Singapore has a highly respected position in the global economy. The country is serves as among the leading business epicenters of the Asia-Pacific region and is therefore known around the world as a suitable location for business activities to be conducted. There are several reasons why Singapore has emerged as a global business hub. Among the primary reasons for Singapore’s enviable status among the international business community are its high level of infrastructural development, the fact that its political system is relatively stable, its government policies which have promoted the growth and development of businesses, and the high level of protection for intellectual property rights. For these reasons as well as several others, companies from all over the world have gained many advantages through the expansion of their business operations to Singapore.
Simplicity of Company Incorporation
According to the latest statistics as published by the World Bank, Singapore ranks second in the world for the purposes of conducting business activities. One important reason behind this high ranking lies in the relative ease of registering and incorporating a company in Singapore. As long as all necessary requirements are fulfilled and the application is submitted in an acceptable manner, the company will be established in a suitable way. Any person who is legally permitted to do so, whether local or foreign, may set up a company in Singapore. Furthermore, there are also online systems which permit anyone who is interested in owning a Singapore-based company to do so in a way which is generally simpler and more understandable than is the conventional method.
In any case, if you plan to start a Singapore company of your own, we at Paul Hype Page & Co are able to serve your needs. We will see to it that all necessary criteria are fulfilled before you set up your company. In this way, you can be sure that your company will be established in a legal and proper manner.
High Level of Security and Safety
Singapore is one of the most politically stable countries in Asia. For this reason, anyone who opts to start a business there will be able to take advantage of the stability which has created a secure and comfortable environment for all investors in the country. People who live in Singapore also experience much personal safety in their daily lives because all laws in Singapore are strictly and justly enforced. Thus, the country enjoys one of the lowest crime rates in the world.
A litany of statistics and surveys from all over the world have been able to agree to the fact that Singapore is home to one of the world’s most business-friendly environments. Among the international bodies which have been highly complimentary of Singapore’s business environment include the World Bank, the World Economic Forum, and the Economist Intelligence Unit. Thus, it should not come as a surprise that multinational corporations from all over the world have selected Singapore as the location from which they conduct their business operations.