WHY SINGAPORE?
REASONS TO CHOOSE SINGAPORE
Home to 55,000 startups, Singapore has a dynamic startup scene.
Singapore is the perfect entry to the fast-growing ASEAN market.
Did you know that Singapore has one of the wealthiest consumer markets in the world?
Singapore's B2C e-commerce market is worth $4.9 billion.
Source: OsomeSingapore's projected disposable income per capita is approximately 29.9 thousand USD.
Source: StatistaOver 78% of Singapore's population is under 54. Singapore's young, tech savvy population will drive consumer spending.
Source: IndexMundiDid you know that the Singaporean government has allocated S$8.3 billion over the next 3 years to support businesses?
The Productivity and Innovation Credit initiative allows companies to enjoy 400% in tax deductions (up to $400K) or 60% in cash pay-outs (up to $100K) for improvements in innovation and productivity.
Source: Singapore Company IncorporationThe Capabilities Development Grant allows businesses to receive subsidies for up to 70% of qualifying expenses, including training, equipment, and certification costs.
Source: Singapore Company IncorporationThe simple Innovation and Capability Voucher gives $5,000 to small businesses, allowing them to improve business operations.
Source: Singapore Company IncorporationDid you know that Singapore has the #1 most skilled workforce in Asia?
Source: Monetary Authority of SingaporeGlobally, Singapore ranks 9th in most competitive places for talent, based on factors such as development, worker motivation, and employee retention rates.
Sources: IMD Business School, The Business Times, The Independent Singapore NewsAs of 2020, Singapore has a low unemployment rate of 2.8%.
Source: Singapore Department of StatisticsSingapore has the greatest proportion (54%) of highly skilled workers in the Asia-Pacific.
Source: Staffing Industry AnalystsDid you know that Singapore has over $2 billion in private-market and public sector funds?
In the first half of 2019, Southeast Asia's private equity markets fundraised $800 million.
Source: Thomson Reuters Practical LawAssets under management for Asia Pacific funds grew by 31% annually from 2015 to 2019.
Source: Boston Consulting GroupIn 2020, the value of private equity and venture capital deals reached $5.15 billion.
Source: StatistaDid you know that Singapore is ranked 2nd in the world for ease of doing business?
Source: The World BankIn the World Economic Forum's 2016 Global Enabling Trade Report, Singapore ranked #1 in ease of trade due to its open trade policy, simple tariff structure, and strategic location.
Source: RikvinIn 2019, Singapore became the 5th largest recipient of foreign direct investment, attracting over $92 billion in FDI.
Source: Asia Tech DailyIn 2020, Singapore's tax system was ranked 7th in the world in PwC's Paying Taxes Report, due to business- friendly tax policies, simple tax filing process, and low tax rates.
Source: RikvinDid you know that Singapore is ranked the most innovative nation in Asia?
Source: The Straits TimesThe number of tech start-ups in Singapore surged from 2,800 in 2003 to 4,300 in 2016.
Source: Singapore Department of StatisticsSingapore ranks 6th in the world for artificial intelligence readiness as of 2020.
Source: Oxford InsightsIn late 2020, Singapore launched a plan to invest $25 billion in research and innovation for over the next 5 years.
Source: The Straits TimesDid you know that Singapore has the most competitive economy in the world?
Source: Singapore Economics Development BoardOver 37,400 international companies have headquarters in Singapore, which has an extensive network of 23 free trade agreements.
Source: Asialink BusinessSingapore's strategic location bridges the East and the West, connecting more than 200 trade routes to over 600 ports in 120 countries.
Source: Asialink BusinessSingapore's economy is expanding rapidly, growing by 3.1% during the first quarter of 2021.
Source: Trading Economics
A HEROIC JOURNEY
Tap the market opportunity of Singapore's booming fintech and data economy ecosystems and South East Asia's 600M consumers.
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