Why Singapore is the top location in Asia to Set Up Company

Posted by Cheryl Lee on May 24th, 2021

The emerging markets of India, China, and other Southeast Asian nations including Vietnam, Thailand, Malaysia, and Indonesia, mean that an ever-increasing number of companies are relocating in this region. 

Here standing firm on the three pillars of a business-friendly environment and supportive government policies; a diverse talent pool with the right expertise; and access to fast-growing markets in and around; Singapore has the most conducive environment for companies looking to relocate and start a company.

Singapore’s future-ready infrastructure

In telecommunication and information technology, the country’s mobile penetration rate is 159%. It is also a top submarine cable hub connected to 23 active subsea cables.  Singapore will also roll out 5G networks in 2021, with 5G coverage expected to extend across at least half of Singapore by end of 2022.

Singapore also has one of the most reliable supplies of electricity in the world. Its power grid has an average interruption time of less than one minute per customer per year and is more reliable than most cities in the world such as Tokyo, London, and New York.

World’s most business-friendly ecosystem in Singapore

Singapore consistently aces World Bank’s Ease of Doing Business index due to its hassle-free business set-up processes. It is also rated as offering the best IP protection, infrastructure, and incentives in Asia by successive World Economic Forum’s Global Competitiveness Reports. 

Strong investor confidence

According to Euromoney Country Risk, Country Risk Survey, 2019 Q3, Singapore is the least risky country for worldwide investment. Singapore receives more foreign direct investment (FDI) than most of the world’s developed economies, and more than 10 percent of the total FDI inflows to Asia are channeled here. With access to global capital and low levels of risk, businesses can be confident in the potential growth of their investments.

Read more why Singapore is the best country to start a business in Asia at this Singapore Company Incorproation blog.