WHY SINGAPORE?
REASONS TO CHOOSE SINGAPORE
Singapore's B2C e-commerce market is worth $4.9 billion.
Singapore's projected disposable income per capita is approximately 29.9 thousand USD.
Over 78% of Singapore's population is under 54. Singapore's young, tech savvy population will drive consumer spending.
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.
The Capabilities Development Grant allows businesses to receive subsidies for up to 70% of qualifying expenses, including training, equipment, and certification costs.
The simple Innovation and Capability Voucher gives $5,000 to small businesses, allowing them to improve business operations.
Globally, Singapore ranks 9th in most competitive places for talent, based on factors such as development, worker motivation, and employee retention rates.
As of 2020, Singapore has a low unemployment rate of 2.8%.
Singapore has the greatest proportion (54%) of highly skilled workers in the Asia-Pacific.
In the first half of 2019, Southeast Asia's private equity markets fundraised $800 million.
Assets under management for Asia Pacific funds grew by 31% annually from 2015 to 2019.
In 2020, the value of private equity and venture capital deals reached $5.15 billion.
In 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.
In 2019, Singapore became the 5th largest recipient of foreign direct investment, attracting over $92 billion in FDI.
In 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.
The number of tech start-ups in Singapore surged from 2,800 in 2003 to 4,300 in 2016.
Singapore ranks 6th in the world for artificial intelligence readiness as of 2020.
In late 2020, Singapore launched a plan to invest $25 billion in research and innovation for over the next 5 years.
Over 37,400 international companies have headquarters in Singapore, which has an extensive network of 23 free trade agreements.
Singapore's strategic location bridges the East and the West, connecting more than 200 trade routes to over 600 ports in 120 countries.
Singapore's economy is expanding rapidly, growing by 3.1% during the first quarter of 2021.
A HEROIC JOURNEY
Tap the market opportunity of Singapore's booming fintech and data economy ecosystems and South East Asia's 600M consumers.