Expansion into Singapore During the Pandemic is Still a Good Business Decision

Posted by Cheryl Lee on December 10th, 2021

Nothing could have prepared us for the situation especially the entrepreneurs during this pandemic. Faced with a new complex reality, many companies or businesses have understandably struggled to respond quickly and practically. Businesses have been forced to ‘go digital’  – which has opened opportunities as well as challenges for senior leadership teams. But not all can utilize that method to go through this pandemic.

However, expanding your business is not a bad idea either.

In this uniquely severe global crisis, leaders need new operating models to respond quickly to the rapidly shifting environment and sustain their organizations through the trials ahead.  

Singapore is an attractive place for expanding your company, with its excellent geographic location and connection to the rest of the Asian and global markets. Its strong economy makes expanding business in Singapore an excellent strategic move. Here are some benefits of firms expanding their business in this country.

The Economy Is Thriving

Reports from the World Bank demonstrate how Singapore changed in the last 50 years, transforming from a nation with poor infrastructure into a high-income economy and a truly global hub in the last half-century. The country has a thriving economy with steady growth.

Inflation and unemployment rates are low, and there are even foreign investment programs. That means expansion need not be a significant drain on your budget and resources, as the Singapore Government provides financial and other assistance to welcome you to start your business into the Singaporean market.

Read more about expanding your business to Singapore amidst pandemic at this Singapore Company Incorporation blog.