5 Good Reasons to Start a Company in SG

Posted by Cheryl Lee on December 9th, 2020

Singapore Company Incorporation specialist (SCI) analyses why you should choose Singapore for business as well as the benefits Singapore provides to companies looking to head-quarter their Asian operations here.

You will enjoy high degree of personal safety and benefit from a strong legal system

Singapore has the most stable political environment in South-east Asia, offering entrepreneurs and investors a strong sense of security and comfort. The rich variety of dining and entertainment options, world-class education systems, and quality health-care providers in Asia provide an ideal location to raise a family. Moreover, in the event of cross-border disputes, businesses can rely on Singapore’s reputation as a world-class arbitration facility.

Additionally, in its Global Competitiveness Report 2015 – 2016, the World Economic Forum ranked Singapore as having the best IP protection in Asia. The same report recognises Singapore as a country with sound political infrastructure and policy-making procedures; leading to its ranking as the most transparent country in Asia that enjoys a stable business environment.

It is also the least corrupt country in the Asia region, where transparency is valued highly. This is according to the IMD World Competitiveness Report 2015.

Finally, you have access to a highly skilled local talent pool

Based on the Business Environment Risk Intelligence (BERI) Report 2014, Singapore enjoys the highest ranking for labour force in terms of workers’ productivity and general overall attitude. The workforce is highly motivated due to effective company policies, a generally conducive working environment and attractive living conditions in the country.

The availability of the most skilled labour pools in the region is also due to sound education policies, on-going training programmes, and attractive immigration policies.

To add on, in terms of employer-employee relations, Singapore enjoys better working conditions and higher rates of productivity due to more open communication channels and camaraderie between employee and employer. This is according to the Global Competitiveness Report 2015 – 2016.

Conclusion

In the above discussion, we have thrown some light on the quality of life, economics, trade, commerce, and investment scenarios in Singapore. In addition, the leisure and sporting scene is also thriving and growing here. The city is a big gastronomic draw, with a lively dining and entertainment scene that offers some of the best cuisine in Asia along with unique street food. Its warm weather also makes all-year-round water and outdoor sports possible. There are a wide variety of well-tended green spaces and exercise facilities such as the East Coast Park and Botanical Gardens.

Singapore enjoys a unique position in the global economy and plays a pivotal role as the business epicentre of Asia. We, at Singapore Company incorporation, are well adept to help entrepreneurs gain a better understanding of the merits of placing themselves in Asia and opt for Singapore company set-up.

Read more about starting a business in Singapore at Singapore Company Incorporation.