If you are looking to incorporate or expand your business to Singapore, look no further. Regardless whether you are a seasoned business professional or a budding entrepreneur, we are in a position to dispense the best advice on the various options available.
Setting up a business, especially if you are a non-Singaporean, requires that you be familiar with the policies and systems in place. As such, it may be worthwhile to engage the services of a professional firm to register your company in Singapore. This ensures that your business complies with local immigration laws and policies.
With its pro-business environment and laws, Singapore has established itself as a hotbed for innovation and entrepreneurship, attracting corporates both small and large as the choice destination to relocate.
As one of the world’s easiest places to do business, setting up in Singapore is seamless and efficient for both corporate or individual investors.
Why is Singapore an Ideal location for Business?
Singapore has what it takes for your business to thrive. In 2019, Singapore has climbed to the top of the annual world rankings for competitiveness, this time, according to a report by the World Economic Forum (WEF).
As a gateway to ASEAN and Asia, many companies have settled on Singapore not only for their expansion, but also for their operational headquarters. This can be attributed to Singapore’s attractiveness for its:
- Business-friendly environment
- Supportive government policies (Taxation, Laws and Intellectual Property rights etc)
- Diverse talent pool with the right expertise
- Access to fast growing markets in the region
- State of the art infrastructure and connectivity
- Good Quality of Life
In a series of national ministerial broadcasts on Singapore’s post-COVID-19 future, Singapore Prime Minister Mr Lee Hsien Loong reaffirmed how “Singapore is well placed to connect to the new channels and flows”. Further, he added that the Singapore government will be “Digitising both private and public sectors, building R&D and innovation capabilities”. They will be committed to “Retain and Attract talent, and making investments to contribute to the economy”.
In a ChannelNewsAsia article published 30 May 2020, the Economic Development Board of Singapore (EDB) reported in the first four months of 2020, Singapore have secured about S$13 billion in investment commitments for the “next few years”, Trade and Industry Minister Chan Chun Sing said. Despite the perils of Covid-19, Singapore has exceeded the S$8 billion to S$10 billion which had been projected for the whole of 2020.
This echoes Mr Lee’s calm reassurance that, “When other countries are closing their doors, we are keeping ours open“.
How Immigration@SG Can Help You Secure Your Place in Singapore
At Immigration@SG LLP, we are doing our utmost best to remain available for our clients and foreigners living in Singapore who are really looking into setting up their business in Singapore.
Our work force will be able to support you remotely both during and after the mandatory Circuit Breaker (Phases 1 – 3). We would like to assure you that we will remain operationally functional and continue to support all client queries and applications remotely, without compromising on the quality of advisory all the way through to your application submissions.
We will address your concerns on strategising your application timeline, impact of Covid-19 on application quotas, and whether it is indeed in your best interest to look into incorporation now.