Setting Up a Business in Singapore - India Centric | The Singapore India Business Connect
Core Sectors:
The Singapore - India Connect:
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| Sea Lion - Business Park - Singapore |
The Singapore, less than 50 years after it attained independence from Malaysia, Singapore is already an important technological hub and research center and one of the busiest ports in the world.
Despite with few natural resources, Singapore is one of the world's largest trading centers. Official estimates reveal that more than 266 Billion US$ travels through Singapore on a daily basis, making it the fourth largest forex center of the world.
Core Sectors:
Even the country size is small, Singapore manages to pack in almost every industry. Manufacturing, Oil refining, Tourism and travel are the big sectors and emerging industries are Information Technology, Casinos, Health care and Education.
The rising demand for alternate energy resources puts Singapore on the map in a very unique way. It has a huge scope for deep sea explorations and experiments with water based energy production due to its vast and clean stretches of water.
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| Skyline of Singapore |
A recent survey found that four Indian ranked amongst the richest people in Singapore. and the main business leader amongst is the Textile typcoon Murli Kewalram Chanrai, who headed Kewalram Chanrai empire who passed away in 2017.
The Singapore - India Connect:
In the last decade the number of Indian companies in Singapore has more than tripled to more than 4200, reports the Singapore Economic Development Board. Now, India constitutes the largest foreign business community in Singapore. The Reserve Bank of India's report on Indian Investment's Abroad highlighted Singapore as the top destination for Indian overseas Investments.
Singapore hosts the regional headquarters of almost all of India's top IT Companies, including HCL Tech & TCS. Top business leaders quote that citing the city state;s quality infrastructure and flexible immigration policies are the reasons for setting up headquarters.
Companies feel it is a matter of prestige to have their regional headquarters in Singapore and also the tax benefits to enjoy from it.The Fortis Group recently bought a cancer hospital in Singapore for a whopping $33 million SGD.
Factors that favour Singapore as an Important business destination:
- A stable government with liberal policies
- Asia's highest Integrity government
- Open and efficient immigration policy, makes it easy for you to visit and scout for opportunities
- Strategic geographic position with a vast natural seaport.
- Excellent Tax benefits for small and mid size companies, These applies for setting up new companies
- Low corruption
- Highly skilled workforce
- Excellent Infrastructure and superior quality of life
Little India:
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| Little India - Singapore |
The dedicated little area called "Little India" , set center in the town which sits on property even more exclusive than the famous "Chinatown". Little India is a big part of Singapore, offering goods and services of all kinds.
Scrumptious South Indian food centers, with a smattering of North Indian ones, line the crammed walkways. And it is this visual that reinforces the fact that Indians have always had the opportunity to make it big in Singapore.
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