How To Start A Business In Singapore

At present, Singapore is China's fourth largest trading partner, and Singapore has 1160 Chinese enterprises, many of which are Fujian enterprises.

What are the investment environment, financing channels and entrepreneurial opportunities in Singapore?

This is a topic of concern for many Fujian enterprises.

From February 28th to March 4th, as the only media in our province, the newspaper was invited to participate in the national media delegation to Singapore, and interviewed face-to-face interviews with the Minister of trade and industry, the director of economic development and the Minister of health respectively.

Yang Rongwen, Minister of Singapore Trade and Industry Department: Singapore's bridge role: Fujian's imports from ASEAN countries increased by 34% last year, after Taiwan, Japan and South Korea. The volume of exports from Fujian to ASEAN last year was 1 billion 363 million 880 thousand US dollars, an increase of 11.4%, ranking fifth, and a considerable part of it was the volume of trade with Singapore.

Nowadays, Fujian goods can be seen everywhere in Singapore, such as Anxi Tieguanyin, which is unknown in Singapore.

There are many opportunities for Fujian enterprises to come to Singapore.

Because China's trade with India is strengthening now, and Singapore is a good bridge. Singapore's ethnic Chinese and India account for 77% and 8.1% of the population respectively.

In addition, Singapore's financial and other systems are very sound, attracting more than 6000 global multinationals to invest here, and quite a few multinational companies have their Asia Pacific headquarters in Singapore.

Of course, Singapore also has its own concerns.

Singapore's economy depends on the world and the environment. China, Japan, Europe and the United States have their own policies. We have to be flexible. This is our biggest concern, but this is also a very strong driving force for Singapore's development.

Singapore's positioning is a relatively neutral role, and its service targets are relatively wide. Singapore's role as a bridge between East and West will never change.

Huang Bingwei, director of the Singapore Economic Development Council: Singapore is the ideal destination for financing, and Singapore is an ideal channel for Chinese enterprises to raise funds from the international market.

As a world-famous financial centre, Singapore has more than 800 professional financial institutions to provide first-class international services to its customers.

Abundant capital and its active financial market provide investment guarantee for enterprises seeking financing and listing.

In particular, as a world-renowned fund management center, the total amount of funds managed locally has increased by more than 26% since 1992. In 2001, the total amount of the fund has reached 300 billion NTK, and it has provided a strong impetus for enterprises needing capital for development.

Singapore law is strict, but it also emphasizes the pro business concept and pro business environment, which provides a good investment guarantee for local and overseas investors.

The number of Chinese enterprises in Singapore has reached 1160, with a total investment of US $600 million, of which the investment in 2003 amounted to US $98 million.

At present, there are 32 Chinese concept stocks listed on the Singapore Stock Exchange, including 14 in 2003. Among them, the enterprises from Fujian have ha Xin, Xiamen Sanda and so on, and have achieved good results, such as Xiamen Sanda, which was listed in Singapore last year, but its share price doubled in half a year.

The advantage of Singapore exchange is the high degree of internationalization. Secondly, it is convenient for pactions. The new stock exchange has the latest technology so that member enterprises can design their order system to trade anywhere from the world according to the requirements of the enterprises. Third, the new exchange has been regarded as an effective market, which is very attractive for enterprises wishing to have good corporate governance and disclosure.

In addition to the main board, Singapore's second board market provides fund-raising channels for emerging enterprises. Many Chinese enterprises with good business concepts and growth potential are not necessarily eligible to raise funds on the main board of China or Singapore, but they can be listed on the second board market in Singapore. More importantly, Singapore has no control over foreign exchange and capital flows, and the funds raised for issuing new shares and selling old stocks can freely flow into and out of Singapore.

Huang said.

Yuan Zhao, chief executive of Singapore Asia Pacific Capital Management Private Limited, believes that compared with Hongkong stock market, Singapore stock market is more attractive to the food industry, the environmental protection industry and the manufacturing industry.

Compared with the mainland, the new listing time is usually 8~9 months. The fastest time is about half a year, generally speaking, it is much faster than the mainland.

However, he pointed out that for mainland enterprises, the best way to get listed in Singapore is to make it easier through the relevant companies in Singapore. The commission costs in this regard are roughly 10% of the total financing.

Xu Wenyuan, a native of Anxi, Fujian, is currently Secretary of health in Singapore. Singapore's health system is short of employed personnel. Currently, there are not enough personnel in Singapore's health system, including doctors and nurses, especially nurses.

At present, there are 14 thousand nurses in Singapore, but 4000 of them are imported from abroad.

Nowadays, fewer and fewer young people are engaged in this industry. From the current situation, they can cope with it in a short time. But it is difficult to say for a long time. This is also a good opportunity for the mainland of China. How to cooperate is worth studying.

Chen Mingxuan, the chief representative of China's torch center in Singapore, is one of the best shortcuts for Chinese enterprises to internationalize Singapore. Singapore's internationalization and talent resources, capital and market information resources, as well as language and culture intermingled with China, are more prominent than many developed countries, especially for China's high-tech SMEs.

The Singapore government has always adopted the policy of Pro business, helping businesses and helping businesses. It has a complete and stable guarantee system, and a pparent, pragmatic and innovative policy environment.

For example, foreign entrepreneurs seeking business opportunities can apply for a new stay for up to 6 months; foreign entrepreneurs in newly established start-up companies can apply for 2 years of work permits and extend them to 3 years.

At the same time, the Singapore government has formulated some corresponding plans and policies to encourage and support the development of high-tech enterprises, and similar enterprises overseas can also be obtained.

It mainly includes: the innovation development plan, which aims to help and promote the innovation activities of enterprises engaged in manufacturing and service industries in Singapore.

The companies registered in Singapore can apply for the funding of the scheme when they participate in emerging technology, R & D training and initial training.

In addition, Singapore's universities and research institutes play an important role in the pformation of scientific and technological achievements, and a sound intellectual property protection system and tax policy are also attractive.

If tax, Singapore has a permanent resident plan for foreigners, which is implemented from the 2003 tax assessment year. Eligible taxpayers will enjoy 5 years' preferential tax.