Singapore has built on its favourable geographical location to become one of the world’s top trading and transportation hubs. Located right in the middle of the Asian time zone, Singapore maintains excellent connectivity and proximity to major Asian economies.
It is today one of the most important gateways to Asia and a bridge linking China and the world.
Singapore is the strategic gateway for internationalising Chinese companies looking to set up or strengthen their presence in the ASEAN region.
China’s Belt Road Initiative (“BRI”), the Master Plan on ASEAN Connectivity 2025, coupled with the China-Singapore Free Trade Agreement, have compelled companies to set up their presence in either Singapore or China.
Entering into a new geographical market is never an easy task. Businesses have to grapple with challenges in language differences, legislation, tax requirements, government policies, manpower, and foreign exchange controls, etc. Hence, choosing the right service provider and advisor is crucial to help you start right and fast.