Singapore has become a global high-tech manufacturing hub, attracting multinationals with its strategic location, robust infrastructure, skilled workforce, and business-friendly environment. Extensive FTAs and strong IP protection make it ideal for regional expansion.
Global Hub for High-Tech Manufacturing
Singapore has become a global leader in high-tech manufacturing, attracting top multinational corporations through its strategic location and robust infrastructure. The city-state boasts a highly skilled workforce, advanced research facilities, and strong intellectual property protections, making it an attractive destination for industries such as electronics, biomedical sciences, and precision engineering.
Ease of Doing Business
Singapore is renowned for its efficient business setup process, consistently ranking among the world’s best for ease of doing business. The city serves as a key hub for holding and managing regional assets. Over 37,000 international companies and 7,000 multinational corporations use Singapore as their regional headquarters, drawn to its stable environment for operations in speculative markets in Asia.
The Allure of Singapore’s Business Environment
Singapore attracts global talent with low personal income taxes and various government incentives. Its extensive network of free trade agreements (FTAs) and a transparent legal system further drive its economy. With 15 bilateral and 12 regional FTAs, Singapore provides businesses preferential market access and strong intellectual property protections. These competitive advantages make Singapore a prime location for companies looking to expand into Southeast Asia and beyond.
Read the original article : The Allure of Singapore for High-Tech Manufacturing
This article was first published by ASEAN Briefing which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, India, and Russia. Readers may write to [email protected].
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