Wealthiest Chinese want to move to Singapore

According to a recent report by the Bank of China and Hurun Report, China has approximately 271 US dollar billionaires and 960,000 high-net worth individuals (HNWIs) and entrepreneurs worth more than S$2 million (10 million yuan) each. However, close to half (46%) of them are considering migration while 14% are in the process of doing [...]

Taking action and building confidence in Singapore

By now, most of us know that President Obama’s job bill has been gunned down. On the very same day, the President’s Council of Jobs and Competitiveness, an advisory board comprised of business, labor and academic leaders, released its “Taking Action, Building Confidence” Report. The Council’s report shared a wide range of ideas aimed at [...]

Singapore signs MOUs with Russia, Korea

Singapore has signed memorandums of understanding (MOUs) with Russia and Korea this month. The MOUs represent Singapore’s commitment to forge strategic alliances that will in turn lead to large-scale collaborations between the countries. According to Mr Chua Taik Him, Deputy CEO of IE Singapore, MOUs are crucial, especially in times of uncertainty, to help companies [...]

Start-ups in good stead to ride on Singapore’s growth

The Singapore Economic Development Board’s (EDB) International Advisory Council (IAC), recently surmised that Singapore’s “best days are ahead,” based on its evolution into a Global-Asia hub over the last half century. The council, which meets biannually to chart Singapore’s future development strategies, concurred that Singapore will remain bullish in tapping opportunities in challenges and in [...]

Singapore to nurture globally competitive enterprises

Singapore’s strategic position in the heart of Asia is a natural boon that has inked its economic destiny since it was founded in 1819. Since then, its stable political history, efficient governance and strong economic ties globally are attractive factors that have continued to attract entrepreneurs and investors to its shores. However, this is just [...]

New tax pact to bolster Singapore-Saudi trade relations

Yesterday, Singapore’s Ministry of Trade and Industry (MTI) announced a new Avoidance of Double Taxation Agreement (DTA) that is set to enhance bilateral trade between the country and the Kingdom of Saudi Arabia (KSA). The DTA, which came into effect early this month, eliminates the duplication of tax payments for Singapore and KSA enterprises operating [...]

Singapore’s industrial property market set to improve

Recently, the media has been abuzz with property news. Many compare Singapore’s property market with Hong Kong’s and highlight how rent is skyrocketing in both cities. For an entrepreneur considering Singapore LLC formation or Singapore subsidiary registration, the barrage of news reports may cause some concern. However, there is positive indication that rent for office [...]

Ireland revamps immigration visa schemes to attract entrepreneurs

In a bid to jump start its recovery, Ireland’s Minister of Justice has recently announced plans to revamp its current Business Permission visa scheme. The scheme that has been in place for more than a decade will be renewed to present Ireland more favorably to foreign entrepreneurs who wish to set up businesses there. This [...]

Singapore remains attractive to Indian entrepreneurs

There are many factors that make Singapore an attractive migration destination for entrepreneurs from all over the world. Last year, the bustling island received top rankings from the World Economic Forum, World Bank, Gallup and ECA International amongst many other institutions as the city with the most competitive economy, highest ease of doing business, most [...]

Singapore’s biomedical sector presents opportunities for tech start-ups

Latest data from the Ministry of Trade and Industry of Singapore indicates that the biomedical sciences sector, which has a headcount of more than 13,000 and contributes 10% of Singapore’s total manufacturing output, was one of the key factors that bolstered Singapore’s manufacturing sector 13.1% year-on-year growth in the first quarter of 2011. This strong [...]

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