Reasons why choosing Singapore is the right choice for your business?

Singapore has been improving in the ranking since 2015. It is now tied for third place with Finland, Switzerland and Sweden. Singapore is a city-state in Southeast Asia surrounded by Malaysia. It is one of the richest and most modern cities in the world. It attracts people from all around the world due to its tolerance regarding other cultures. English is also an official language, which makes Singapore a particularly desirable place to relocate. The Singapore created the Global Investor Programme to facilitate permanent residence for foreigners looking to live in the city-state.

Singapore is considered to be a global center of innovation and houses multiple R&D labs for Fortune 500 companies. Companies such as Grab, Sea, Lazada, and Razer also have their Asian offices here. Singapore always collaborates with newer and smaller companies to develop solutions for all types of problems, while also helping these companies grow.

With these innovation capabilities, Singapore is also known worldwide for being a global leader in high-quality manufacturing. The government is planning to invest over 3 billion dollars over five years to further increase the advanced manufacturing capabilities in Singapore, so if you make the move now, your company may take part in this plan.

Setting up a business in Singapore is not only quick and easy but also affordable. Business regulations and processes are becoming more and more transparent. The entire sign-up can be done online, so you can start moving your business even if you aren’t in Singapore yet.

With over 3,000 startups and a global network of over 300 investors, the business environment is thriving. Multinational successful companies work with smaller startups to test and commercialize their solutions while also helping these startups grow and gain exposure.

Innovative spaces like business parks and centers in Singapore help connect startups to expertise and networks, so you can always find the help you need.

Singapore is considered an economy that is always open for international businesses to transfer their overseas employees to Singapore. As long as there is a genuine need for these key executives to relocate to Singapore for work, you should not face any difficulties in securing the right work pass for your employees. Get more information on Types of Visa for businesses

Singapore is located along the path of the major world trade and is one of the most connected countries. It is linked to over 600 ports globally, and more than 200 shipping lines go through Singapore. Once you move, your business opportunities will increase drastically, since you will be within a six-hour radius of any Southeast Asian country, so you will gain access to a growing consumer market.

Singapore has a business-friendly digital and data infrastructure. It is a key figure in the ASEAN-Australia Digital Trade Frameworks Initiative and its own National Trade Platform is a great example of how businesses, banks, logistics firms, customs and other stakeholders can effectively work together in a transparent and open-sourced environment. Singapore also has many free trade agreements that open up global markets to local enterprises.

To attract global talent and help strengthen the country’s position in the competitive technology landscape, the Economic Development Board and Enterprise Singapore announced the launch of Tech@SG last July. It is a two-year programme that makes it easier for qualifying “high-potential” tech firms to bring in professionals via an Employment Pass (EP). EP is a work visa issued by Singapore to foreign employees, following fulfilment of certain qualifications. Tech@SG is targeted towards digital, medtech, fintech, biotech, agritech and cleantech industries who need global experts in cybersecurity, artificial intelligence and data science.

Whether as a professional or as an entrepreneur/investor, Singapore is a preferred destination for those who want to pursue success in a globally competitive arena.

Not only will you get to connect with other countries, but they will also connect with you. The top players in many industries are also in Singapore, and global talents move here. Many international business events and conferences are held in Singapore, so you will be able to form business relationships with many strategic partners, and exchange knowledge with professionals.

Singapore also has a network of 25 free trade agreements globally, so you will be able to trade easily with major economies.