In spite of global disruptions caused by the coronavirus, the rate of new incorporations in Singapore continues to grow strongly.
This upward tick of new company registrations in the Red Dot are being driven by a number of convergent trends, with some of most notable drivers being:
- High expectations that Asia will recover quicker than the rest of the world’s economies post-covid, leading to many new companies flocking to Singapore where it is easier to raise funds and access new customers from a secure platform.
- As many foreign visa holders in Singapore continue to lose their primary employment due to covid hardships and redundancies, many are turning to setting up their own Singapore companies to kickstart their own projects and to sponsor their own work visas.
- Singapore’s attractive tax landscape, streamlined company registration and bank opening process makes it an easy choice for people looking to launch new side hustles from e-commerce to consulting to diversify their income streams.
- Political instabilities in other markets, such as the US & China trade war, have been increasing Singapore’s attractive positioning as a neutral and stable location to do business in Asia that is connected to the world by Double Taxation Agreements and free trade channels.
In addition to these trends, it is now possible to set up a company and bank account in Singapore 100% online. This is great news for many aspiring entrepreneurs, business owners and investors who do not need to put their projects on hold in this period of global uncertainty.
Come and join us on Tuesday 29th September 1:30-2:30pm for a Zoom workshop to hear more about these trends and to learn all you need to know about
- How to start a New Business in Singapore
- How to keep your Company Fully Compliant in Singapore
Who this session will be relevant for
- Anyone curious about learning key details to start their own business in Singapore
- Anyone who already has a registered business in Singapore and may be looking to understand how to manage their company’s regulatory, tax and accounting compliance.
About the speakers
The webinar will be run by two of our Community Members from the ABD-DutchCham Startup & SME Community, Daniel Spencer, Head of Business Development & Partnerships at Sleek and Maxim van Veluw, MD Asia Pacific at Corpag.