorns’ such as Grab, Sea, Lazada and Razer here.Consistently ranked as one of the world’s most innovative cities, Singapore works with companies to develop solutions to solve the world’s most pressing problems.

Source: Cornell University, INSEAD and World Intellectual Property Organization, Global Innovation Index 2019 (Rankings of Asian economies only)

Advanced manufacturing hotspot

With our deep engineering and innovation capabilities, Singapore is recognised as a global leader in high-value manufacturing. We are also the world’s fourth largest exporter of high-tech products.

Under the Research, Innovation and Enterprise 2020 plan, the government is investing more than S$3 billion over five years to further boost Singapore’s advanced manufacturing capabilities.

Source: World Economic Forum, Readiness for the Future of Production Report 2018 (Rankings of Asian economies only)

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2nd most globally connected country

7400 flights to and from Changi Airport weekly | 25 free trade agreements globally | Excellent global transport network | Gateway to Southeast Asia

Singapore is one of the world’s most connected countries, strategically located along the world’s major trade, shipping and aviation routes.

Changi Airport – regularly ranked as the world’s best airport – serves more than 100 airlines flying to about 100 countries and territories globally. Over 62 million passengers pass through the airport a year.

We also link you to more than 600 ports globally, with 200 shipping lines passing through Singapore. Annually, more than 130,000 ships call at Singapore.

 

Business opportunities in Southeast Asia have increased dramatically, with the region boasting remarkable growth in the past decade and attracting record investments from around the world.

Singapore’s strategic location – we are within a six-hour radius of any Southeast Asian country – means that we are an ideal hub from which you can access the region and its growing consumer market.

Our strong historical and trade connections to the region also put your business on the fast track to understanding the nuances of operating in different parts of Southeast Asia.

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Global talents and companies call Singapore home

The world’s top industry players, from startups to multinational corporations, are in Singapore. We are also a magnet for global talent, and a leading destination for business events and business travel.

This offers opportunities for you to form business relationships with new strategic partners, and to exchange knowledge and insights with professionals and entrepreneurs from around the world.

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Singapore has a network of 25 free trade agreements (FTAs) globally that will allow you to trade freely and easily with major economies in the world.

Tax savings and lower or zero tariffs mean exports from Singapore stay competitive. With special rates and easier entry into many export markets, our FTAs help to ensure stability for your business in the long term.

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1st in the world for transport infrastructure

1st in the world for technological readiness

1st in Asia for digital infrastructure

deliver outstanding digital connectivity | World-renowned aviation hub

Connect quickly and effortlessly to our nationwide fibre broadband and to one of the world’s most responsive 4G mobile networks. Singapore will also roll out 5G networks in 2020, with 5G coverage expected to extend across at least half of Singapore by end of 2022.

Our excellent digital infrastructure will ensure your business stays competitive and customer-focused.

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1st most competitive economy in the world

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1st in the world in political and operational stability

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4th largest recipient of FDI in the world

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Resilient and stable economy

Amidst global economic headwinds, Singapore remains one of the world’s strongest economies. Anchored in political stability, low corruption rates and transparent public institutions, we are a trusted partner for businesses.Sound monetary and fiscal policies, together with a robust judicial system, underpin our low-risk economy.

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Healthy economic growth

Bar chart showing that Singapore has the highest GDP per capita among top Asia-Pacific economies in 2018 at US$64,040 per annum

Singapore has a consistently high employment rate, thanks to an agile, adaptable and highly motivated workforce. It also have a fierce commitment to talent development: besides a top-notch education system, Singapore’s nationwide skills development initiatives ensure its people keep up with changes in the global economy.

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Strong investor confidence

Singapore receives more foreign direct investment (FDI) than most of the world’s developed economies, and more than 10 per cent of total FDI inflows to Asia are channelled here. With access to global capital and low levels of risk, businesses can be confident in the potential growth of their investments.

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